Robert W. Baird Begins Coverage on Bandwidth (BAND)
Analysts at Robert W. Baird started coverage on shares of Bandwidth (NASDAQ:BAND) in a note issued to investors on Tuesday, MarketBeat reports. The brokerage set an “outperform” rating and a $28.00 price target on the stock. Robert W. Baird’s target price indicates a potential upside of 23.35% from the company’s current price.
Bandwidth (NASDAQ BAND) traded up $0.33 on Tuesday, reaching $22.70. The company’s stock had a trading volume of 294,678 shares, compared to its average volume of 163,905. Bandwidth has a twelve month low of $18.05 and a twelve month high of $24.15.
In other news, major shareholder James A. Bowen sold 158,526 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $18.60, for a total value of $2,948,583.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Bandwidth Inc, formerly Bandwidth.com, Inc, is a cloud-based communications platform-as-a-service provider (CPaaS) that enables enterprises to create, scale and operate voice or text communications services across any mobile application or connected device or enterprises. The Company has two operating and reportable segments, CPaaS and Other.
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