Bandwidth (NASDAQ:BAND) Sets New 52-Week High – What’s Next?

Bandwidth Inc. (NASDAQ:BAND) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $62.24 and last traded at $60.02, with a volume of 37400 shares trading hands. The stock had previously closed at $61.39.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Needham & Company LLC boosted their price target on Bandwidth from $45.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Wall Street Zen lowered Bandwidth from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. Citizens Jmp upped their target price on Bandwidth from $45.00 to $70.00 and gave the stock a “market outperform” rating in a report on Friday, May 15th. Zacks Research upgraded Bandwidth from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Bandwidth in a report on Monday, April 20th. One 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $43.25.

Bandwidth Stock Performance

The business has a fifty day simple moving average of $29.50 and a two-hundred day simple moving average of $19.73. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market cap of $1.95 billion, a PE ratio of -160.34 and a beta of 2.72.

Bandwidth (NASDAQ:BAND) last posted its earnings results on Thursday, April 30th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.06. The company had revenue of $208.78 million during the quarter, compared to analyst estimates 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. Research analysts anticipate that Bandwidth Inc. will post 0.55 earnings per share for the current year.

Insiders Place Their Bets

In other news, COO Devesh Agarwal sold 15,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $57.24, for a total transaction of $858,600.00. Following the transaction, the chief operating officer directly owned 61,414 shares of the company’s stock, valued at approximately $3,515,337.36. This represents a 19.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Rebecca Bottorff sold 9,425 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $45.30, for a total value of $426,952.50. Following the transaction, the insider directly owned 50,535 shares in the company, valued at approximately $2,289,235.50. The trade was a 15.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 107,551 shares of company stock valued at $4,183,156. Company insiders own 5.26% of the company’s stock.

Hedge Funds Weigh In On Bandwidth

A number of large investors have recently made changes to their positions in BAND. Tower Research Capital LLC TRC increased its position in shares of Bandwidth by 183.7% during the second 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 in the last quarter. State of Wyoming acquired a new position in shares of Bandwidth during the third quarter worth $71,000. Raymond James Financial Inc. acquired a new position in shares of Bandwidth during the second quarter worth $85,000. Quantbot Technologies LP acquired a new position in shares of Bandwidth during the second quarter worth $128,000. Finally, Harbor Capital Advisors Inc. increased its position in shares of Bandwidth by 35.1% during the fourth quarter. Harbor Capital Advisors Inc. now owns 10,143 shares of the company’s stock worth $157,000 after purchasing an additional 2,634 shares in the last quarter. 68.53% of the stock is owned by institutional investors and hedge funds.

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.