102,000 Shares in Radcom Ltd. $RDCM Bought by Nano Cap New Millennium Growth Fund L P

Nano Cap New Millennium Growth Fund L P purchased a new position in shares of Radcom Ltd. (NASDAQ:RDCM) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 102,000 shares of the technology company’s stock, valued at approximately $1,334,000. Radcom accounts for 1.1% of Nano Cap New Millennium Growth Fund L P’s holdings, making the stock its 24th biggest holding.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new position in shares of Radcom during the second quarter worth about $34,000. New York State Common Retirement Fund acquired a new position in shares of Radcom during the third quarter worth about $76,000. Lazard Asset Management LLC increased its stake in shares of Radcom by 171.1% during the second quarter. Lazard Asset Management LLC now owns 8,136 shares of the technology company’s stock worth $110,000 after acquiring an additional 5,135 shares during the period. Bank of America Corp DE increased its stake in shares of Radcom by 93.8% during the third quarter. Bank of America Corp DE now owns 9,014 shares of the technology company’s stock worth $131,000 after acquiring an additional 4,364 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in shares of Radcom during the third quarter worth about $168,000. 48.32% of the stock is currently owned by hedge funds and other institutional investors.

Radcom Stock Performance

Shares of NASDAQ:RDCM opened at $14.72 on Friday. The business’s fifty day moving average price is $13.34 and its two-hundred day moving average price is $12.87. The stock has a market cap of $246.41 million, a PE ratio of 19.63 and a beta of 0.75. Radcom Ltd. has a one year low of $10.41 and a one year high of $16.74.

Radcom (NASDAQ:RDCM) last posted its quarterly earnings results on Tuesday, May 19th. The technology company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $18.59 million for the quarter, compared to the consensus estimate of $18.61 million. Radcom had a net margin of 17.18% and a return on equity of 11.68%. As a group, equities research analysts predict that Radcom Ltd. will post 0.84 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on RDCM shares. Wall Street Zen lowered shares of Radcom from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 21st. Needham & Company LLC reiterated a “buy” rating and issued a $18.00 price objective on shares of Radcom in a research report on Wednesday, February 11th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Radcom has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

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.