Bandwidth (NASDAQ:BAND) Stock Price Up 4.1% – Here’s What Happened

Bandwidth Inc. (NASDAQ:BAND)’s stock price shot up 4.1% on Tuesday . The stock traded as high as $53.18 and last traded at $50.9550. Approximately 241,686 shares traded hands during trading, a decline of 72% from the average daily volume of 872,348 shares. The stock had previously closed at $48.97.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Piper Sandler increased their target price on shares of Bandwidth from $38.00 to $52.00 and gave the company a “neutral” rating in a research note on Wednesday, August 19th. Citizens Jmp raised their price objective on shares of Bandwidth from $70.00 to $86.00 and gave the stock a “market outperform” rating in a research note on Monday, July 20th. Wall Street Zen lowered Bandwidth from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 28th. Bank of America initiated coverage on Bandwidth in a research note on Wednesday. They set a “neutral” rating and a $60.00 target price on the stock. Finally, Needham & Company LLC reissued a “buy” rating on shares of Bandwidth in a research note on Thursday, August 20th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Bandwidth presently has an average rating of “Moderate Buy” and a consensus price target of $59.83.

Bandwidth Stock Down 2.3%

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 company has a fifty day simple moving average of $53.61 and a two-hundred day simple moving average of $44.07. The firm has a market capitalization of $1.57 billion, a PE ratio of -168.72 and a beta of 3.03.

Bandwidth (NASDAQ:BAND) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.37 EPS 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 firm had revenue of $219.90 million for the quarter, compared to analyst estimates of $217.62 million. The business’s quarterly revenue 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. Analysts forecast that Bandwidth Inc. will post 0.65 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO David A. Morken sold 5,128 shares of Bandwidth stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $49.15, for a total transaction of $252,041.20. Following the transaction, the chief executive officer directly owned 6,702 shares of the company’s stock, valued at $329,403.30. This trade represents a 43.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Rebecca Bottorff sold 2,713 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $49.15, for a total transaction of $133,343.95. Following the completion of the transaction, the insider directly owned 10,704 shares of the company’s stock, valued at $526,101.60. This trade represents a 20.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 23,550 shares of company stock worth $1,154,782. 5.26% of the stock is owned by corporate insiders.

Institutional Trading of Bandwidth

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its position in shares of Bandwidth by 6.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,551,508 shares of the company’s stock worth $27,647,000 after acquiring an additional 91,812 shares in the last quarter. Wellington Management Group LLP grew its stake in 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 purchasing an additional 530,182 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Bandwidth by 299.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 688,430 shares of the company’s stock worth $12,268,000 after purchasing an additional 516,117 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Bandwidth by 4.2% in the first quarter. Renaissance Technologies LLC now owns 644,981 shares of the company’s stock worth $11,494,000 after purchasing an additional 26,081 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Bandwidth by 51.1% during the first quarter. Assenagon Asset Management S.A. now owns 491,873 shares of the company’s stock valued at $8,765,000 after buying an additional 166,423 shares during the last quarter. Institutional investors own 68.53% of the company’s stock.

Bandwidth Company Profile

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.