RADCOM (NASDAQ:RDCM) Downgraded to “Buy” Rating by StockNews.com

StockNews.com downgraded shares of RADCOM (NASDAQ:RDCM) from a strong-buy rating to a buy rating in a report issued on Thursday.

Separately, Needham & Company LLC restated a “buy” rating and issued a $14.00 price target on shares of RADCOM in a research report on Thursday, August 8th.

RADCOM Price Performance

NASDAQ:RDCM opened at $11.61 on Thursday. The firm has a market capitalization of $181.81 million, a price-to-earnings ratio of 24.70 and a beta of 0.86. The business has a 50 day simple moving average of $10.35 and a 200-day simple moving average of $9.82. RADCOM has a 1 year low of $7.63 and a 1 year high of $12.44.

Institutional Trading of RADCOM

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quadrature Capital Ltd purchased a new stake in shares of RADCOM in the first quarter worth approximately $159,000. Acadian Asset Management LLC increased its stake in RADCOM by 6.2% in the second quarter. Acadian Asset Management LLC now owns 95,808 shares of the technology company’s stock worth $881,000 after purchasing an additional 5,628 shares during the period. Russell Investments Group Ltd. lifted its position in shares of RADCOM by 4.4% during the first quarter. Russell Investments Group Ltd. now owns 116,551 shares of the technology company’s stock worth $1,301,000 after purchasing an additional 4,935 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of RADCOM by 30.2% during the third quarter. Janney Montgomery Scott LLC now owns 304,064 shares of the technology company’s stock valued at $3,144,000 after purchasing an additional 70,544 shares during the period. Finally, AWM Investment Company Inc. grew its holdings in shares of RADCOM by 5.7% in the first quarter. AWM Investment Company Inc. now owns 840,795 shares of the technology company’s stock worth $9,383,000 after purchasing an additional 45,000 shares during the last quarter. 48.32% of the stock is owned by hedge funds and other institutional investors.

RADCOM Company Profile

RADCOM Ltd. provides 5G ready cloud-native, network intelligence, and service assurance solutions for telecom operators or communication service providers (CSPs). It offers RADCOM ACE, including RADCOM Service Assurance, a cloud-native, 5G-ready, and virtualized service assurance solutions, which allows telecom operators to gain end-to-end network visibility and customer experience insights across all networks; RADCOM Network Visibility, a cloud-native network packet broker and filtering solution that allows CSPs to manage network traffic at scale across multiple cloud environments, and control the visibility layer to perform analysis of select datasets; and RADCOM Network Insights, a business intelligence solution that offers insights for multiple use cases enabled by data captured and correlated through RADCOM Network Visibility and RADCOM Service Assurance.