Acuitas Investments LLC Reduces Position in Radcom Ltd. $RDCM

Acuitas Investments LLC lowered its stake in Radcom Ltd. (NASDAQ:RDCM) by 78.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,483 shares of the technology company’s stock after selling 169,794 shares during the period. Acuitas Investments LLC owned 0.28% of Radcom worth $659,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Virtus Advisers LLC acquired a new position in shares of Radcom in the third quarter valued at about $360,000. Bank of America Corp DE raised its stake in shares of Radcom by 93.8% in the third quarter. Bank of America Corp DE now owns 9,014 shares of the technology company’s stock worth $131,000 after purchasing an additional 4,364 shares during the last quarter. Boothbay Fund Management LLC acquired a new stake in shares of Radcom during the third quarter worth about $211,000. Two Sigma Investments LP boosted its position in Radcom by 91.8% in the third quarter. Two Sigma Investments LP now owns 79,203 shares of the technology company’s stock valued at $1,148,000 after buying an additional 37,898 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in Radcom by 1.5% in the third quarter. Russell Investments Group Ltd. now owns 101,990 shares of the technology company’s stock valued at $1,477,000 after buying an additional 1,542 shares during the last quarter. 48.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on RDCM shares. Wall Street Zen raised shares of Radcom from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 7th. Needham & Company LLC reiterated a “buy” rating and issued a $18.00 price objective on shares of Radcom in a research note on Wednesday, February 11th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Radcom in a report on Monday, December 22nd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $18.00.

Radcom Price Performance

Shares of NASDAQ RDCM opened at $11.19 on Wednesday. The stock’s 50-day moving average is $12.00 and its two-hundred day moving average is $13.00. The company has a market cap of $183.63 million, a price-to-earnings ratio of 15.54 and a beta of 0.58. Radcom Ltd. has a 1-year low of $9.88 and a 1-year high of $15.15.

Radcom (NASDAQ:RDCM) last issued its earnings results on Wednesday, February 11th. The technology company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.08. The business had revenue of $18.86 million during the quarter, compared to analysts’ expectations of $18.46 million. Radcom had a net margin of 16.77% and a return on equity of 11.53%. Equities research analysts anticipate that Radcom Ltd. will post 0.54 earnings per share for the current fiscal year.

About Radcom

Radcom Ltd. (NASDAQ: RDCM) is a provider of cloud-based service assurance and analytics solutions designed to help communications service providers monitor and optimize the performance of their networks. Its flagship product, RADCOM ACE, delivers real-time visibility into service quality, subscriber experience and network resource utilization across traditional and virtualized architectures. By combining packet-level data collection with advanced analytics and machine-learning algorithms, Radcom enables carriers to detect, troubleshoot and resolve network and service issues before they impact end users.

Founded in 1991 and headquartered in Tel Aviv, Israel, Radcom has evolved from an early vendor of network testing equipment into a specialist in end-to-end assurance for voice, data, video and next-generation services.