Bandwidth Inc. (NASDAQ:BAND) Stock Has Average Price Target of $59.83 According to Brokerages

Shares of Bandwidth Inc. (NASDAQ:BAND) have received an average rating of “Hold” from the nine research firms that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $59.29.

Several analysts recently weighed in on the company. Zacks Research downgraded Bandwidth from a “strong-buy” rating to a “hold” rating in a report on Friday, July 3rd. Piper Sandler upped their price objective on shares of Bandwidth from $38.00 to $52.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 19th. Citigroup reiterated a “market outperform” rating on shares of Bandwidth in a report on Monday, July 20th. Citizens Jmp increased their target price on shares of Bandwidth from $70.00 to $86.00 and gave the stock a “market outperform” rating in a report on Monday, July 20th. Finally, B. Riley Financial raised their target price on shares of Bandwidth from $55.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, July 9th.

Bandwidth Stock Performance

Shares of NASDAQ BAND opened at $43.34 on Friday. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.87. The business has a fifty day simple moving average of $52.53 and a two-hundred day simple moving average of $50.31. The firm has a market cap of $1.39 billion, a PE ratio of -149.45, a price-to-earnings-growth ratio of 3.78 and a beta of 3.01. Bandwidth has a twelve month low of $12.50 and a twelve month high of $79.08.

Bandwidth (NASDAQ:BAND) last issued its earnings results on Wednesday, July 29th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.01. Bandwidth had a return on equity of 1.85% and a net margin of 0.27%. The business had revenue of $219.90 million during the quarter, compared to analysts’ expectations of $217.62 million. The firm’s quarterly revenue was up 22.2% compared to the same quarter last year. Bandwidth has set its Q3 2026 guidance at 0.450-0.490 EPS and its FY 2026 guidance at 1.710-1.790 EPS. Analysts expect that Bandwidth will post 0.65 earnings per share for the current fiscal year.

Insider Transactions at Bandwidth

In other news, insider Kade Ross sold 1,616 shares of the stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $49.15, for a total transaction of $79,426.40. Following the transaction, the insider directly owned 48,071 shares in the company, valued at approximately $2,362,689.65. This trade represents a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Devesh Agarwal sold 4,869 shares of Bandwidth stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $49.15, for a total transaction of $239,311.35. Following the transaction, the chief operating officer directly owned 79,138 shares in the company, valued at approximately $3,889,632.70. The trade was a 5.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 23,550 shares of company stock worth $1,154,782. Insiders own 5.26% of the company’s stock.

Institutional Trading of Bandwidth

Hedge funds have recently bought and sold shares of the stock. State of Alaska Department of Revenue boosted its position in Bandwidth by 43.1% during the third quarter. State of Alaska Department of Revenue now owns 1,262 shares of the company’s stock valued at $76,000 after purchasing an additional 380 shares in the last quarter. TD Waterhouse Canada Inc. purchased a new position in Bandwidth in the second quarter valued at about $70,000. Integrated Wealth Concepts LLC purchased a new position in Bandwidth in the second quarter valued at about $94,000. Corient Private Wealth LP purchased a new position in Bandwidth in the second quarter valued at about $238,000. Finally, Hsbc Holdings PLC raised its holdings in Bandwidth by 8.3% in the fourth quarter. Hsbc Holdings PLC now owns 61,239 shares of the company’s stock worth $950,000 after purchasing an additional 4,686 shares in the last quarter. Hedge funds and other institutional investors own 68.53% of the company’s stock.

About Bandwidth

Bandwidth Inc is a cloud communications company that provides application programming interfaces (APIs) and related services for businesses to build voice, messaging and emergency communications into their software and applications. Its platform is designed for enterprises, communications service providers and technology companies that need programmable communications capabilities.

The company’s offerings include voice calling, text messaging, toll-free and local phone numbers, authentication messaging, and 911 emergency services.