Bandwidth (NASDAQ:BAND) Stock Price Up 5% – What’s Next?

Bandwidth Inc. (NASDAQ:BAND) shot up 5% during mid-day trading on Friday . The company traded as high as $72.78 and last traded at $72.3580. 287,569 shares were traded during mid-day trading, a decline of 65% from the average session volume of 820,309 shares. The stock had previously closed at $68.88.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Wall Street Zen cut shares of Bandwidth from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 28th. Zacks Research cut shares of Bandwidth from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Bandwidth in a research report on Monday, April 20th. B. Riley Financial increased their price target on Bandwidth from $55.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Finally, Needham & Company LLC lifted their price objective on Bandwidth from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $57.75.

Bandwidth Trading Up 4.3%

The company has a market cap of $2.30 billion, a price-to-earnings ratio of -188.97 and a beta of 2.92. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.37. The firm’s 50-day moving average price is $61.29 and its 200 day moving average price is $32.91.

Bandwidth (NASDAQ:BAND) last issued its 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 negative net margin of 0.64% and a positive return on equity of 1.47%. 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. As a group, equities analysts expect that Bandwidth Inc. will post 0.55 EPS for the current year.

Insider Buying and Selling at Bandwidth

In other news, General Counsel Richard Brandon Asbill sold 29,214 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $72.03, for a total transaction of $2,104,284.42. Following the transaction, the general counsel directly owned 3,000 shares of the company’s stock, valued at $216,090. This represents a 90.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Devesh Agarwal sold 15,000 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $57.24, for a total value of $858,600.00. Following the completion of the transaction, the chief operating officer owned 61,414 shares in the company, valued at approximately $3,515,337.36. This represents a 19.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 127,269 shares of company stock worth $7,192,523 in the last quarter. Company insiders own 5.26% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. UBS Group AG lifted its holdings in shares of Bandwidth by 189.2% in the fourth quarter. UBS Group AG now owns 205,300 shares of the company’s stock valued at $3,172,000 after purchasing an additional 134,309 shares in the last quarter. Bastion Asset Management Inc. purchased a new position in shares of Bandwidth during the first quarter valued at approximately $6,592,000. Nano Cap New Millennium Growth Fund L P bought a new stake in Bandwidth during the fourth quarter worth $1,622,000. Assenagon Asset Management S.A. grew its holdings in Bandwidth by 51.1% during the first quarter. Assenagon Asset Management S.A. now owns 491,873 shares of the company’s stock worth $8,765,000 after buying an additional 166,423 shares in the last quarter. Finally, Blue Trust Inc. bought a new stake in Bandwidth during the first quarter worth $1,742,000. Institutional investors and hedge funds 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.