Bandwidth (BAND) Now Covered by Analysts at JMP Securities

JMP Securities assumed coverage on shares of Bandwidth (NASDAQ:BAND) in a report released on Tuesday, December 5th, Marketbeat Ratings reports. The firm issued an outperform rating and a $36.00 price objective on the stock.

Several other research firms have also recently weighed in on BAND. KeyCorp assumed coverage on Bandwidth in a research note on Tuesday, December 5th. They issued an overweight rating and a $29.00 price target for the company. Robert W. Baird assumed coverage on Bandwidth in a report on Tuesday, December 5th. They issued an outperform rating and a $28.00 price objective for the company. Five investment analysts have rated the stock with a buy rating, Bandwidth currently has an average rating of Buy and an average price target of $29.80.

Bandwidth (BAND) traded down $1.26 during mid-day trading on Tuesday, hitting $23.12. The stock had a trading volume of 193,403 shares, compared to its average volume of 130,595. Bandwidth has a 52-week low of $18.05 and a 52-week high of $24.99. The company has a debt-to-equity ratio of -2.45, a current ratio of 1.17 and a quick ratio of 1.17.

In other news, major shareholder James A. Bowen sold 158,526 shares of the business’s stock in a transaction dated 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 filing with the SEC, which can be accessed through this hyperlink.

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About Bandwidth

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.

Analyst Recommendations for Bandwidth (NASDAQ:BAND)

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