Radcom (NASDAQ:RDCM) Downgraded by Wall Street Zen to Buy

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 downgraded shares of Radcom (NASDAQ:RDCM - Free Report) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday morning.

Separately, Needham & Company LLC boosted their target price on Radcom from $17.00 to $18.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Radcom currently has a consensus rating of "Buy" and a consensus target price of $18.00.

Radcom Price Performance

Shares of RDCM traded down $0.36 during mid-day trading on Friday, hitting $12.71. The stock had a trading volume of 39,910 shares, compared to its average volume of 74,490. The firm has a market cap of $199.06 million, a P/E ratio of 21.91 and a beta of 0.74. The business has a fifty day moving average price of $13.24 and a 200-day moving average price of $12.63. Radcom has a 52 week low of $9.23 and a 52 week high of $15.98.

Institutional Trading of Radcom

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio bought a new stake in shares of Radcom during the 4th quarter valued at $31,000. Raymond James Financial Inc. purchased a new position in Radcom during the second quarter worth about $34,000. JPMorgan Chase & Co. grew its position in Radcom by 1,433.3% during the fourth quarter. JPMorgan Chase & Co. now owns 4,600 shares of the technology company's stock worth $57,000 after buying an additional 4,300 shares in the last quarter. State of Tennessee Department of Treasury purchased a new position in Radcom during the fourth quarter worth about $62,000. Finally, Lazard Asset Management LLC grew its position in Radcom by 171.1% during the second quarter. Lazard Asset Management LLC now owns 8,136 shares of the technology company's stock worth $110,000 after buying an additional 5,135 shares in the last quarter. 48.32% of the stock is currently owned by institutional investors.

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.