Zacks Research Weighs in on Bandwidth FY2027 Earnings

Bandwidth Inc. (NASDAQ:BAND) – Research analysts at Zacks Research issued their FY2027 earnings estimates for shares of Bandwidth in a note issued to investors on Tuesday, March 11th. Zacks Research analyst R. Department expects 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.

Bandwidth (NASDAQ:BAND) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $209.97 million during the quarter, compared to the consensus estimate of $203.68 million. During the same period in the previous year, the business posted $0.38 EPS.

BAND has been the subject of a number of other research reports. Morgan Stanley increased their price target on shares of Bandwidth from $17.00 to $18.00 and gave the company an “underweight” rating in a report on Wednesday, December 18th. William Blair reissued an “outperform” rating on shares of Bandwidth in a research report on Friday, February 21st. Needham & Company LLC reissued a “hold” rating on shares of Bandwidth in a research report on Friday, February 21st. Finally, Barclays reduced their price objective 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $28.33.

Bandwidth Stock Down 3.0 %

Shares of NASDAQ:BAND opened at $14.45 on Thursday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.90. Bandwidth has a 12 month low of $13.51 and a 12 month high of $25.02. The company has a 50-day moving average price of $16.84 and a 200 day moving average price of $17.79. The company has a market cap of $413.62 million, a price-to-earnings ratio of -25.35 and a beta of 1.57.

Insider Transactions at Bandwidth

In other news, General Counsel Richard Brandon Asbill sold 9,878 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $15.24, for a total transaction of $150,540.72. Following the transaction, the general counsel now directly owns 42,475 shares of the company’s stock, valued at approximately $647,319. This trade represents a 18.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO David A. Morken sold 13,653 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 transaction of $214,352.10. Following the transaction, the chief executive officer now directly owns 142,439 shares in the company, valued at approximately $2,236,292.30. This trade represents a 8.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, 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.

Hedge Funds Weigh In On Bandwidth

Several institutional investors have recently bought and sold shares of BAND. Los Angeles Capital Management LLC increased its holdings in Bandwidth by 3.6% during the third quarter. Los Angeles Capital Management LLC now owns 21,221 shares of the company’s stock valued at $372,000 after buying an additional 740 shares during the period. GSA Capital Partners LLP increased its holdings in Bandwidth by 32.0% during the third quarter. GSA Capital Partners LLP now owns 69,986 shares of the company’s stock valued at $1,225,000 after buying an additional 16,968 shares during the period. Thrivent Financial for Lutherans increased its holdings in Bandwidth by 27.8% during the third quarter. Thrivent Financial for Lutherans now owns 75,575 shares of the company’s stock valued at $1,323,000 after buying an additional 16,450 shares during the period. Quest Partners LLC purchased a new position in Bandwidth during the third quarter valued at approximately $118,000. Finally, Meeder Asset Management Inc. purchased a new position in Bandwidth during the third quarter valued at approximately $74,000. 68.53% of the stock is owned by hedge funds and other institutional investors.

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.