Needham & Company LLC Issues Positive Forecast for Bandwidth (NASDAQ:BAND) Stock Price

Bandwidth (NASDAQ:BAND) had its target price boosted by analysts at Needham & Company LLC from $45.00 to $60.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC’s price objective would suggest a potential upside of 14.45% from the stock’s current price.

Several other brokerages have also recently issued reports on BAND. B. Riley Financial increased their price objective on Bandwidth from $20.00 to $27.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Wall Street Zen raised Bandwidth from a “hold” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. Zacks Research raised Bandwidth from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Bandwidth in a research report on Monday, April 20th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Bandwidth in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $34.75.

Bandwidth Trading Up 2.8%

NASDAQ:BAND traded up $1.42 during midday trading on Thursday, hitting $52.43. The stock had a trading volume of 549,536 shares, compared to its average volume of 568,196. Bandwidth has a one year low of $12.50 and a one year high of $53.21. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of -137.95 and a beta of 2.72. The stock has a 50-day moving average of $22.97 and a 200 day moving average of $17.44. 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 (NASDAQ:BAND) last announced its quarterly earnings data 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. Bandwidth had a positive return on equity of 1.47% and a negative net margin of 0.64%.The company had revenue of $208.78 million for the quarter, compared to analysts’ expectations of $201.58 million. 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, sell-side analysts forecast that Bandwidth will post 0.55 EPS for the current year.

Insider Buying and Selling at Bandwidth

In other Bandwidth news, insider Rebecca Bottorff sold 9,425 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $45.30, for a total transaction of $426,952.50. Following the sale, the insider owned 50,535 shares of the company’s stock, valued at approximately $2,289,235.50. This trade represents a 15.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Daryl E. Raiford sold 16,100 shares of the stock in a transaction on Friday, March 13th. The shares were sold at an average price of $15.19, for a total value of $244,559.00. Following the sale, the chief financial officer owned 36,645 shares of the company’s stock, valued at approximately $556,637.55. This represents a 30.52% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 72,551 shares of company stock valued at $2,282,004. 5.26% of the stock is currently owned by corporate insiders.

Institutional Trading of Bandwidth

Hedge funds and other institutional investors have recently made changes to their positions in the business. GSA Capital Partners LLP purchased a new stake in shares of Bandwidth during the 3rd quarter valued at $1,100,000. Portolan Capital Management LLC raised its stake in Bandwidth by 115.8% in the 3rd quarter. Portolan Capital Management LLC now owns 745,802 shares of the company’s stock worth $12,433,000 after acquiring an additional 400,231 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Bandwidth in the 3rd quarter worth $271,000. Assenagon Asset Management S.A. raised its stake in Bandwidth by 51.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 491,873 shares of the company’s stock worth $8,765,000 after acquiring an additional 166,423 shares during the last quarter. Finally, Diversified Trust Co purchased a new position in Bandwidth in the 1st quarter worth $184,000. Hedge funds and other institutional investors 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.