RADCOM (NASDAQ:RDCM) Cut to “Buy” at StockNews.com

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

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

RADCOM Stock Performance

RDCM stock opened at $11.61 on Thursday. The business’s 50-day moving average is $10.35 and its two-hundred day moving average is $9.82. The company has a market cap of $181.81 million, a price-to-earnings ratio of 24.70 and a beta of 0.86. RADCOM has a fifty-two week low of $7.63 and a fifty-two week high of $12.44.

Hedge Funds Weigh In On RADCOM

Institutional investors have recently bought and sold shares of the stock. Quadrature Capital Ltd purchased a new stake in RADCOM in the first quarter worth about $159,000. Acadian Asset Management LLC grew its stake in shares of 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. increased its holdings 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 acquiring an additional 4,935 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in 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 in the last quarter. Finally, AWM Investment Company Inc. boosted its position 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 period. 48.32% of the stock is owned by institutional investors.

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.