Bandwidth (NASDAQ:BAND) Price Target Raised to $86.00 at Citizens Jmp

Bandwidth (NASDAQ:BAND) had its price target increased by Citizens Jmp from $70.00 to $86.00 in a research note released on Monday morning,Benzinga reports. Citizens Jmp currently has a market outperform rating on the stock.

Several other equities research analysts have also issued reports on BAND. Needham & Company LLC lifted their price target on shares of Bandwidth from $45.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Wall Street Zen downgraded shares of Bandwidth from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 28th. 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. Citigroup reaffirmed a “market outperform” rating on shares of Bandwidth in a research note on Monday. Finally, Zacks Research downgraded shares of Bandwidth from a “strong-buy” rating to a “hold” rating in a report on Friday, July 3rd. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Bandwidth presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.75.

Bandwidth Price Performance

Shares of BAND stock opened at $68.80 on Monday. The business has a fifty day simple moving average of $61.67 and a 200 day simple moving average of $33.41. The company has a market cap of $2.20 billion, a P/E ratio of -181.05 and a beta of 2.92. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.37. Bandwidth has a twelve month low of $12.50 and a twelve month high of $79.08.

Bandwidth (NASDAQ:BAND) last released its earnings results on Thursday, April 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.06. The firm had revenue of $208.78 million for the quarter, compared to analysts’ expectations of $201.58 million. Bandwidth had a positive return on equity of 1.47% and a negative net margin of 0.64%.Bandwidth has set its FY 2026 guidance at 1.770-1.830 EPS and its Q2 2026 guidance at 0.350-0.370 EPS. On average, sell-side analysts forecast that Bandwidth will post 0.55 EPS for the current fiscal year.

Insider Buying and Selling

In other Bandwidth news, COO Devesh Agarwal sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $57.24, for a total transaction of $858,600.00. Following the sale, the chief operating officer directly owned 61,414 shares of the company’s stock, valued at $3,515,337.36. The trade was a 19.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO David A. Morken sold 4,632 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $58.85, for a total transaction of $272,593.20. Following the completion of the transaction, the chief executive officer owned 7,198 shares of the company’s stock, valued at approximately $423,602.30. This trade represents a 39.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 127,269 shares of company stock valued at $7,192,523 over the last three months. Insiders own 5.26% of the company’s stock.

Institutional Trading of Bandwidth

Several institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC raised its position in 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 last quarter. Raymond James Financial Inc. acquired a new position in Bandwidth during the 2nd quarter worth about $85,000. Quantbot Technologies LP bought a new stake in shares of Bandwidth in the 2nd quarter valued at about $128,000. State of Wyoming grew its position in shares of Bandwidth by 104.6% in the 4th quarter. State of Wyoming now owns 8,756 shares of the company’s stock valued at $135,000 after buying an additional 4,476 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in shares of Bandwidth by 35.1% in the fourth quarter. Harbor Capital Advisors Inc. now owns 10,143 shares of the company’s stock valued at $157,000 after buying an additional 2,634 shares during the period. Institutional investors own 68.53% of the company’s stock.

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.