Short Interest in Radcom Ltd. (NASDAQ:RDCM) Increases By 16.7%

Radcom Ltd. (NASDAQ:RDCM) saw a significant increase in short interest in February. As of February 27th, there was short interest totaling 123,198 shares, an increase of 16.7% from the February 12th total of 105,612 shares. Approximately 2.4% of the company’s shares are short sold. Based on an average trading volume of 62,129 shares, the short-interest ratio is currently 2.0 days. Based on an average trading volume of 62,129 shares, the short-interest ratio is currently 2.0 days. Approximately 2.4% of the company’s shares are short sold.

Analyst Ratings Changes

A number of brokerages have issued reports on RDCM. Weiss Ratings restated a “hold (c+)” rating on shares of Radcom in a research report on Monday, December 22nd. Needham & Company LLC reiterated a “buy” rating and issued a $18.00 target price on shares of Radcom in a report on Wednesday, February 11th. Finally, Wall Street Zen raised Radcom from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 7th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

Radcom Trading Up 4.8%

RDCM stock opened at $11.19 on Wednesday. The stock has a market cap of $183.63 million, a PE ratio of 15.54 and a beta of 0.58. Radcom has a 12 month low of $9.88 and a 12 month high of $15.15. The company has a 50-day moving average price of $12.00 and a 200 day moving average price of $13.00.

Radcom (NASDAQ:RDCM) last posted its quarterly earnings data on Wednesday, February 11th. The technology company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.08. Radcom had a net margin of 16.77% and a return on equity of 11.53%. The company had revenue of $18.86 million for the quarter, compared to analyst estimates of $18.46 million. Sell-side analysts forecast that Radcom will post 0.54 EPS for the current year.

Institutional Investors Weigh In On Radcom

Several large investors have recently added to or reduced their stakes in RDCM. Private Advisor Group LLC bought a new position in Radcom in the third quarter worth approximately $4,058,000. Lynrock Lake LP increased its holdings in Radcom by 7.7% during the 4th quarter. Lynrock Lake LP now owns 2,441,775 shares of the technology company’s stock worth $31,938,000 after purchasing an additional 175,094 shares during the period. Nano Cap New Millennium Growth Fund L P bought a new stake in Radcom during the 4th quarter valued at $1,334,000. Marshall Wace LLP lifted its holdings in shares of Radcom by 58.1% in the 4th quarter. Marshall Wace LLP now owns 195,554 shares of the technology company’s stock worth $2,558,000 after buying an additional 71,873 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Radcom by 67.1% in the 4th quarter. Russell Investments Group Ltd. now owns 170,410 shares of the technology company’s stock worth $2,230,000 after buying an additional 68,420 shares during the period. 48.32% of the stock is owned by hedge funds and other institutional investors.

About Radcom

Radcom Ltd. (NASDAQ: RDCM) is a provider of cloud-based service assurance and analytics solutions designed to help communications service providers monitor and optimize the performance of their networks. Its flagship product, RADCOM ACE, delivers real-time visibility into service quality, subscriber experience and network resource utilization across traditional and virtualized architectures. By combining packet-level data collection with advanced analytics and machine-learning algorithms, Radcom enables carriers to detect, troubleshoot and resolve network and service issues before they impact end users.

Founded in 1991 and headquartered in Tel Aviv, Israel, Radcom has evolved from an early vendor of network testing equipment into a specialist in end-to-end assurance for voice, data, video and next-generation services.