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

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

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

RADCOM Price Performance

RDCM traded down $0.12 on Tuesday, hitting $9.57. The company had a trading volume of 15,226 shares, compared to its average volume of 41,865. RADCOM has a 1-year low of $7.52 and a 1-year high of $12.10. The company’s fifty day moving average price is $10.16 and its 200 day moving average price is $9.07. The stock has a market cap of $148.05 million, a price-to-earnings ratio of 39.88 and a beta of 0.76.

Institutional Investors Weigh In On RADCOM

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Yelin Lapidot Holdings Management Ltd. bought a new position in RADCOM during the third quarter worth $11,181,000. Inflection Point Investments LLP acquired a new stake in RADCOM in the 4th quarter worth $4,883,000. Janney Montgomery Scott LLC increased its holdings in shares of RADCOM by 109.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 270,329 shares of the technology company’s stock worth $3,017,000 after purchasing an additional 141,079 shares during the period. P.A.W. Capital Corp raised its position 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 buying an additional 90,000 shares during the last quarter. Finally, AWM Investment Company Inc. lifted its stake in shares of RADCOM by 9.2% in the third quarter. AWM Investment Company Inc. now owns 753,929 shares of the technology company’s stock valued at $6,552,000 after buying an additional 63,622 shares during the period. 48.32% of the stock is owned by institutional investors and hedge funds.

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.