Bandwidth Inc. (NASDAQ:BAND) Short Interest Up 127.4% in June

Bandwidth Inc. (NASDAQ:BAND) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 3,504,208 shares, an increase of 127.4% from the June 15th total of 1,540,791 shares. Based on an average daily trading volume, of 1,966,359 shares, the days-to-cover ratio is presently 1.8 days. Approximately 11.6% of the shares of the company are sold short.

Bandwidth Price Performance

Shares of Bandwidth stock opened at $68.15 on Thursday. The firm has a market cap of $2.18 billion, a P/E ratio of -179.20 and a beta of 2.92. The firm’s 50-day simple moving average is $60.45 and its 200-day simple moving average is $32.26. Bandwidth has a twelve month low of $12.50 and a twelve month high of $79.08. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.94 and a current ratio of 0.94.

Bandwidth (NASDAQ:BAND) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.06. The firm had revenue of $208.78 million during the quarter, compared to analyst estimates of $201.58 million. Bandwidth had a negative net margin of 0.64% and a positive return on equity of 1.47%. Bandwidth has set its FY 2026 guidance at 1.770-1.830 EPS and its Q2 2026 guidance at 0.350-0.370 EPS. As a group, research analysts expect that Bandwidth will post 0.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BAND. Weiss Ratings restated a “sell (d-)” rating on shares of Bandwidth in a research note on Monday, April 20th. Zacks Research downgraded Bandwidth from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 3rd. Citizens Jmp lifted their price objective on Bandwidth from $45.00 to $70.00 and gave the stock a “market outperform” rating in a report on Friday, May 15th. Citigroup restated an “outperform” rating on shares of Bandwidth in a research report on Thursday, April 30th. Finally, B. Riley Financial upped their target price on Bandwidth from $55.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $57.75.

Insider Buying and Selling

In other news, insider Devin M. Krupka sold 1,198 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $58.85, for a total value of $70,502.30. Following the completion of the sale, the insider directly owned 26,371 shares of the company’s stock, valued at approximately $1,551,933.35. This represents a 4.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kade Ross sold 1,588 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $58.85, for a total transaction of $93,453.80. Following the completion of the sale, the insider owned 47,996 shares in the company, valued at $2,824,564.60. This represents a 3.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 127,269 shares of company stock valued at $7,192,523 in the last ninety days. Company insiders own 5.26% of the company’s stock.

Institutional Trading of Bandwidth

Several institutional investors have recently bought and sold shares of the stock. Empowered Funds LLC grew its position in Bandwidth by 9.9% in the first quarter. Empowered Funds LLC now owns 154,432 shares of the company’s stock valued at $2,752,000 after acquiring an additional 13,961 shares during the period. Quantinno Capital Management LP lifted its holdings in shares of Bandwidth by 248.2% during the first quarter. Quantinno Capital Management LP now owns 76,836 shares of the company’s stock valued at $1,369,000 after acquiring an additional 54,771 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Bandwidth by 4.2% in the 1st quarter. Renaissance Technologies LLC now owns 644,981 shares of the company’s stock valued at $11,494,000 after purchasing an additional 26,081 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Bandwidth by 299.5% in the 1st 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 in the last quarter. Finally, Walleye Capital LLC bought a new stake in shares of Bandwidth in the 1st quarter worth about $1,069,000. Institutional investors and hedge funds own 68.53% of the company’s stock.

Bandwidth Company Profile

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.