Radcom (NASDAQ:RDCM) Rating Lowered to Buy at Wall Street Zen

Key Points

• Radcom (NASDAQ:RDCM) has been downgraded from a "strong-buy" to a "buy" rating by Wall Street Zen.
• Needham & Company LLC has increased its target price for Radcom from $17.00 to $18.00, maintaining a "buy" rating.
• The stock has seen significant activity from institutional investors, with Millennium Management increasing its holdings by 171.6% in the last quarter.

Wall Street Zen lowered shares of Radcom (NASDAQ:RDCM - Free Report) from a strong-buy rating to a buy rating in a research report released on Saturday morning.

Separately, Needham & Company LLC increased their price objective on Radcom from $17.00 to $18.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th.

Radcom Price Performance

Radcom stock traded up $0.14 during mid-day trading on Friday, hitting $13.15. The company's stock had a trading volume of 116,272 shares, compared to its average volume of 70,947. The firm's 50 day moving average is $13.24 and its 200 day moving average is $12.63. The company has a market cap of $205.96 million, a PE ratio of 22.67 and a beta of 0.74. Radcom has a 52-week low of $9.23 and a 52-week high of $15.98.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of RDCM. JPMorgan Chase & Co. increased its position in Radcom by 1,433.3% in the 4th quarter. JPMorgan Chase & Co. now owns 4,600 shares of the technology company's stock worth $57,000 after purchasing an additional 4,300 shares during the last quarter. Russell Investments Group Ltd. increased its position in Radcom by 6.2% in the 4th quarter. Russell Investments Group Ltd. now owns 110,721 shares of the technology company's stock worth $1,367,000 after purchasing an additional 6,436 shares during the last quarter. Renaissance Technologies LLC increased its position in Radcom by 8.5% in the 4th quarter. Renaissance Technologies LLC now owns 238,233 shares of the technology company's stock worth $2,945,000 after purchasing an additional 18,600 shares during the last quarter. Walleye Capital LLC acquired a new position in Radcom in the 4th quarter worth about $681,000. Finally, Marshall Wace LLP increased its position in Radcom by 61.0% in the 4th quarter. Marshall Wace LLP now owns 51,325 shares of the technology company's stock worth $634,000 after purchasing an additional 19,438 shares during the last quarter. 48.32% of the stock is owned by institutional investors and hedge funds.

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.