Bandwidth Inc (BAND) Given $29.80 Average Target Price by Analysts

Shares of Bandwidth Inc (NASDAQ:BAND) have earned an average broker rating score of 1.20 (Strong Buy) from the five analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a buy recommendation and four have assigned 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 given Bandwidth an industry rank of 183 out of 265 based on the ratings given to its competitors.

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

Shares of Bandwidth (NASDAQ:BAND) traded up $0.23 during trading on Friday, hitting $23.31. The stock had a trading volume of 10,795 shares, compared to its average volume of 113,006. Bandwidth has a 12 month low of $18.05 and a 12 month high of $24.99. The company has a market capitalization of $414.85 and a price-to-earnings ratio of 28.43. 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 (NASDAQ:BAND) last released its earnings results on Wednesday, December 13th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.06. analysts expect that Bandwidth will post 0.46 earnings per share for the current fiscal year.

In related news, major shareholder James A. Bowen sold 158,526 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $18.60, for a total transaction of $2,948,583.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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Bandwidth Company Profile

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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Analyst Recommendations for Bandwidth (NASDAQ:BAND)

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