Bandwidth Inc. (NASDAQ:BAND) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts give Bandwidth an average recommendation of "Moderate Buy" from six covering firms (4 buys, 1 hold, 1 sell) with an average 12‑month price target of $24.75.
• CFO Daryl E. Raiford sold 17,026 shares on March 12 at about $15.47, cutting his position by 24.4%; corporate insiders hold 6.50% of the stock.
• Bandwidth has a market capitalization of about $720.4 million, a 12‑month trading range of $11.93–$25.69, and a negative trailing P/E of -53.37, indicating the company is currently unprofitable.

Shares of Bandwidth Inc. (NASDAQ:BAND - Get Free Report) have received an average recommendation of "Moderate Buy" from the six analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $24.75.

Several equities research analysts recently issued reports on the stock. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Bandwidth in a research note on Monday. Wall Street Zen downgraded shares of Bandwidth from a "buy" rating to a "hold" rating in a research note on Sunday, April 19th. Finally, B. Riley Financial lifted their price target on shares of Bandwidth from $20.00 to $27.00 and gave the stock a "buy" rating in a research note on Friday, April 17th.

Insiders Place Their Bets

In other Bandwidth news, CFO Daryl E. Raiford sold 17,026 shares of the firm's stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $15.47, for a total transaction of $263,392.22. Following the completion of the transaction, the chief financial officer directly owned 52,745 shares of the company's stock, valued at $815,965.15. This trade represents a 24.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BAND. Tower Research Capital LLC TRC grew its holdings in Bandwidth by 183.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,776 shares of the company's stock worth $60,000 after acquiring an additional 2,445 shares in the last quarter. State of Wyoming acquired a new position in Bandwidth during the 3rd quarter worth $71,000. Raymond James Financial Inc. acquired a new position in Bandwidth during the 2nd quarter worth $85,000. Harbor Capital Advisors Inc. grew its holdings in Bandwidth by 30.3% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 7,509 shares of the company's stock worth $125,000 after acquiring an additional 1,748 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in Bandwidth during the 2nd quarter worth $128,000. 68.53% of the stock is owned by institutional investors and hedge funds.

Bandwidth Stock Performance

Bandwidth stock opened at $22.95 on Friday. Bandwidth has a 12-month low of $11.93 and a 12-month high of $25.69. The company has a market capitalization of $720.40 million, a price-to-earnings ratio of -53.37 and a beta of 2.03. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.42 and a quick ratio of 1.42. The firm's fifty day moving average price is $16.81 and its 200 day moving average price is $15.43.

About Bandwidth

Bandwidth Inc operates a cloud-based communications platform that provides voice, messaging and emergency services APIs for enterprises and developers. Through its proprietary network and software-as-a-service model, the company enables customers to integrate programmable voice calls, text messaging and 9-1-1 routing into their applications. Bandwidth's solutions aim to reduce complexity and improve reliability in mission-critical communications, serving industries such as healthcare, financial services, on-demand mobility and customer engagement.

Founded in 1999 in Raleigh, North Carolina by co-founders David Morken and Henry Kaestner, Bandwidth initially focused on voice-over-IP infrastructure before evolving into a full communications API provider.

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