RADCOM’s (RDCM) “Buy” Rating Reiterated at William Blair
RADCOM (NASDAQ:RDCM)‘s stock had its “buy” rating reaffirmed by research analysts at William Blair in a report released on Tuesday.
A number of other brokerages also recently issued reports on RDCM. BidaskClub downgraded RADCOM from a “sell” rating to a “strong sell” rating in a research note on Friday, January 19th. Zacks Investment Research raised RADCOM from a “hold” rating to a “strong-buy” rating and set a $23.00 price target on the stock in a research note on Saturday, November 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $25.00.
Shares of RADCOM (NASDAQ RDCM) traded up $1.75 during trading hours on Tuesday, hitting $19.90. The stock had a trading volume of 169,762 shares, compared to its average volume of 40,122. The firm has a market cap of $261.93, a P/E ratio of -1,990.00 and a beta of 0.49. RADCOM has a 12 month low of $16.60 and a 12 month high of $22.45.
A number of hedge funds have recently bought and sold shares of RDCM. Goldman Sachs Group Inc. raised its stake in RADCOM by 0.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 34,475 shares of the technology company’s stock worth $667,000 after buying an additional 272 shares during the period. Granite Investment Partners LLC acquired a new position in RADCOM during the 3rd quarter worth approximately $548,000. Pinnacle Associates Ltd. bought a new stake in RADCOM during the 3rd quarter worth approximately $316,000. Taylor Frigon Capital Management LLC bought a new stake in RADCOM during the 4th quarter worth approximately $1,820,000. Finally, Malaga Cove Capital LLC increased its holdings in RADCOM by 112.4% during the 4th quarter. Malaga Cove Capital LLC now owns 26,544 shares of the technology company’s stock worth $527,000 after purchasing an additional 14,044 shares in the last quarter. 15.15% of the stock is currently owned by institutional investors and hedge funds.
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RADCOM Company Profile
RADCOM Ltd. (RADCOM) provides service assurance and customer experience management solutions for communication service providers (CSPs). The Company provides solutions for networks, including long-term evolution (LTE), LTE Advanced (LTE-A), voice over LTE (VoLTE), Internet protocol multimedia subsystem (IMS), Voice over Internet protocol (VoIP), universal mobile telecommunications system (UMTS) or global system for mobile communications (GSM) and mobile broadband.
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