Bandwidth Inc (NASDAQ:BAND) has been given an average broker rating score of 1.20 (Strong Buy) from the five analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a buy recommendation and four have given a strong buy recommendation to the company.

Brokers have set a one year consensus price objective of $29.80 for the company, according to Zacks. Zacks has also assigned Bandwidth an industry rank of 182 out of 265 based on the ratings given to related companies.

Several analysts have recently commented on BAND shares. JMP Securities started coverage on shares of Bandwidth in a research report on Tuesday, December 5th. They set an “outperform” rating and a $36.00 price target on the stock. Morgan Stanley started coverage on shares of Bandwidth in a research report on Tuesday, December 5th. They set an “overweight” rating and a $28.00 price target on the stock. KeyCorp started coverage on shares of Bandwidth in a research report on Tuesday, December 5th. They set an “overweight” rating and a $29.00 price target on the stock. Canaccord Genuity started coverage on shares of Bandwidth in a research report on Tuesday, December 5th. They set a “buy” rating and a $28.00 price target on the stock. Finally, Robert W. Baird started coverage on shares of Bandwidth in a research report on Tuesday, December 5th. They set an “outperform” rating and a $28.00 price target on the stock.

In other Bandwidth news, major shareholder James A. Bowen sold 158,526 shares of the business’s stock in a transaction that occurred 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of Bandwidth (NASDAQ BAND) opened at $23.44 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of -2.45. Bandwidth has a 12-month low of $18.05 and a 12-month high of $24.99.

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About Bandwidth

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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