Radcom’s (RDCM) “Buy” Rating Reaffirmed at Needham & Company LLC

Radcom (NASDAQ:RDCM)‘s stock had its “buy” rating reissued by investment analysts at Needham & Company LLC in a research note issued on Thursday,Benzinga reports. They presently have a $18.00 price objective on the technology company’s stock. Needham & Company LLC’s price objective suggests a potential upside of 39.85% from the stock’s previous close.

A number of other research analysts have also recently commented on the company. Wall Street Zen cut Radcom from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Radcom in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $18.00.

Radcom Stock Performance

Shares of Radcom stock traded down $0.45 during midday trading on Thursday, hitting $12.87. 38,028 shares of the company traded hands, compared to its average volume of 64,916. The firm’s fifty day moving average price is $13.90 and its 200-day moving average price is $13.36. The stock has a market cap of $211.16 million, a price-to-earnings ratio of 22.21 and a beta of 0.65. Radcom has a 12 month low of $9.88 and a 12 month high of $15.98.

Institutional Trading of Radcom

Several hedge funds have recently modified their holdings of RDCM. Raymond James Financial Inc. acquired a new position in shares of Radcom during the second quarter worth approximately $34,000. New York State Common Retirement Fund acquired a new position in Radcom during the third quarter worth $76,000. Lazard Asset Management LLC lifted its stake in shares of Radcom by 171.1% in the second quarter. Lazard Asset Management LLC now owns 8,136 shares of the technology company’s stock valued at $110,000 after buying an additional 5,135 shares in the last quarter. Cox Capital Mgt LLC acquired a new position in shares of Radcom during the third quarter valued at about $145,000. Finally, Jump Financial LLC bought a new stake in shares of Radcom during the second quarter worth about $165,000. Institutional investors own 48.32% of the company’s stock.

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.