Bandwidth IncBAND
About: Bandwidth Inc is cloud-based communications platform-as-a-service (CPaaS) provider that enables enterprises to create, scale and operate voice or messaging communications services across any mobile application or connected device. Company earns revenue through the sale of communications services offered through Application Programming Interface software solutions to large as well as small and medium-sized business, customers and is generally derived from usage and service fees. Usage revenue includes voice communication (driven by inbound and outbound minutes and toll-free minutes) and messaging communication (driven by the number of messages) that traverse the platform and network. Service fees include the provision and management of phone numbers and emergency services access.
Employees: 1,100
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
362% more call options, than puts
Call options by funds: $7.24M | Put options by funds: $1.57M
67% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 18
8% more funds holding
Funds holding: 145 [Q1] → 157 (+12) [Q2]
2% less repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 52
2.51% less ownership
Funds ownership: 76.5% [Q1] → 73.99% (-2.51%) [Q2]
8% less capital invested
Capital invested by funds: $340M [Q1] → $313M (-$26.8M) [Q2]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
JMP Securities Patrick Walravens 61% 1-year accuracy 54 / 89 met price target | 101%upside $36 | Market Outperform Reiterated | 27 Aug 2024 |
Baird William Power 67% 1-year accuracy 12 / 18 met price target | 6%upside $19 | Neutral Maintained | 2 Aug 2024 |
Barclays Ryan Macwilliams 59% 1-year accuracy 10 / 17 met price target | 39%upside $25 | Overweight Maintained | 2 Aug 2024 |