Radcom (NASDAQ:RDCM) Downgraded by Wall Street Zen to “Buy”

Radcom (NASDAQ:RDCM) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Saturday.

Separately, Needham & Company LLC boosted their target price on Radcom from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, May 15th.

Radcom Trading Up 1.6%

NASDAQ RDCM opened at $13.01 on Friday. The business’s 50 day moving average is $13.24 and its two-hundred day moving average is $12.63. Radcom has a 12-month low of $9.23 and a 12-month high of $15.98. The stock has a market capitalization of $203.74 million, a price-to-earnings ratio of 22.43 and a beta of 0.74.

Hedge Funds Weigh In On Radcom

Several institutional investors and hedge funds have recently added to or reduced their stakes in RDCM. Millennium Management LLC grew its holdings in shares of Radcom by 171.6% in the 4th quarter. Millennium Management LLC now owns 57,505 shares of the technology company’s stock worth $711,000 after acquiring an additional 36,333 shares during the period. Citadel Advisors LLC grew its holdings in shares of Radcom by 101.1% in the 4th quarter. Citadel Advisors LLC now owns 39,083 shares of the technology company’s stock worth $483,000 after acquiring an additional 19,653 shares during the period. Northern Trust Corp acquired a new stake in shares of Radcom in the 4th quarter worth approximately $269,000. Russell Investments Group Ltd. grew its holdings in shares of Radcom by 6.2% in the 4th quarter. Russell Investments Group Ltd. now owns 110,721 shares of the technology company’s stock worth $1,367,000 after acquiring an additional 6,436 shares during the period. Finally, AWM Investment Company Inc. grew its holdings in shares of Radcom by 2.8% in the 4th quarter. AWM Investment Company Inc. now owns 991,261 shares of the technology company’s stock worth $12,252,000 after acquiring an additional 27,394 shares during the period. Institutional investors and hedge funds own 48.32% of the company’s stock.

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.