16,445 Shares in Bandwidth Inc. (NASDAQ:BAND) Purchased by SG Americas Securities LLC

SG Americas Securities LLC purchased a new position in shares of Bandwidth Inc. (NASDAQ:BAND) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 16,445 shares of the company’s stock, valued at approximately $238,000. SG Americas Securities LLC owned 0.06% of Bandwidth at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Quarry LP boosted its position in Bandwidth by 310.6% in the 1st quarter. Quarry LP now owns 2,008 shares of the company’s stock valued at $31,000 after buying an additional 1,519 shares during the period. DHJJ Financial Advisors Ltd. purchased a new stake in Bandwidth in the 3rd quarter valued at about $34,000. Tower Research Capital LLC TRC boosted its position in Bandwidth by 36.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,946 shares of the company’s stock valued at $36,000 after buying an additional 792 shares during the period. Point72 Middle East FZE purchased a new stake in Bandwidth in the 4th quarter valued at about $51,000. Finally, Acadian Asset Management LLC purchased a new stake in Bandwidth in the 1st quarter valued at about $58,000. 68.53% of the stock is owned by hedge funds and other institutional investors.

Bandwidth Trading Up 1.7 %

NASDAQ BAND opened at $17.75 on Friday. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 1.41. The firm has a market cap of $466.31 million, a PE ratio of -16.90 and a beta of 1.48. The company has a 50 day moving average price of $16.84 and a 200 day moving average price of $13.85. Bandwidth Inc. has a 52 week low of $9.34 and a 52 week high of $21.68.

Bandwidth (NASDAQ:BAND) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.01). The firm had revenue of $165.00 million for the quarter, compared to the consensus estimate of $154.17 million. Bandwidth had a negative return on equity of 3.10% and a negative net margin of 2.72%. The company’s revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.04 EPS. As a group, sell-side analysts forecast that Bandwidth Inc. will post 0.19 EPS for the current fiscal year.

Insider Buying and Selling

In other Bandwidth news, COO Anthony Bartolo sold 7,798 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $18.75, for a total transaction of $146,212.50. Following the transaction, the chief operating officer now owns 76,469 shares in the company, valued at approximately $1,433,793.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 13,034 shares of company stock worth $245,788 in the last 90 days. 5.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BAND. Barclays boosted their price target on shares of Bandwidth from $20.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. KeyCorp boosted their price target on shares of Bandwidth from $16.00 to $21.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. Finally, Canaccord Genuity Group boosted their price target on shares of Bandwidth from $36.00 to $38.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.71.

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.