Bandwidth (NASDAQ:BAND) Sets New 52-Week High – Still a Buy?

Bandwidth Inc. (NASDAQ:BAND)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $53.21 and last traded at $49.95, with a volume of 1323685 shares trading hands. The stock had previously closed at $49.89.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Citigroup reissued an “outperform” rating on shares of Bandwidth in a research note on Thursday, April 30th. Wall Street Zen raised Bandwidth from a “hold” rating to a “strong-buy” rating in a report on Saturday, May 2nd. B. Riley Financial upped their target price on Bandwidth from $20.00 to $27.00 and gave the company a “buy” rating in a report on Friday, April 17th. Zacks Research raised shares of Bandwidth from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Bandwidth in a report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Bandwidth currently has an average rating of “Moderate Buy” and an average target price of $31.00.

Bandwidth Stock Performance

The company has a 50-day moving average of $22.97 and a 200 day moving average of $17.44. 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 capitalization of $1.63 billion, a PE ratio of -134.24 and a beta of 2.72.

Bandwidth (NASDAQ:BAND) last posted its earnings results on Thursday, April 30th. The company reported $0.38 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 during the quarter, compared to analysts’ expectations 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. Equities research analysts predict that Bandwidth Inc. will post 0.55 EPS for the current year.

Insider Buying and Selling at Bandwidth

In other Bandwidth news, insider Rebecca Bottorff sold 9,425 shares of Bandwidth stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $45.30, for a total transaction of $426,952.50. Following the completion of the sale, the insider directly owned 50,535 shares in the company, valued at $2,289,235.50. The trade was a 15.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Kade Ross sold 20,000 shares of Bandwidth stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $51.56, for a total transaction of $1,031,200.00. Following the sale, the insider owned 43,894 shares of the company’s stock, valued at approximately $2,263,174.64. The trade was a 31.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 72,551 shares of company stock worth $2,282,004 over the last three months. 5.26% of the stock is owned by insiders.

Institutional Trading of Bandwidth

Institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC boosted its position in Bandwidth by 183.7% during the second quarter. Tower Research Capital LLC TRC now owns 3,776 shares of the company’s stock valued at $60,000 after buying an additional 2,445 shares during the period. State of Wyoming bought a new stake in Bandwidth in the third quarter valued at approximately $71,000. Raymond James Financial Inc. bought a new stake in Bandwidth in the second quarter valued at approximately $85,000. Quantbot Technologies LP bought a new stake in Bandwidth in the second quarter valued at approximately $128,000. Finally, AlphaQuest LLC lifted its position in Bandwidth by 29.1% in the third quarter. AlphaQuest LLC now owns 10,139 shares of the company’s stock valued at $169,000 after purchasing an additional 2,288 shares during the last quarter. 68.53% of the stock is currently owned by hedge funds and other institutional investors.

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.