StockNews.com Begins Coverage on RADCOM (NASDAQ:RDCM)

Stock analysts at StockNews.com initiated coverage on shares of RADCOM (NASDAQ:RDCM) in a research note issued to investors on Tuesday. The brokerage set a “buy” rating on the technology company’s stock.

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

RADCOM Stock Performance

RDCM traded down $0.12 on Tuesday, reaching $9.57. 15,226 shares of the company’s stock were exchanged, compared to its average volume of 41,865. The company has a market cap of $148.05 million, a price-to-earnings ratio of 39.88 and a beta of 0.76. RADCOM has a twelve month low of $7.52 and a twelve month high of $12.10. The company’s 50 day moving average is $10.16 and its 200-day moving average is $9.07.

Institutional Investors Weigh In On RADCOM

A number of large investors have recently modified their holdings of the stock. Acadian Asset Management LLC increased its stake in RADCOM by 39.9% during the 3rd quarter. Acadian Asset Management LLC now owns 65,524 shares of the technology company’s stock worth $555,000 after buying an additional 18,681 shares during the period. Yelin Lapidot Holdings Management Ltd. acquired a new position in shares of RADCOM in the third quarter worth about $11,181,000. P.A.W. Capital Corp lifted its stake in shares of RADCOM by 56.3% in the fourth quarter. P.A.W. Capital Corp now owns 250,000 shares of the technology company’s stock worth $2,015,000 after acquiring an additional 90,000 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in RADCOM by 18.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 114,181 shares of the technology company’s stock valued at $992,000 after purchasing an additional 18,100 shares in the last quarter. Finally, AWM Investment Company Inc. increased its holdings in RADCOM by 9.2% during the 3rd quarter. AWM Investment Company Inc. now owns 753,929 shares of the technology company’s stock worth $6,552,000 after purchasing an additional 63,622 shares during the last quarter. 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.