RADCOM (NASDAQ:RDCM) Lowered to Buy Rating by StockNews.com

RADCOM (NASDAQ:RDCM) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Thursday.

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

RADCOM Stock Performance

Shares of RDCM stock traded down $0.99 during midday trading on Thursday, reaching $11.00. 143,705 shares of the company were exchanged, compared to its average volume of 37,697. The company’s 50 day moving average price is $10.28 and its two-hundred day moving average price is $9.78. RADCOM has a 12 month low of $7.63 and a 12 month high of $12.44. The company has a market cap of $172.26 million, a P/E ratio of 35.49 and a beta of 0.86.

Institutional Trading of RADCOM

Hedge funds and other institutional investors have recently modified their holdings of the company. Janney Montgomery Scott LLC raised its holdings 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 worth $3,144,000 after acquiring an additional 70,544 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of RADCOM by 34.1% in the first quarter. Acadian Asset Management LLC now owns 90,180 shares of the technology company’s stock valued at $987,000 after acquiring an additional 22,923 shares during the last quarter. Russell Investments Group Ltd. raised its position in RADCOM by 4.4% in the 1st 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. Quadrature Capital Ltd bought a new position in RADCOM in the 1st quarter worth approximately $159,000. Finally, AWM Investment Company Inc. grew its holdings in shares of RADCOM by 5.7% in the 1st quarter. AWM Investment Company Inc. now owns 840,795 shares of the technology company’s stock valued at $9,383,000 after buying an additional 45,000 shares during the period. 48.32% of the stock is currently 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.