Bandwidth (NASDAQ:BAND) Stock Price Up 5.2% – Here’s What Happened

Bandwidth Inc. (NASDAQ:BAND) shares traded up 5.2% during trading on Tuesday . The company traded as high as $62.82 and last traded at $63.8450. 129,169 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 794,301 shares. The stock had previously closed at $60.67.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on BAND shares. Weiss Ratings restated a “sell (d-)” rating on shares of Bandwidth in a research report on Monday, April 20th. Needham & Company LLC lifted their price target on shares of Bandwidth from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. B. Riley Financial upped their price target on Bandwidth from $20.00 to $27.00 and gave the company a “buy” rating in a report on Friday, April 17th. Citigroup reiterated an “outperform” rating on shares of Bandwidth in a research report on Thursday, April 30th. Finally, Citizens Jmp lifted 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. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Bandwidth presently has an average rating of “Moderate Buy” and an average price target of $43.25.

Bandwidth Trading Up 11.1%

The firm has a market cap of $2.16 billion, a price-to-earnings ratio of -178.35 and a beta of 2.92. The company has a 50-day moving average price of $54.74 and a 200 day moving average price of $29.38. 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 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 the consensus estimate 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 anticipate that Bandwidth Inc. will post 0.55 earnings per share for the current fiscal year.

Insider Activity at Bandwidth

In other news, insider Kade Ross sold 1,588 shares of Bandwidth stock in a transaction dated 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 directly owned 47,996 shares in the company, valued at $2,824,564.60. The trade was a 3.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Devin M. Krupka sold 1,198 shares of the business’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 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. The trade was a 4.35% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 127,269 shares of company stock worth $7,192,523. 5.26% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Bandwidth

Institutional investors and hedge funds have recently modified their holdings of the business. Empowered Funds LLC boosted its holdings in Bandwidth by 9.9% in the first quarter. Empowered Funds LLC now owns 154,432 shares of the company’s stock worth $2,752,000 after purchasing an additional 13,961 shares in the last quarter. Quantinno Capital Management LP increased its position in Bandwidth by 248.2% in the 1st quarter. Quantinno Capital Management LP now owns 76,836 shares of the company’s stock worth $1,369,000 after buying an additional 54,771 shares during the period. Renaissance Technologies LLC raised its stake in Bandwidth by 4.2% during 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 during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Bandwidth by 299.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 688,430 shares of the company’s stock valued at $12,268,000 after buying an additional 516,117 shares during the period. Finally, Walleye Capital LLC acquired a new stake in shares of Bandwidth during the 1st quarter worth approximately $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.