Analysts Issue Forecasts for Bandwidth FY2027 Earnings

Bandwidth Inc. (NASDAQ:BAND - Free Report) - Equities research analysts at Zacks Research issued their FY2027 earnings per share estimates for shares of Bandwidth in a research note issued on Tuesday, March 11th. Zacks Research analyst R. Department forecasts that the company will post earnings per share of $0.55 for the year. The consensus estimate for Bandwidth's current full-year earnings is $0.22 per share.

Several other research firms have also recently issued reports on BAND. Morgan Stanley lifted their price objective on Bandwidth from $17.00 to $18.00 and gave the stock an "underweight" rating in a report on Wednesday, December 18th. Needham & Company LLC restated a "hold" rating on shares of Bandwidth in a report on Friday, February 21st. William Blair restated an "outperform" rating on shares of Bandwidth in a report on Friday, February 21st. Finally, Barclays lowered their target price on Bandwidth from $25.00 to $22.00 and set an "overweight" rating on the stock in a report on Friday, February 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Bandwidth has a consensus rating of "Moderate Buy" and an average price target of $28.33.

Bandwidth Price Performance

BAND stock traded up $0.18 during trading on Thursday, hitting $15.03. The stock had a trading volume of 194,503 shares, compared to its average volume of 277,393. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.34 and a quick ratio of 1.34. Bandwidth has a twelve month low of $13.51 and a twelve month high of $25.02. The stock has a market capitalization of $430.22 million, a P/E ratio of -26.37 and a beta of 1.57. The company's 50-day moving average price is $16.75 and its two-hundred day moving average price is $17.76.

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Bandwidth (NASDAQ:BAND - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.36). Bandwidth had a positive return on equity of 0.53% and a negative net margin of 0.87%. The firm had revenue of $209.97 million during the quarter, compared to analyst estimates of $203.68 million. During the same quarter in the previous year, the firm posted $0.38 earnings per share.

Institutional Trading of Bandwidth

A number of large investors have recently modified their holdings of BAND. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Bandwidth by 61.8% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 524,586 shares of the company's stock worth $8,928,000 after acquiring an additional 200,387 shares during the period. FMR LLC increased its holdings in Bandwidth by 70.3% in the third quarter. FMR LLC now owns 371,215 shares of the company's stock valued at $6,500,000 after buying an additional 153,223 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Bandwidth by 88.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 285,559 shares of the company's stock valued at $4,860,000 after buying an additional 133,715 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Bandwidth by 9.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,249,120 shares of the company's stock valued at $21,260,000 after buying an additional 112,269 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in Bandwidth by 213.5% in the fourth quarter. Millennium Management LLC now owns 136,442 shares of the company's stock valued at $2,322,000 after buying an additional 92,915 shares during the last quarter. Hedge funds and other institutional investors own 68.53% of the company's stock.

Insider Activity

In other Bandwidth news, General Counsel Richard Brandon Asbill sold 5,629 shares of the business'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 owns 57,475 shares of the company's stock, valued at $902,357.50. The trade was a 8.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO David A. Morken sold 2,777 shares of the business's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $17.39, for a total value of $48,292.03. Following the completion of the sale, the chief executive officer now directly owns 109,783 shares in the company, valued at approximately $1,909,126.37. The trade was a 2.47 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 70,510 shares of company stock valued at $1,109,806. 6.20% of the stock is currently owned by company insiders.

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.