JMP Securities began coverage on shares of Bandwidth (NASDAQ:BAND) in a research note issued to investors on Tuesday. The firm issued an outperform rating and a $36.00 target price on the stock.

Other equities analysts also recently issued reports about the company. KeyCorp began coverage on Bandwidth in a research report on Tuesday. They set an overweight rating and a $29.00 target price on the stock. Robert W. Baird began coverage on Bandwidth in a research report on Tuesday. They set an outperform rating and a $28.00 target price on the stock. Five investment analysts have rated the stock with a buy rating, The stock currently has a consensus rating of Buy and a consensus price target of $29.80.

Bandwidth (NASDAQ:BAND) traded up $0.33 during midday trading on Tuesday, reaching $22.70. The company had a trading volume of 294,600 shares, compared to its average volume of 163,900. Bandwidth has a 1 year low of $18.05 and a 1 year high of $24.15.

In other news, major shareholder James A. Bowen sold 158,526 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $18.60, for a total value of $2,948,583.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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About Bandwidth

Bandwidth Inc, formerly Bandwidth.com, Inc, is a cloud-based communications platform-as-a-service provider (CPaaS) that enables enterprises to create, scale and operate voice or text communications services across any mobile application or connected device or enterprises. The Company has two operating and reportable segments, CPaaS and Other.

Analyst Recommendations for Bandwidth (NASDAQ:BAND)

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