RADCOM (NASDAQ:RDCM) Stock Rating Lowered by StockNews.com

RADCOM (NASDAQ:RDCM) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Thursday.

Separately, Needham & Company LLC reissued a “buy” rating and issued a $16.00 target price on shares of RADCOM in a report on Friday, January 17th.

RADCOM Stock Up 2.6 %

NASDAQ RDCM opened at $15.40 on Thursday. RADCOM has a twelve month low of $8.52 and a twelve month high of $15.98. The stock has a market cap of $241.16 million, a P/E ratio of 32.77 and a beta of 0.90. The company’s 50-day simple moving average is $12.58 and its 200 day simple moving average is $11.07.

Institutional Investors Weigh In On RADCOM

A number of hedge funds have recently made changes to their positions in RDCM. Essex Investment Management Co. LLC acquired a new position in RADCOM in the fourth quarter valued at about $2,832,000. Acuitas Investments LLC boosted its holdings in shares of RADCOM by 21.6% in the 4th quarter. Acuitas Investments LLC now owns 183,498 shares of the technology company’s stock worth $2,268,000 after acquiring an additional 32,631 shares in the last quarter. Legato Capital Management LLC bought a new stake in RADCOM during the 4th quarter worth approximately $848,000. Finally, Janney Montgomery Scott LLC increased its holdings in RADCOM by 3.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 313,211 shares of the technology company’s stock valued at $3,871,000 after purchasing an additional 9,147 shares in the last quarter. Institutional investors and hedge funds own 48.32% of the company’s stock.

About RADCOM

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.