Nuveen LLC Purchases Shares of 604,294 Bandwidth Inc. $BAND

Key Points

• Nuveen LLC has acquired a new position in Bandwidth Inc., purchasing 604,294 shares valued at approximately $7.92 million, totaling around 2.11% ownership of the company.
• Bandwidth's stock saw recent analyst ratings, with Needham & Company maintaining a "buy" rating and setting a price target of $20.00, while Robert W. Baird lowered their target to $15.00.
• Following its latest earnings report, Bandwidth reported earnings per share of $0.38, exceeding analyst expectations and showing a revenue increase of 3.4% year-over-year.

Nuveen LLC purchased a new stake in shares of Bandwidth Inc. (NASDAQ:BAND - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 604,294 shares of the company's stock, valued at approximately $7,916,000. Nuveen LLC owned 2.11% of Bandwidth at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Bandwidth by 4.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,185 shares of the company's stock worth $241,000 after acquiring an additional 608 shares during the period. Rhumbline Advisers grew its holdings in shares of Bandwidth by 3.7% during the 1st quarter. Rhumbline Advisers now owns 35,603 shares of the company's stock worth $466,000 after acquiring an additional 1,255 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Bandwidth by 10.7% during 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 during the period. Algert Global LLC grew its holdings in shares of Bandwidth by 10.4% during the 4th quarter. Algert Global LLC now owns 18,280 shares of the company's stock worth $311,000 after acquiring an additional 1,720 shares during the period. Finally, Parcion Private Wealth LLC grew its holdings in shares of Bandwidth by 1.0% during the 1st quarter. Parcion Private Wealth LLC now owns 234,390 shares of the company's stock worth $3,071,000 after acquiring an additional 2,253 shares during the period. Hedge funds and other institutional investors own 68.53% of the company's stock.

Bandwidth Stock Down 0.6%

BAND traded down $0.09 during trading on Friday, hitting $14.95. 115,428 shares of the company's stock traded hands, compared to its average volume of 284,056. The company's 50 day simple moving average is $14.81 and its two-hundred day simple moving average is $14.51. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.64. Bandwidth Inc. has a 12-month low of $11.33 and a 12-month high of $23.00. The stock has a market capitalization of $450.59 million, a price-to-earnings ratio of -43.97 and a beta of 1.80.

Bandwidth (NASDAQ:BAND - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $0.38 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $178.87 million. During the same period last year, the business posted $0.29 EPS. The company's revenue 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. Analysts predict that Bandwidth Inc. will post 0.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on BAND. JMP Securities reiterated a "market outperform" rating and set a $36.00 target price on shares of Bandwidth in a report on Thursday, May 15th. Robert W. Baird cut their price target on Bandwidth from $20.00 to $15.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Finally, Needham & Company LLC restated a "buy" rating and issued a $20.00 price target on shares of Bandwidth in a research note on Friday, June 13th. Four 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 company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $20.80.

Insider Buying and Selling at Bandwidth

In other Bandwidth news, CFO Daryl Raiford sold 1,849 shares of the stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $15.46, for a total transaction of $28,585.54. Following the sale, the chief financial officer directly owned 122,548 shares in the company, valued at approximately $1,894,592.08. This trade represents a 1.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Rebecca Bottorff sold 16,935 shares of the stock in a transaction on Monday, June 9th. The shares were sold at an average price of $15.14, for a total value of $256,395.90. Following the sale, the insider owned 43,285 shares in the company, valued at approximately $655,334.90. This represents a 28.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,870 shares of company stock worth $415,118. Insiders own 6.50% of the company's stock.

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.