Radcom (NASDAQ:RDCM) Given Hold (C) Rating at Weiss Ratings

Key Points

• Radcom's stock has been restated with a "hold (c)" rating by Weiss Ratings, indicating a cautious outlook from analysts.
• The company's current consensus rating is a "Moderate Buy" with an average target price of $18.00.
• Radcom's stock is showing slight movement with shares up by 0.1%, currently trading at $13.80.

Radcom (NASDAQ:RDCM - Get Free Report)'s stock had its "hold (c)" rating restated by equities research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen lowered Radcom from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 16th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Radcom currently has a consensus rating of "Moderate Buy" and an average target price of $18.00.

Radcom Stock Up 0.1%

Shares of NASDAQ RDCM opened at $13.80 on Wednesday. The business has a fifty day simple moving average of $13.67 and a two-hundred day simple moving average of $12.91. The firm has a market cap of $216.14 million, a PE ratio of 23.79 and a beta of 0.69. Radcom has a twelve month low of $9.81 and a twelve month high of $15.98.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in RDCM. Acuitas Investments LLC grew its stake in Radcom by 21.4% during the 1st quarter. Acuitas Investments LLC now owns 222,725 shares of the technology company's stock worth $2,546,000 after buying an additional 39,227 shares during the last quarter. ARK Investment Management LLC acquired a new position in shares of Radcom in the 1st quarter valued at about $1,575,000. Walleye Capital LLC lifted its holdings in shares of Radcom by 31.6% in the 1st quarter. Walleye Capital LLC now owns 72,561 shares of the technology company's stock valued at $829,000 after buying an additional 17,431 shares during the period. Worth Venture Partners LLC lifted its holdings in shares of Radcom by 25.6% in the 1st quarter. Worth Venture Partners LLC now owns 179,343 shares of the technology company's stock valued at $2,050,000 after buying an additional 36,503 shares during the period. Finally, Trexquant Investment LP acquired a new position in shares of Radcom in the 1st quarter valued at about $352,000. 48.32% of the stock is currently owned by hedge funds and other 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.

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