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

RADCOM (NASDAQ:RDCM) was downgraded by stock analysts at StockNews.com 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 Price Performance

Shares of RADCOM stock opened at $11.61 on Thursday. The stock has a market cap of $181.81 million, a PE ratio of 23.28 and a beta of 0.86. The firm has a fifty day moving average price of $10.31 and a 200 day moving average price of $9.79. RADCOM has a 1 year low of $7.63 and a 1 year high of $12.44.

Institutional Trading of RADCOM

A number of hedge funds have recently added to or reduced their stakes in RDCM. Russell Investments Group Ltd. increased its position in shares of RADCOM by 4.4% in 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 in the last quarter. Acadian Asset Management LLC raised its position in RADCOM by 34.1% during the first quarter. Acadian Asset Management LLC now owns 90,180 shares of the technology company’s stock worth $987,000 after acquiring an additional 22,923 shares during the period. Quadrature Capital Ltd acquired a new position in shares of RADCOM during the first quarter valued at approximately $159,000. AWM Investment Company Inc. boosted its stake in RADCOM by 5.7% during the 1st 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. Finally, Janney Montgomery Scott LLC boosted its position 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 acquiring an additional 70,544 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.