RADCOM (NASDAQ:RDCM) Earns Buy Rating from Needham & Company LLC

RADCOM (NASDAQ:RDCM - Get Free Report)'s stock had its "buy" rating reiterated by analysts at Needham & Company LLC in a report released on Thursday, Benzinga reports. They currently have a $14.00 price objective on the technology company's stock. Needham & Company LLC's target price would suggest a potential upside of 49.49% from the stock's current price.

Separately, StockNews.com began coverage on shares of RADCOM in a research report on Wednesday. They issued a "strong-buy" rating on the stock.

RADCOM Trading Down 0.5 %

RDCM stock traded down $0.04 during mid-day trading on Thursday, hitting $9.37. 74,412 shares of the company were exchanged, compared to its average volume of 41,377. The company has a market capitalization of $144.88 million, a PE ratio of 39.75 and a beta of 0.76. The firm has a fifty day simple moving average of $10.06 and a 200 day simple moving average of $9.13. RADCOM has a twelve month low of $7.52 and a twelve month high of $12.10.

Institutional Investors Weigh In On RADCOM

Institutional investors have recently bought and sold shares of the stock. Inflection Point Investments LLP acquired a new position in shares of RADCOM during the fourth quarter valued at approximately $4,883,000. Janney Montgomery Scott LLC boosted its stake in RADCOM by 109.2% during the first quarter. Janney Montgomery Scott LLC now owns 270,329 shares of the technology company's stock valued at $3,017,000 after buying an additional 141,079 shares in the last quarter. P.A.W. Capital Corp raised its position in 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. AWM Investment Company Inc. boosted its position in shares of RADCOM by 9.2% during the 3rd quarter. AWM Investment Company Inc. now owns 753,929 shares of the technology company's stock valued at $6,552,000 after purchasing an additional 63,622 shares in the last quarter. Finally, Acadian Asset Management LLC grew its stake in shares of RADCOM by 34.1% in the 1st quarter. Acadian Asset Management LLC now owns 90,180 shares of the technology company's stock worth $987,000 after purchasing an additional 22,923 shares during the last quarter. Institutional investors and hedge funds own 48.32% of the company's stock.

RADCOM Company Profile

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.