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

StockNews.com lowered shares of RADCOM (NASDAQ:RDCM) from a strong-buy rating to a buy rating in a research report sent to investors on Thursday morning.

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

RADCOM Trading Up 3.9 %

RADCOM stock traded up $0.43 during midday trading on Thursday, hitting $11.43. 21,019 shares of the stock were exchanged, compared to its average volume of 37,622. The stock’s 50-day simple moving average is $10.31 and its 200 day simple moving average is $9.79. RADCOM has a fifty-two week low of $7.63 and a fifty-two week high of $12.44. The stock has a market capitalization of $178.99 million, a price-to-earnings ratio of 23.28 and a beta of 0.86.

Hedge Funds Weigh In On RADCOM

Several large investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC lifted its stake in 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 purchasing an additional 70,544 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in RADCOM by 34.1% during the 1st 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 period. Russell Investments Group Ltd. boosted its holdings in RADCOM by 4.4% during the 1st quarter. Russell Investments Group Ltd. now owns 116,551 shares of the technology company’s stock valued at $1,301,000 after acquiring an additional 4,935 shares during the period. Quadrature Capital Ltd acquired a new position in RADCOM in the 1st quarter valued at about $159,000. Finally, AWM Investment Company Inc. increased its stake in RADCOM by 5.7% during 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 period. 48.32% of the stock is currently owned by institutional investors and hedge funds.

About RADCOM

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.