Bandwidth Inc. (NASDAQ:BAND) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Bandwidth Inc. (NASDAQ:BAND) have earned an average rating of “Moderate Buy” from the ten analysts that are presently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $25.38.

Several brokerages have recently issued reports on BAND. Canaccord Genuity Group lifted their target price on shares of Bandwidth from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. JMP Securities lifted their target price on shares of Bandwidth from $32.00 to $36.00 and gave the company a “market outperform” rating in a research report on Wednesday, May 8th. Robert W. Baird lifted their target price on shares of Bandwidth from $21.00 to $25.00 and gave the company a “neutral” rating in a research report on Wednesday, May 8th. KeyCorp lifted their target price on shares of Bandwidth from $21.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday, May 8th. Finally, Barclays lifted their target price on shares of Bandwidth from $22.00 to $28.00 and gave the company an “overweight” rating in a research report on Wednesday, May 8th.

Bandwidth Stock Down 0.1 %

BAND opened at $20.87 on Friday. Bandwidth has a fifty-two week low of $9.34 and a fifty-two week high of $25.02. The company has a debt-to-equity ratio of 1.41, a quick ratio of 2.36 and a current ratio of 2.36. The company has a fifty day moving average of $19.15 and a two-hundred day moving average of $15.89. The stock has a market capitalization of $563.70 million, a price-to-earnings ratio of -18.63 and a beta of 1.44.

Bandwidth (NASDAQ:BAND) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.08). Bandwidth had a negative net margin of 4.60% and a negative return on equity of 2.49%. On average, research analysts expect that Bandwidth will post 0.22 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Devin M. Krupka sold 2,500 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $21.61, for a total transaction of $54,025.00. Following the transaction, the insider now directly owns 7,262 shares in the company, valued at $156,931.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Bandwidth news, COO Anthony Bartolo sold 7,798 shares of Bandwidth stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $18.75, for a total transaction of $146,212.50. Following the transaction, the chief operating officer now directly owns 76,469 shares of the company’s stock, valued at $1,433,793.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Devin M. Krupka sold 2,500 shares of Bandwidth stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $21.61, for a total transaction of $54,025.00. Following the transaction, the insider now directly owns 7,262 shares in the company, valued at $156,931.82. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,124 shares of company stock worth $295,098. 6.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Bandwidth

A number of institutional investors have recently bought and sold shares of BAND. Raymond James & Associates purchased a new position in Bandwidth during the third quarter worth about $115,000. Hussman Strategic Advisors Inc. purchased a new stake in shares of Bandwidth in the 3rd quarter valued at approximately $355,000. Swiss National Bank raised its stake in shares of Bandwidth by 3.0% in the 3rd quarter. Swiss National Bank now owns 51,900 shares of the company’s stock valued at $585,000 after acquiring an additional 1,500 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Bandwidth in the 3rd quarter valued at approximately $388,000. Finally, Headlands Technologies LLC raised its stake in shares of Bandwidth by 21.3% in the 3rd quarter. Headlands Technologies LLC now owns 9,315 shares of the company’s stock valued at $105,000 after acquiring an additional 1,636 shares during the period. 68.53% of the stock is owned by hedge funds and other institutional investors.

Bandwidth Company Profile

Bandwidth is a leading enterprise cloud communications company. Companies like Cisco, Google, Microsoft, RingCentral, Uber, and Zoom use Bandwidth’s APIs to easily embed voice, messaging, and emergency services into software and applications. Bandwidth is the first and only CPaaS provider offering a robust selection of communications APIs built around their own IP voice network.