Bandwidth (NASDAQ:BAND) Stock Price Up 9.8% – Here’s Why

Shares of Bandwidth Inc. (NASDAQ:BAND) rose 9.8% during mid-day trading on Tuesday . The stock traded as high as $57.95 and last traded at $59.6420. 108,981 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 870,549 shares. The stock had previously closed at $54.31.

Wall Street Analysts Forecast Growth

BAND has been the topic of several research reports. Citigroup restated a “market outperform” rating on shares of Bandwidth in a report on Monday, July 20th. B. Riley Financial boosted their price objective on Bandwidth from $55.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Citizens Jmp increased their price target on Bandwidth from $70.00 to $86.00 and gave the stock a “market outperform” rating in a research note on Monday, July 20th. Wall Street Zen cut shares of Bandwidth from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Piper Sandler lifted their target price on Bandwidth from $38.00 to $52.00 and gave the stock a “neutral” rating in a report on Wednesday, August 19th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $59.83.

Bandwidth Price Performance

The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.04 and a current ratio of 2.04. The firm has a fifty day simple moving average of $52.16 and a 200 day simple moving average of $44.84. The company has a market capitalization of $1.83 billion, a PE ratio of -195.66, a P/E/G ratio of 4.39 and a beta of 3.03.

Bandwidth (NASDAQ:BAND) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. Bandwidth had a net margin of 0.27% and a return on equity of 1.85%. The company had revenue of $219.90 million during the quarter, compared to the consensus estimate of $217.62 million. The business’s revenue for the quarter 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. Equities analysts anticipate that Bandwidth Inc. will post 0.65 EPS for the current year.

Insider Transactions at Bandwidth

In related news, CEO David Morken sold 5,128 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 value of $252,041.20. Following the transaction, the chief executive officer owned 6,702 shares in the company, valued at approximately $329,403.30. This represents a 43.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Richard Asbill sold 1,832 shares of the business’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $49.15, for a total transaction of $90,042.80. Following the transaction, the general counsel owned 7,550 shares of the company’s stock, valued at $371,082.50. This represents a 19.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 23,550 shares of company stock valued at $1,154,782. 5.26% of the stock is owned by company insiders.

Hedge Funds Weigh In On Bandwidth

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG raised its stake in shares of Bandwidth by 189.2% during the 4th quarter. UBS Group AG now owns 205,300 shares of the company’s stock worth $3,172,000 after buying an additional 134,309 shares during the last quarter. Bastion Asset Management Inc. acquired a new position in Bandwidth in the 1st quarter worth $6,592,000. Walleye Capital LLC purchased a new position in shares of Bandwidth during the 1st quarter valued at approximately $1,069,000. Tidal Investments LLC acquired a new position in Bandwidth in the second quarter worth about $1,451,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in Bandwidth by 299.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 688,430 shares of the company’s stock valued at $12,268,000 after purchasing an additional 516,117 shares during the last quarter. 68.53% of the stock is owned by hedge funds and other institutional investors.

Bandwidth Company Profile

Bandwidth Inc is a cloud communications company that provides application programming interfaces (APIs) and communications services for businesses, software developers and service providers. Its platform enables organizations to integrate voice calling, text messaging and other communications capabilities into applications, websites and business workflows.

The company’s offerings include voice and messaging APIs, toll-free and local telephone numbers, emergency communications and 911 access, authentication and related communications tools.