Morgan Stanley Analysts Give Bandwidth (NASDAQ:BAND) a $28.00 Price Target

Bandwidth (NASDAQ:BAND) has been assigned a $28.00 price objective by equities researchers at Morgan Stanley in a research report issued on Saturday, December 16th. The firm presently has a “buy” rating on the stock. Morgan Stanley’s price objective indicates a potential upside of 21.42% from the stock’s current price.

Several other brokerages have also issued reports on BAND. Canaccord Genuity began coverage on Bandwidth in a research report on Tuesday, December 5th. They set a “buy” rating and a $28.00 target price for the company. JMP Securities began coverage on Bandwidth in a report on Tuesday, December 5th. They issued an “outperform” rating and a $36.00 price target for the company. KeyCorp began coverage on Bandwidth in a report on Tuesday, December 5th. They issued an “overweight” rating and a $29.00 price target for the company. Finally, Robert W. Baird began coverage on Bandwidth in a report on Tuesday, December 5th. They issued an “outperform” rating and a $28.00 price target for the company. Five research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average target price of $29.80.

Shares of Bandwidth (BAND) traded down $0.17 during trading hours on Friday, hitting $23.06. The company’s stock had a trading volume of 16,496 shares, compared to its average volume of 70,537. Bandwidth has a fifty-two week low of $18.05 and a fifty-two week high of $24.99. The stock has a market capitalization of $406.35 and a price-to-earnings ratio of 28.12. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of -2.45.

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

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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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