RADCOM (NASDAQ:RDCM) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of RADCOM (NASDAQ:RDCM) in a research report issued to clients and investors on Tuesday. The firm set a “buy” rating on the technology company’s stock.

Separately, Needham & Company LLC upgraded RADCOM from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Thursday, January 25th.

RADCOM Trading Down 0.6 %

Shares of NASDAQ:RDCM opened at $9.51 on Tuesday. The stock has a market capitalization of $147.13 million, a P/E ratio of 39.63 and a beta of 0.76. The stock’s 50-day moving average price is $10.15 and its 200-day moving average price is $9.08. RADCOM has a 12-month low of $7.52 and a 12-month high of $12.10.

Hedge Funds Weigh In On RADCOM

Several hedge funds and other institutional investors have recently modified their holdings of RDCM. Acadian Asset Management LLC increased its holdings in RADCOM by 39.9% during the 3rd quarter. Acadian Asset Management LLC now owns 65,524 shares of the technology company’s stock valued at $555,000 after purchasing an additional 18,681 shares during the period. Janney Montgomery Scott LLC grew its position in shares of RADCOM by 18.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 114,181 shares of the technology company’s stock worth $992,000 after buying an additional 18,100 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of 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. P.A.W. Capital Corp raised its holdings in shares of RADCOM by 56.3% during the fourth quarter. P.A.W. Capital Corp now owns 250,000 shares of the technology company’s stock valued at $2,015,000 after acquiring an additional 90,000 shares in the last quarter. Finally, Inflection Point Investments LLP purchased a new stake in RADCOM in the fourth quarter worth $4,883,000. 48.32% of the stock is owned by 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.