Bandwidth Inc. (NASDAQ:BAND) Short Interest Update

Bandwidth Inc. (NASDAQ:BAND) was the target of a large decrease in short interest during the month of August. As of August 15th, there was short interest totaling 1,060,000 shares, a decrease of 22.6% from the July 31st total of 1,370,000 shares. Based on an average trading volume of 269,300 shares, the days-to-cover ratio is currently 3.9 days. Based on an average trading volume of 269,300 shares, the days-to-cover ratio is currently 3.9 days.

Analyst Ratings Changes

A number of research firms have recently commented on BAND. JMP Securities reiterated a “market outperform” rating and issued a $36.00 price objective on shares of Bandwidth in a report on Thursday, May 15th. Needham & Company LLC reissued a “buy” rating and issued a $20.00 target price on shares of Bandwidth in a research report on Friday, June 13th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $20.80.

Bandwidth Stock Performance

NASDAQ BAND opened at $15.18 on Thursday. Bandwidth has a 1-year low of $11.33 and a 1-year high of $23.00. The company has a market capitalization of $457.53 million, a P/E ratio of -44.65 and a beta of 1.81. The business has a 50 day moving average price of $14.88 and a 200 day moving average price of $14.32. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.31 and a quick ratio of 1.31.

Bandwidth (NASDAQ:BAND) last released its quarterly earnings data on Tuesday, July 29th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.06. The firm had revenue of $180.01 million during the quarter, compared to the consensus estimate of $178.87 million. Bandwidth had a positive return on equity of 1.43% and a negative net margin of 1.32%.Bandwidth’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period last year, the business posted $0.29 EPS. Bandwidth has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Sell-side analysts expect that Bandwidth will post 0.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, General Counsel Richard Brandon Asbill sold 1,852 shares of the stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $15.09, for a total value of $27,946.68. Following the transaction, the general counsel owned 51,617 shares in the company, valued at approximately $778,900.53. This represents a 3.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Daryl Raiford sold 19,000 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $15.50, for a total value of $294,500.00. Following the completion of the transaction, the chief financial officer owned 109,538 shares in the company, valued at approximately $1,697,839. The trade was a 14.78% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 65,911 shares of company stock worth $1,010,613. Insiders own 6.50% of the company’s stock.

Hedge Funds Weigh In On Bandwidth

Several hedge funds have recently bought and sold shares of BAND. Nuveen LLC acquired a new stake in shares of Bandwidth during the first quarter worth $7,916,000. AQR Capital Management LLC boosted its holdings in shares of Bandwidth by 303.1% during the first quarter. AQR Capital Management LLC now owns 393,907 shares of the company’s stock worth $5,160,000 after purchasing an additional 296,199 shares during the last quarter. Bridgeway Capital Management LLC acquired a new stake in shares of Bandwidth during the second quarter worth $2,166,000. Archon Capital Management LLC boosted its holdings in shares of Bandwidth by 48.3% during the second quarter. Archon Capital Management LLC now owns 291,700 shares of the company’s stock worth $4,638,000 after purchasing an additional 95,000 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Bandwidth by 213.5% during the fourth quarter. Millennium Management LLC now owns 136,442 shares of the company’s stock worth $2,322,000 after purchasing an additional 92,915 shares during the last quarter. Hedge funds and other institutional investors own 68.53% of the company’s stock.

Bandwidth Company Profile

Bandwidth is a leading enterprise cloud communications company. Companies like Cisco, Google, Microsoft, RingCentral, Uber, and Zoom use Bandwidth’s APIs to easily embed voice, messaging, and emergency services into software and applications. Bandwidth is the first and only CPaaS provider offering a robust selection of communications APIs built around their own IP voice network.