Bandwidth (NASDAQ:BAND) Stock Price Up 10.2% – Time to Buy?

Bandwidth Inc. (NASDAQ:BAND)’s stock price rose 10.2% during mid-day trading on Friday . The stock traded as high as $63.11 and last traded at $63.5250. Approximately 970,105 shares were traded during trading, an increase of 57% from the average daily volume of 616,385 shares. The stock had previously closed at $57.66.

Analyst Ratings Changes

BAND has been the subject of several recent analyst reports. Zacks Research upgraded Bandwidth from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Wall Street Zen lowered Bandwidth from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. B. Riley Financial boosted their target price on Bandwidth from $20.00 to $27.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Needham & Company LLC boosted their target price on Bandwidth from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Finally, Citizens Jmp boosted their target price on Bandwidth from $45.00 to $70.00 and gave the company a “market outperform” rating in a research report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Bandwidth currently has an average rating of “Moderate Buy” and a consensus price target of $43.25.

Bandwidth Stock Up 12.7%

The company has a debt-to-equity ratio of 0.37, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market cap of $2.08 billion, a PE ratio of -170.97 and a beta of 2.72. The business has a fifty day moving average of $33.10 and a 200-day moving average of $20.97.

Bandwidth (NASDAQ:BAND) last posted its earnings results on Thursday, April 30th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.06. The company had revenue of $208.78 million during the quarter, compared to analyst estimates of $201.58 million. Bandwidth had a positive return on equity of 1.47% and a negative net margin of 0.64%.Bandwidth has set its FY 2026 guidance at 1.770-1.830 EPS and its Q2 2026 guidance at 0.350-0.370 EPS. Equities research analysts anticipate that Bandwidth Inc. will post 0.55 earnings per share for the current year.

Insider Buying and Selling

In other Bandwidth news, insider Rebecca Bottorff sold 9,425 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $45.30, for a total transaction of $426,952.50. Following the completion of the sale, the insider owned 50,535 shares in the company, valued at $2,289,235.50. This represents a 15.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Daryl E. Raiford sold 16,100 shares of the company’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $15.19, for a total value of $244,559.00. Following the sale, the chief financial officer owned 36,645 shares of the company’s stock, valued at approximately $556,637.55. This represents a 30.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 107,551 shares of company stock worth $4,183,156 in the last three months. Corporate insiders own 5.26% of the company’s stock.

Institutional Trading of Bandwidth

A number of hedge funds have recently bought and sold shares of BAND. Tower Research Capital LLC TRC lifted its holdings in Bandwidth by 183.7% during the second quarter. Tower Research Capital LLC TRC now owns 3,776 shares of the company’s stock worth $60,000 after buying an additional 2,445 shares during the period. State of Wyoming purchased a new stake in Bandwidth during the third quarter worth $71,000. Raymond James Financial Inc. purchased a new stake in Bandwidth during the second quarter worth $85,000. Quantbot Technologies LP acquired a new position in shares of Bandwidth during the second quarter worth $128,000. Finally, Harbor Capital Advisors Inc. increased its position in shares of Bandwidth by 35.1% during the fourth quarter. Harbor Capital Advisors Inc. now owns 10,143 shares of the company’s stock worth $157,000 after purchasing an additional 2,634 shares in the last quarter. Hedge funds and other institutional investors own 68.53% of the company’s stock.

Bandwidth Company Profile

Bandwidth Inc operates a cloud-based communications platform that provides voice, messaging and emergency services APIs for enterprises and developers. Through its proprietary network and software-as-a-service model, the company enables customers to integrate programmable voice calls, text messaging and 9-1-1 routing into their applications. Bandwidth’s solutions aim to reduce complexity and improve reliability in mission-critical communications, serving industries such as healthcare, financial services, on-demand mobility and customer engagement.

Founded in 1999 in Raleigh, North Carolina by co-founders David Morken and Henry Kaestner, Bandwidth initially focused on voice-over-IP infrastructure before evolving into a full communications API provider.