Bandwidth (NASDAQ:BAND) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of Bandwidth (NASDAQ:BAND) from a buy rating to a hold rating in a research report report published on Saturday morning,Wall Street Zen reports.

A number of other equities analysts have also weighed in on the company. Citizens Jmp boosted their price objective on Bandwidth from $70.00 to $86.00 and gave the stock a “market outperform” rating in a research note on Monday, July 20th. Citigroup reaffirmed a “market outperform” rating on shares of Bandwidth in a research note on Monday, July 20th. Bank of America began coverage on Bandwidth in a report on Wednesday. They set a “neutral” rating and a $60.00 price target on the stock. B. Riley Financial boosted their price target on shares of Bandwidth from $55.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Finally, Piper Sandler upped their price objective on shares of Bandwidth from $38.00 to $52.00 and gave the company a “neutral” rating in a report on Wednesday, August 19th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Bandwidth has an average rating of “Moderate Buy” and an average price target of $59.83.

Bandwidth Price Performance

NASDAQ:BAND opened at $50.23 on Friday. The stock has a 50 day moving average of $52.55 and a two-hundred day moving average of $44.36. Bandwidth has a 12 month low of $12.50 and a 12 month high of $79.08. The firm has a market cap of $1.62 billion, a P/E ratio of -173.21, a price-to-earnings-growth ratio of 4.39 and a beta of 3.03. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.87.

Bandwidth (NASDAQ:BAND) last released its earnings results on Wednesday, July 29th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.01. Bandwidth had a return on equity of 1.85% and a net margin of 0.27%.The business had revenue of $219.90 million for the quarter, compared to the consensus estimate of $217.62 million. The company’s revenue for the quarter was up 22.2% on a year-over-year basis. Bandwidth has set its Q3 2026 guidance at 0.450-0.490 EPS and its FY 2026 guidance at 1.710-1.790 EPS. On average, analysts expect that Bandwidth will post 0.65 earnings per share for the current fiscal year.

Insider Transactions at Bandwidth

In other news, insider Kade Ross sold 1,616 shares of the firm’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $49.15, for a total value of $79,426.40. Following the completion of the sale, the insider owned 48,071 shares in the company, valued at approximately $2,362,689.65. This trade represents a 3.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David A. Morken sold 5,128 shares of the business’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 transaction, the chief executive officer owned 6,702 shares in the company, valued at approximately $329,403.30. This trade represents a 43.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 23,550 shares of company stock valued at $1,154,782 over the last quarter. 5.26% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. UBS Group AG increased its position in Bandwidth by 189.2% during the fourth quarter. UBS Group AG now owns 205,300 shares of the company’s stock worth $3,172,000 after buying an additional 134,309 shares in the last quarter. Bastion Asset Management Inc. purchased a new stake in shares of Bandwidth in the first quarter valued at $6,592,000. Walleye Capital LLC acquired a new stake in shares of Bandwidth during the first quarter valued at $1,069,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Bandwidth by 299.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 688,430 shares of the company’s stock valued at $12,268,000 after acquiring an additional 516,117 shares during the last quarter. Finally, Tidal Investments LLC purchased a new stake in Bandwidth during the 2nd quarter worth about $1,451,000. 68.53% of the stock is owned by hedge funds and other institutional investors.

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.