Bandwidth (NASDAQ:BAND) Hits New 12-Month High – Time to Buy?

Bandwidth Inc. (NASDAQ:BAND) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $75.50 and last traded at $73.0410, with a volume of 573775 shares changing hands. The stock had previously closed at $73.19.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Wall Street Zen lowered Bandwidth from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. Zacks Research raised Bandwidth from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. 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 equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.25.

Bandwidth Stock Down 1.4%

The business has a 50-day moving average price of $38.47 and a two-hundred day moving average price of $22.91. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.37. The firm has a market cap of $2.31 billion, a PE ratio of -190.00 and a beta of 2.93.

Bandwidth (NASDAQ:BAND) last posted its quarterly earnings data 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. Bandwidth had a positive return on equity of 1.47% and a negative net margin of 0.64%.The business had revenue of $208.78 million for the quarter, compared to analyst estimates of $201.58 million. Bandwidth has set its FY 2026 guidance at 1.770-1.830 EPS and its Q2 2026 guidance at 0.350-0.370 EPS. On average, equities research analysts expect that Bandwidth Inc. will post 0.55 EPS for the current year.

Insider Buying and Selling at Bandwidth

In other news, insider Kade Ross sold 1,588 shares of the company’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $58.85, for a total transaction of $93,453.80. Following the sale, the insider owned 47,996 shares of the company’s stock, valued at approximately $2,824,564.60. This represents a 3.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Daryl E. Raiford sold 4,228 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $64.15, for a total transaction of $271,226.20. Following the transaction, the chief financial officer owned 42,919 shares of the company’s stock, valued at approximately $2,753,253.85. The trade was a 8.97% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 131,181 shares of company stock valued at $5,596,190. Insiders own 5.26% of the company’s stock.

Hedge Funds Weigh In On Bandwidth

A number of institutional investors and hedge funds have recently modified their holdings of BAND. Rhumbline Advisers grew its stake in shares of Bandwidth by 15.0% during the second quarter. Rhumbline Advisers now owns 40,927 shares of the company’s stock worth $651,000 after purchasing an additional 5,324 shares in the last quarter. Quantbot Technologies LP purchased a new position in Bandwidth in the second quarter valued at approximately $128,000. Arrowstreet Capital Limited Partnership increased its stake in Bandwidth by 26.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 373,153 shares of the company’s stock valued at $5,933,000 after purchasing an additional 78,360 shares during the last quarter. Invesco Ltd. increased its stake in Bandwidth by 4.7% in the second quarter. Invesco Ltd. now owns 56,367 shares of the company’s stock valued at $896,000 after purchasing an additional 2,532 shares during the last quarter. Finally, Jump Financial LLC purchased a new position in Bandwidth in the second quarter valued at approximately $221,000. Institutional investors and hedge funds own 68.53% of the company’s stock.

About Bandwidth

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.