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

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

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 Stock Performance

RDCM traded down $0.99 on Thursday, reaching $11.00. The company had a trading volume of 143,705 shares, compared to its average volume of 37,697. RADCOM has a fifty-two week low of $7.63 and a fifty-two week high of $12.44. The stock has a market cap of $172.26 million, a P/E ratio of 35.49 and a beta of 0.86. The company’s fifty day moving average is $10.28 and its 200 day moving average is $9.78.

Institutional Investors Weigh In On RADCOM

Institutional investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC lifted its holdings in shares of RADCOM by 30.2% in the third quarter. Janney Montgomery Scott LLC now owns 304,064 shares of the technology company’s stock worth $3,144,000 after buying an additional 70,544 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of 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 last quarter. 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. Quadrature Capital Ltd purchased a new stake in RADCOM in the first quarter worth $159,000. Finally, Russell Investments Group Ltd. lifted its position in RADCOM by 4.4% during the first quarter. Russell Investments Group Ltd. now owns 116,551 shares of the technology company’s stock valued at $1,301,000 after buying an additional 4,935 shares during the period. 48.32% of the stock is owned by hedge funds and other 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.