Analysts at JMP Securities assumed coverage on shares of Bandwidth (NASDAQ:BAND) in a report issued on Tuesday. The firm set an “outperform” rating on the stock.
Several other analysts have also recently commented on the stock. KeyCorp initiated coverage on shares of Bandwidth in a research note on Tuesday. They issued an “overweight” rating on the stock. Robert W. Baird initiated coverage on shares of Bandwidth in a research note on Tuesday. They issued an “outperform” rating and a $28.00 price target on the stock.
Shares of Bandwidth (NASDAQ:BAND) opened at $22.37 on Tuesday. Bandwidth has a one year low of $18.05 and a one year high of $23.82.
In other news, major shareholder James A. Bowen sold 158,526 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $18.60, for a total transaction of $2,948,583.60. The sale was disclosed in a legal filing with the SEC, which is available through this link.
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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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