Bandwidth (NASDAQ:BAND) Earns Neutral Rating from Analysts at Bank of America

Bank of America assumed coverage on shares of Bandwidth (NASDAQ:BAND) in a research report report published on Wednesday, Marketbeat reports. The firm issued a neutral rating and a $60.00 price target on the stock.

Other equities research analysts also recently issued research reports about the company. Piper Sandler upped their price target on Bandwidth from $38.00 to $52.00 and gave the stock a “neutral” rating in a report on Wednesday, August 19th. Needham & Company LLC restated a “buy” rating on shares of Bandwidth in a research note on Thursday, August 20th. Citizens Jmp lifted their price objective on shares of Bandwidth from $70.00 to $86.00 and gave the stock a “market outperform” rating in a report on Monday, July 20th. Citigroup reiterated a “market outperform” rating on shares of Bandwidth in a research note on Monday, July 20th. Finally, Weiss Ratings lowered shares of Bandwidth from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, August 27th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $59.83.

Bandwidth Price Performance

Shares of NASDAQ BAND opened at $50.23 on Wednesday. Bandwidth has a fifty-two week low of $12.50 and a fifty-two week high of $79.08. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of -173.21, a PEG ratio of 4.41 and a beta of 3.03. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.04 and a current ratio of 2.04. The firm’s 50-day simple moving average is $52.55 and its 200 day simple moving average is $44.36.

Bandwidth (NASDAQ:BAND) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The firm had revenue of $219.90 million during the quarter, compared to analyst estimates of $217.62 million. Bandwidth had a return on equity of 1.85% and a net margin of 0.27%.The firm’s quarterly revenue was up 22.2% compared to the same quarter last year. Bandwidth has set its Q3 2026 guidance at 0.450-0.490 EPS and its FY 2026 guidance at 1.710-1.790 EPS. As a group, research analysts anticipate that Bandwidth will post 0.65 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Rebecca Bottorff sold 2,713 shares of the stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $49.15, for a total transaction of $133,343.95. Following the completion of the transaction, the insider owned 10,704 shares in the company, valued at approximately $526,101.60. This represents a 20.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David A. Morken sold 5,128 shares of the firm’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $49.15, for a total transaction of $252,041.20. Following the sale, the chief executive officer owned 6,702 shares of the company’s stock, valued at $329,403.30. This trade represents a 43.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 23,550 shares of company stock worth $1,154,782. 5.26% of the stock is owned by insiders.

Institutional Investors Weigh In On Bandwidth

A number of hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP raised its stake in shares of Bandwidth by 138.9% in the second quarter. Wellington Management Group LLP now owns 911,893 shares of the company’s stock valued at $57,723,000 after buying an additional 530,182 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in Bandwidth by 299.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 688,430 shares of the company’s stock worth $12,268,000 after acquiring an additional 516,117 shares during the last quarter. Bastion Asset Management Inc. purchased a new stake in Bandwidth in the 1st quarter worth about $6,592,000. Assenagon Asset Management S.A. raised its stake in Bandwidth by 51.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 491,873 shares of the company’s stock valued at $8,765,000 after acquiring an additional 166,423 shares during the period. Finally, UBS Group AG lifted its holdings in Bandwidth by 189.2% during the fourth quarter. UBS Group AG now owns 205,300 shares of the company’s stock valued at $3,172,000 after purchasing an additional 134,309 shares during the last quarter. Institutional investors own 68.53% of the company’s stock.

About Bandwidth

Bandwidth Inc is a cloud communications company that provides application programming interfaces (APIs) and communications services for businesses, software developers and service providers. Its platform enables organizations to integrate voice calling, text messaging and other communications capabilities into applications, websites and business workflows.

The company’s offerings include voice and messaging APIs, toll-free and local telephone numbers, emergency communications and 911 access, authentication and related communications tools.