Shares of Bandwidth Inc. (NASDAQ:BAND – Get Rating) have earned a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are currently covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $84.69.
Several research analysts have commented on BAND shares. Canaccord Genuity Group reduced their price objective on Bandwidth from $86.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, May 5th. Barclays reduced their price objective on Bandwidth from $80.00 to $45.00 and set an “overweight” rating on the stock in a report on Tuesday, April 26th. JMP Securities reduced their price objective on Bandwidth from $206.00 to $100.00 and set an “outperform” rating on the stock in a report on Thursday, February 24th. Piper Sandler reduced their price objective on Bandwidth from $102.00 to $51.00 and set an “overweight” rating on the stock in a report on Thursday, February 24th. Finally, Needham & Company LLC downgraded Bandwidth from a “buy” rating to a “hold” rating in a report on Friday, May 6th.
In related news, COO Anthony Bartolo bought 10,000 shares of the company’s stock in a transaction on Monday, June 13th. The shares were acquired at an average price of $15.88 per share, with a total value of $158,800.00. Following the transaction, the chief operating officer now owns 22,000 shares of the company’s stock, valued at $349,360. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.79% of the stock is currently owned by company insiders.
Shares of NASDAQ BAND opened at $21.21 on Friday. The company has a debt-to-equity ratio of 2.53, a quick ratio of 4.36 and a current ratio of 4.36. The business’s 50 day moving average price is $21.54 and its 200-day moving average price is $40.85. Bandwidth has a fifty-two week low of $15.00 and a fifty-two week high of $145.97. The company has a market cap of $536.13 million, a price-to-earnings ratio of -18.28 and a beta of 0.92.
Bandwidth (NASDAQ:BAND – Get Rating) last issued its quarterly earnings results on Wednesday, May 4th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.17. Bandwidth had a positive return on equity of 1.61% and a negative net margin of 5.67%. The firm had revenue of $131.00 million for the quarter, compared to the consensus estimate of $125.79 million. During the same period in the prior year, the business posted $0.17 earnings per share. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. Sell-side analysts predict that Bandwidth will post -0.58 earnings per share for the current year.
Bandwidth Company Profile (Get Rating)
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.
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