In a report released today, Meta Marshall from Morgan Stanley maintained a Hold rating on Bandwidth Inc (BAND), with a price target of $46. The company’s shares closed on Friday at $41.27.
According to TipRanks.com, Marshall is a 2-star analyst with an average return of -0.1% and a 62.5% success rate. Marshall covers the Consumer Goods sector, focusing on stocks such as CommScope Holding, Lumentum Holdings, and Finisar Corp.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Bandwidth Inc with a $58.20 average price target.
See today’s analyst top recommended stocks >>
Bandwidth Inc’s market cap is currently $798.5M and has a P/E ratio of 46.85. The company has a Price to Book ratio of 7.38.
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BAND in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Bandwidth, Inc. provides business communications services. It offers data Internet, voice/voice over Internet protocol, messaging. managed network, and conferencing services. The firm serves the telecom needs of small and medium businesses. It operates through the following business segments: CPaaS and Other.
