Bandwidth (NASDAQ:BAND) Given New $85.00 Price Target at B. Riley Financial

Bandwidth (NASDAQ:BAND) had its target price upped by B. Riley Financial from $55.00 to $85.00 in a report released on Thursday, MarketBeat Ratings reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts have also recently issued reports on BAND. Citizens Jmp raised their target price on Bandwidth from $45.00 to $70.00 and gave the company a “market outperform” rating in a research note on Friday, May 15th. Needham & Company LLC upped their price target on shares of Bandwidth from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Zacks Research cut shares of Bandwidth from a “strong-buy” rating to a “hold” rating in a report on Friday, July 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Bandwidth in a research report on Monday, April 20th. Finally, Wall Street Zen lowered shares of Bandwidth from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 28th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $57.75.

Bandwidth Stock Up 11.3%

NASDAQ:BAND opened at $78.44 on Thursday. The firm has a market capitalization of $2.51 billion, a PE ratio of -206.42 and a beta of 2.92. The stock has a 50 day moving average of $57.62 and a 200-day moving average of $30.60. Bandwidth has a 52 week low of $12.50 and a 52 week high of $79.08. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.37.

Bandwidth (NASDAQ:BAND) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate 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. Analysts predict that Bandwidth will post 0.55 EPS for the current year.

Insider Buying and Selling

In other Bandwidth news, COO Devesh Agarwal sold 4,066 shares of the stock in a transaction on Friday, May 29th. The stock was sold at an average price of $58.85, for a total transaction of $239,284.10. Following the completion of the transaction, the chief operating officer directly owned 68,579 shares of the company’s stock, valued at approximately $4,035,874.15. This trade represents a 5.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Kade Ross sold 1,588 shares of the company’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $58.85, for a total value of $93,453.80. Following the completion of the sale, the insider owned 47,996 shares of the company’s stock, valued at approximately $2,824,564.60. This trade represents a 3.20% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 127,269 shares of company stock worth $7,192,523. Company insiders own 5.26% of the company’s stock.

Hedge Funds Weigh In On Bandwidth

Several large investors have recently made changes to their positions in the business. Empowered Funds LLC boosted its holdings in Bandwidth by 9.9% during the first quarter. Empowered Funds LLC now owns 154,432 shares of the company’s stock worth $2,752,000 after buying an additional 13,961 shares in the last quarter. Quantinno Capital Management LP increased its holdings in shares of Bandwidth by 248.2% in the first quarter. Quantinno Capital Management LP now owns 76,836 shares of the company’s stock valued at $1,369,000 after buying an additional 54,771 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Bandwidth by 4.2% during the 1st quarter. Renaissance Technologies LLC now owns 644,981 shares of the company’s stock valued at $11,494,000 after acquiring an additional 26,081 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Bandwidth by 299.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 688,430 shares of the company’s stock valued at $12,268,000 after acquiring an additional 516,117 shares during the last quarter. Finally, Walleye Capital LLC bought a new stake in shares of Bandwidth during the 1st quarter worth $1,069,000. 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.