Bandwidth Inc. (NASDAQ:BAND) Given Average Rating of “Hold” by Brokerages

Shares of Bandwidth Inc. (NASDAQ:BAND) have received a consensus recommendation of “Hold” from the eight research firms that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $20.80.

A number of research firms recently weighed in on BAND. Wall Street Zen cut Bandwidth from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 target price on shares of Bandwidth in a research note on Friday, June 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Bandwidth in a research note on Saturday, September 27th. Finally, Wedbush reaffirmed an “outperform” rating on shares of Bandwidth in a research note on Wednesday, September 17th.

Insider Activity at Bandwidth

In related news, insider Devin M. Krupka sold 7,166 shares of the company’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $18.00, for a total value of $128,988.00. Following the sale, the insider owned 19,192 shares of the company’s stock, valued at approximately $345,456. This represents a 27.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Daryl Raiford sold 14,143 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $15.47, for a total value of $218,792.21. Following the completion of the sale, the chief financial officer directly owned 90,395 shares in the company, valued at approximately $1,398,410.65. The trade was a 13.53% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,077 shares of company stock valued at $1,139,601. 6.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BAND. Tower Research Capital LLC TRC lifted its stake in shares of Bandwidth by 183.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,776 shares of the company’s stock worth $60,000 after purchasing an additional 2,445 shares during the period. US Bancorp DE lifted its stake in shares of Bandwidth by 11,281.3% during the 1st quarter. US Bancorp DE now owns 5,463 shares of the company’s stock worth $72,000 after purchasing an additional 5,415 shares during the period. Harbor Capital Advisors Inc. purchased a new position in shares of Bandwidth during the 1st quarter worth $72,000. Raymond James Financial Inc. purchased a new position in shares of Bandwidth during the 2nd quarter worth $85,000. Finally, GAMMA Investing LLC lifted its stake in shares of Bandwidth by 16,036.6% during the 1st quarter. GAMMA Investing LLC now owns 6,616 shares of the company’s stock worth $87,000 after purchasing an additional 6,575 shares during the period. Hedge funds and other institutional investors own 68.53% of the company’s stock.

Bandwidth Stock Performance

BAND opened at $16.09 on Monday. The stock has a market cap of $484.95 million, a P/E ratio of -47.32 and a beta of 1.92. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.31 and a quick ratio of 1.31. The stock’s 50 day simple moving average is $15.34 and its 200 day simple moving average is $14.50. Bandwidth has a 1-year low of $11.33 and a 1-year high of $23.00.

Bandwidth (NASDAQ:BAND) last released its quarterly earnings results on Tuesday, July 29th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.06. The business had revenue of $180.01 million for the quarter, compared to analysts’ expectations of $178.87 million. Bandwidth had a positive return on equity of 1.43% and a negative net margin of 1.32%.The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.29 EPS. Bandwidth has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities analysts anticipate that Bandwidth will post 0.22 EPS for the current fiscal year.

About Bandwidth

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.