Analysts Set Bandwidth Inc. (NASDAQ:BAND) Target Price at $28.33

Bandwidth Inc. (NASDAQ:BAND - Get Free Report) has earned an average recommendation of "Moderate Buy" from the eight ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $27.17.

A number of analysts have issued reports on BAND shares. Morgan Stanley reduced their price objective on Bandwidth from $18.00 to $11.00 and set an "underweight" rating on the stock in a research note on Wednesday. Barclays reduced their price target on shares of Bandwidth from $25.00 to $22.00 and set an "overweight" rating on the stock in a research report on Friday, February 21st. William Blair reiterated an "outperform" rating on shares of Bandwidth in a research report on Friday, February 21st. Finally, Needham & Company LLC reissued a "hold" rating on shares of Bandwidth in a research note on Friday, February 21st.

Bandwidth Price Performance

Shares of NASDAQ:BAND traded down $0.32 during midday trading on Monday, reaching $11.82. 214,256 shares of the company were exchanged, compared to its average volume of 288,515. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.90. The stock has a market cap of $338.34 million, a PE ratio of -20.74 and a beta of 1.89. The business's fifty day moving average is $14.92 and its two-hundred day moving average is $17.08. Bandwidth has a one year low of $11.47 and a one year high of $25.02.

Bandwidth (NASDAQ:BAND - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.36). Bandwidth had a negative net margin of 0.87% and a positive return on equity of 0.53%. The company had revenue of $209.97 million for the quarter, compared to the consensus estimate of $203.68 million. During the same period last year, the company earned $0.38 EPS. As a group, analysts predict that Bandwidth will post 0.22 earnings per share for the current year.

Insider Buying and Selling at Bandwidth

In other Bandwidth news, insider Devin M. Krupka sold 3,770 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $15.70, for a total value of $59,189.00. Following the completion of the sale, the insider now owns 19,188 shares of the company's stock, valued at $301,251.60. This trade represents a 16.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Richard Brandon Asbill sold 5,629 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $15.70, for a total value of $88,375.30. Following the sale, the general counsel now directly owns 57,475 shares of the company's stock, valued at $902,357.50. This represents a 8.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 64,220 shares of company stock worth $1,000,954 over the last quarter. Insiders own 6.20% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Bandwidth by 4.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,185 shares of the company's stock valued at $241,000 after buying an additional 608 shares during the period. Dynamic Technology Lab Private Ltd raised its stake in shares of Bandwidth by 1.6% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 43,366 shares of the company's stock valued at $738,000 after acquiring an additional 699 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Bandwidth by 3.7% in the first quarter. Rhumbline Advisers now owns 35,603 shares of the company's stock valued at $466,000 after purchasing an additional 1,255 shares during the period. SG Americas Securities LLC grew its stake in Bandwidth by 14.5% in the fourth quarter. SG Americas Securities LLC now owns 11,102 shares of the company's stock worth $189,000 after purchasing an additional 1,407 shares in the last quarter. Finally, Covestor Ltd bought a new position in Bandwidth in the fourth quarter worth approximately $25,000. 68.53% of the stock is currently owned by institutional investors.

Bandwidth Company Profile

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.