Bandwidth (NASDAQ:BAND) Reaches New 52-Week High - Here's Why

Bandwidth Inc. (NASDAQ:BAND - Get Free Report)'s stock price hit a new 52-week high on Wednesday . The company traded as high as $48.90 and last traded at $47.33, with a volume of 1776648 shares traded. The stock had previously closed at $45.02.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Weiss Ratings restated a "sell (d-)" rating on shares of Bandwidth in a research report on Monday, April 20th. Wall Street Zen upgraded shares of Bandwidth from a "hold" rating to a "strong-buy" rating in a research report on Saturday. Needham & Company LLC upped their price objective on shares of Bandwidth from $20.00 to $45.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. Citigroup restated an "outperform" rating on shares of Bandwidth in a research report on Thursday, April 30th. Finally, B. Riley Financial upped their price objective on shares of Bandwidth from $20.00 to $27.00 and gave the stock a "buy" rating in a research report on Friday, April 17th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $31.00.

Bandwidth Stock Performance

The stock's 50-day simple moving average is $18.79 and its 200 day simple moving average is $16.04. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market cap of $1.49 billion, a PE ratio of -124.55 and a beta of 2.72.

Bandwidth (NASDAQ:BAND - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.06. The business had revenue of $208.78 million during the quarter, compared to the consensus estimate of $201.58 million. Bandwidth had a negative net margin of 0.64% and a positive return on equity of 1.47%. Bandwidth has set its FY 2026 guidance at 1.770-1.830 EPS and its Q2 2026 guidance at 0.350-0.370 EPS. As a group, equities analysts anticipate that Bandwidth Inc. will post 0.38 EPS for the current year.

Insider Activity

In other news, insider Kade Ross sold 10,000 shares of the stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $31.59, for a total value of $315,900.00. Following the completion of the transaction, the insider owned 63,894 shares in the company, valued at $2,018,411.46. This trade represents a 13.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Rebecca Bottorff sold 9,425 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $45.30, for a total transaction of $426,952.50. Following the completion of the sale, the insider directly owned 50,535 shares in the company, valued at approximately $2,289,235.50. The trade was a 15.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 52,551 shares of company stock worth $1,250,804 in the last 90 days. 5.26% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Bandwidth

Large investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP acquired a new stake in Bandwidth in the 3rd quarter valued at about $1,100,000. Portolan Capital Management LLC grew its stake in Bandwidth by 115.8% in the 3rd quarter. Portolan Capital Management LLC now owns 745,802 shares of the company's stock valued at $12,433,000 after acquiring an additional 400,231 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Bandwidth in the 3rd quarter valued at about $271,000. IMC Chicago LLC acquired a new stake in Bandwidth in the 1st quarter valued at about $218,000. Finally, Hsbc Holdings PLC grew its stake in Bandwidth by 8.3% in the 4th quarter. Hsbc Holdings PLC now owns 61,239 shares of the company's stock valued at $950,000 after acquiring an additional 4,686 shares during the last quarter. 68.53% of the stock is owned by institutional investors and hedge funds.

Bandwidth Company Profile

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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