Bandwidth Inc. (NASDAQ:BAND) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Brokerages have given Bandwidth Inc. (NASDAQ:BAND) an average rating of “Moderate Buy”, with six firms covering the stock, including one sell rating, one hold, and four buy ratings.
• In recent insider activities, General Counsel Richard Brandon Asbill and CFO Daryl Raiford sold a combined total of over 16,000 shares, representing significant decreases in their ownership of the company's stock.
• Bandwidth reported earnings of $0.38 per share for the last quarter, exceeding analysts' expectations, and its quarterly revenue rose 3.4% year-over-year.

Shares of Bandwidth Inc. (NASDAQ:BAND - Get Free Report) have received an average recommendation of "Moderate Buy" from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $20.80.

Separately, Needham & Company LLC reaffirmed a "buy" rating and issued a $20.00 price target on shares of Bandwidth in a research report on Friday, June 13th.

Insider Buying and Selling at Bandwidth

In other news, CFO Daryl Raiford sold 19,000 shares of the business's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $15.50, for a total transaction of $294,500.00. Following the completion of the transaction, the chief financial officer directly owned 109,538 shares in the company, valued at $1,697,839. The trade was a 14.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Rebecca Bottorff sold 2,257 shares of the company's stock in a transaction on Friday, August 29th. The stock was sold at an average price of $15.09, for a total transaction of $34,058.13. Following the completion of the transaction, the insider owned 42,706 shares of the company's stock, valued at $644,433.54. This trade represents a 5.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 65,911 shares of company stock valued at $1,010,613 over the last 90 days. 6.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Bandwidth

Large investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC increased its stake in Bandwidth by 53.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 21,876 shares of the company's stock worth $287,000 after buying an additional 7,661 shares during the period. CWM LLC lifted its stake in Bandwidth by 326.8% during the 1st quarter. CWM LLC now owns 7,460 shares of the company's stock valued at $98,000 after acquiring an additional 5,712 shares during the period. Two Sigma Investments LP increased its holdings in shares of Bandwidth by 8.9% during the 4th quarter. Two Sigma Investments LP now owns 108,338 shares of the company's stock valued at $1,844,000 after purchasing an additional 8,813 shares in the last quarter. Nuveen LLC purchased a new position in shares of Bandwidth during the 1st quarter valued at approximately $7,916,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in Bandwidth by 10.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,182 shares of the company's stock worth $293,000 after acquiring an additional 1,658 shares in the last quarter. Institutional investors own 68.53% of the company's stock.

Bandwidth Price Performance

Shares of BAND traded down $0.42 during trading hours on Thursday, reaching $16.52. The stock had a trading volume of 243,866 shares, compared to its average volume of 244,385. Bandwidth has a 12 month low of $11.33 and a 12 month high of $23.00. The stock has a market capitalization of $497.91 million, a PE ratio of -48.59 and a beta of 1.81. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.31 and a current ratio of 1.31. The company's 50-day moving average is $14.92 and its two-hundred day moving average is $14.30.

Bandwidth (NASDAQ:BAND - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.06. Bandwidth had a positive return on equity of 1.43% and a negative net margin of 1.32%.The business had revenue of $180.01 million during the quarter, compared to analyst estimates of $178.87 million. During the same period last year, the company earned $0.29 EPS. Bandwidth's revenue for the quarter was up 3.4% compared to the same quarter last year. Bandwidth has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Research analysts expect that Bandwidth will post 0.22 EPS for the current year.

About Bandwidth

Bandwidth is a leading enterprise cloud communications company. Companies like Cisco, Google, Microsoft, RingCentral, Uber, and Zoom use Bandwidth's APIs to easily embed voice, messaging, and emergency services into software and applications. Bandwidth is the first and only CPaaS provider offering a robust selection of communications APIs built around their own IP voice network.