RADCOM (NASDAQ:RDCM) Upgraded at StockNews.com

RADCOM (NASDAQ:RDCM) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday.

Separately, Needham & Company LLC reiterated a “buy” rating and issued a $14.00 target price on shares of RADCOM in a research report on Thursday, May 16th.

RADCOM Stock Performance

Shares of RDCM opened at $9.15 on Thursday. The stock has a 50-day moving average of $9.81 and a two-hundred day moving average of $9.20. The stock has a market cap of $141.55 million, a P/E ratio of 36.60 and a beta of 0.76. RADCOM has a one year low of $7.52 and a one year high of $12.10.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. AWM Investment Company Inc. grew its position in RADCOM by 5.7% during the 1st quarter. AWM Investment Company Inc. now owns 840,795 shares of the technology company’s stock worth $9,383,000 after purchasing an additional 45,000 shares during the period. Inflection Point Investments LLP purchased a new position in RADCOM during the fourth quarter valued at approximately $4,883,000. Janney Montgomery Scott LLC lifted its holdings in RADCOM by 109.2% in the first quarter. Janney Montgomery Scott LLC now owns 270,329 shares of the technology company’s stock valued at $3,017,000 after acquiring an additional 141,079 shares during the period. P.A.W. Capital Corp boosted its position in RADCOM by 56.3% in the 4th quarter. P.A.W. Capital Corp now owns 250,000 shares of the technology company’s stock worth $2,015,000 after purchasing an additional 90,000 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of RADCOM by 4.4% during the 1st quarter. Russell Investments Group Ltd. now owns 116,551 shares of the technology company’s stock worth $1,301,000 after purchasing an additional 4,935 shares during the period. 48.32% of the stock is currently 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.