Bandwidth Inc. (NASDAQ:BAND) Receives $59.83 Consensus PT from Brokerages

Shares of Bandwidth Inc. (NASDAQ:BAND) have earned an average rating of “Moderate Buy” from the eight brokerages that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $59.8333.

BAND has been the subject of a number of recent research reports. Needham & Company LLC reissued a “buy” rating on shares of Bandwidth in a research note on Thursday, August 20th. Piper Sandler raised their price target on Bandwidth from $38.00 to $52.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 19th. Zacks Research cut Bandwidth from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 3rd. 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 report on Thursday, July 9th. Finally, Weiss Ratings lowered Bandwidth from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, August 27th.

Insider Buying and Selling

In related news, COO Devesh Agarwal sold 4,869 shares of the company’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 $239,311.35. Following the completion of the sale, the chief operating officer directly owned 79,138 shares in the company, valued at $3,889,632.70. This represents a 5.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Rebecca Bottorff sold 2,713 shares of the stock in a transaction on Monday, August 31st. The shares were sold at an average price of $49.15, for a total transaction of $133,343.95. Following the sale, the insider directly owned 10,704 shares of the company’s stock, valued at $526,101.60. The trade was a 20.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 23,550 shares of company stock valued at $1,154,782 over the last quarter. Company insiders own 5.26% of the company’s stock.

Hedge Funds Weigh In On Bandwidth

Several hedge funds and other institutional investors have recently modified their holdings of BAND. TD Waterhouse Canada Inc. bought a new stake in shares of Bandwidth in the second quarter worth about $70,000. Integrated Wealth Concepts LLC bought a new position in Bandwidth during the 2nd quarter valued at approximately $94,000. Corient Private Wealth LP purchased a new stake in Bandwidth in the 2nd quarter worth approximately $238,000. Diversified Trust Co purchased a new stake in Bandwidth in the 1st quarter worth approximately $184,000. Finally, IMC Chicago LLC bought a new stake in shares of Bandwidth in the 1st quarter worth approximately $218,000. 68.53% of the stock is owned by institutional investors.

Bandwidth Price Performance

Shares of NASDAQ:BAND opened at $59.13 on Monday. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.87. The stock has a market cap of $1.90 billion, a PE ratio of -203.90, a PEG ratio of 5.10 and a beta of 3.03. The company’s fifty day moving average is $51.58 and its 200 day moving average is $45.44. Bandwidth has a 52 week low of $12.50 and a 52 week high of $79.08.

Bandwidth (NASDAQ:BAND) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. Bandwidth had a net margin of 0.27% and a return on equity of 1.85%. The business had revenue of $219.90 million during the quarter, compared to analyst estimates of $217.62 million. Bandwidth’s revenue was up 22.2% on a year-over-year basis. Bandwidth has set its Q3 2026 guidance at 0.450-0.490 EPS and its FY 2026 guidance at 1.710-1.790 EPS. Research analysts anticipate that Bandwidth will post 0.65 earnings per share for the current year.

About Bandwidth

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.