Morgan Stanley assumed coverage on shares of Bandwidth (NASDAQ:BAND) in a research note issued to investors on Tuesday morning. The brokerage issued an overweight rating and a $28.00 target price on the stock.

BAND has been the subject of several other research reports. Robert W. Baird began coverage on Bandwidth in a research report on Tuesday. They issued an outperform rating and a $28.00 price target for the company. Canaccord Genuity began coverage on Bandwidth in a research report on Tuesday. They set a buy rating and a $28.00 target price for the company. KeyCorp began coverage on Bandwidth in a research report on Tuesday. They set an overweight rating and a $29.00 target price for the company. Finally, JMP Securities initiated coverage on Bandwidth in a research report on Tuesday. They set an outperform rating and a $36.00 target price for the company. Five analysts have rated the stock with a buy rating, The company presently has a consensus rating of Buy and an average target price of $29.80.

Bandwidth (BAND) traded up $0.33 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 12 month low of $18.05 and a 12 month high of $24.15.

In other Bandwidth news, major shareholder James A. Bowen sold 158,526 shares of the company’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $18.60, for a total value of $2,948,583.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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Bandwidth Company Profile

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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