Bandwidth’s (NASDAQ:BAND) quiet period is set to expire on Wednesday, December 20th. Bandwidth had issued 4,000,000 shares in its IPO on November 10th. The total size of the offering was $80,000,000 based on an initial share price of $20.00. During Bandwidth’s quiet period, insiders and underwriters that worked on the IPO are restricted from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

BAND has been the topic of a number of recent research reports. JMP Securities initiated coverage on Bandwidth in a report on Tuesday, December 5th. They issued an “outperform” rating and a $36.00 target price on the stock. Morgan Stanley initiated coverage on Bandwidth in a report on Tuesday, December 5th. They issued an “overweight” rating and a $28.00 target price on the stock. KeyCorp initiated coverage on Bandwidth in a report on Tuesday, December 5th. They issued an “overweight” rating and a $29.00 target price on the stock. Canaccord Genuity initiated coverage on Bandwidth in a report on Tuesday, December 5th. They issued a “buy” rating and a $28.00 target price on the stock. Finally, Robert W. Baird initiated coverage on Bandwidth in a report on Tuesday, December 5th. They issued an “outperform” rating and a $28.00 target price on the stock. Five equities research analysts have rated the stock with a buy rating, Bandwidth presently has a consensus rating of “Buy” and an average price target of $29.80.

Shares of Bandwidth (NASDAQ BAND) opened at $22.12 on Friday. Bandwidth has a 12 month low of $18.05 and a 12 month high of $24.99.

In other Bandwidth news, major shareholder James A. Bowen sold 158,526 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $18.60, for a total value of $2,948,583.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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Bandwidth Company Profile

Bandwidth Inc, formerly Bandwidth.com, Inc, is a cloud-based communications platform-as-a-service provider (CPaaS) that enables enterprises to create, scale and operate voice or text communications services across any mobile application or connected device or enterprises. The Company has two operating and reportable segments, CPaaS and Other.

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