Two Sigma Investments LP lifted its stake in RADCOM Ltd. (NASDAQ:RDCM) by 77.8% during the 4th quarter, Holdings Channel reports. The fund owned 24,924 shares of the technology company’s stock after purchasing an additional 10,905 shares during the quarter. Two Sigma Investments LP’s holdings in RADCOM were worth $185,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of RDCM. Van ECK Associates Corp lifted its holdings in shares of RADCOM by 50.4% in the 4th quarter. Van ECK Associates Corp now owns 4,832 shares of the technology company’s stock worth $36,000 after acquiring an additional 1,619 shares during the last quarter. ETF Managers Group LLC lifted its holdings in shares of RADCOM by 93.7% in the 4th quarter. ETF Managers Group LLC now owns 25,894 shares of the technology company’s stock worth $192,000 after acquiring an additional 12,523 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of RADCOM in the 3rd quarter worth approximately $247,000. Renaissance Technologies LLC lifted its holdings in shares of RADCOM by 9.4% in the 3rd quarter. Renaissance Technologies LLC now owns 169,233 shares of the technology company’s stock worth $1,904,000 after acquiring an additional 14,533 shares during the last quarter. Finally, Taylor Frigon Capital Management LLC lifted its holdings in shares of RADCOM by 21.8% in the 4th quarter. Taylor Frigon Capital Management LLC now owns 273,183 shares of the technology company’s stock worth $2,027,000 after acquiring an additional 48,830 shares during the last quarter. Hedge funds and other institutional investors own 28.06% of the company’s stock.
Several equities analysts have recently commented on RDCM shares. Zacks Investment Research upgraded shares of RADCOM from a “hold” rating to a “buy” rating and set a $8.75 price objective on the stock in a report on Friday, January 18th. ValuEngine upgraded shares of RADCOM from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Needham & Company LLC lowered shares of RADCOM from a “buy” rating to a “hold” rating in a report on Tuesday, February 12th. Finally, TheStreet lowered shares of RADCOM from a “c” rating to a “d” rating in a report on Friday, March 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $10.63.
RADCOM (NASDAQ:RDCM) last released its earnings results on Tuesday, February 12th. The technology company reported ($0.30) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.33) by $0.03. The company had revenue of $3.99 million for the quarter, compared to analyst estimates of $3.50 million. RADCOM had a negative net margin of 7.09% and a negative return on equity of 3.02%. On average, equities research analysts expect that RADCOM Ltd. will post -0.69 earnings per share for the current year.
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RADCOM Ltd. provides service assurance and customer experience management solutions for communication service providers (CSPs). Its carrier-grade solutions support mobile and fixed networks, and scale to terabit data bandwidths to enable data analytics. The company offers solutions for virtualized infrastructure and next-generation networks.
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