RADCOM (NASDAQ:RDCM) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of RADCOM (NASDAQ:RDCM) in a research note issued on Tuesday. The firm set a “buy” rating on the technology company’s stock.

Separately, Needham & Company LLC upgraded RADCOM from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Thursday, January 25th.

RADCOM Trading Down 0.6 %

RDCM stock opened at $9.51 on Tuesday. RADCOM has a 1-year low of $7.52 and a 1-year high of $12.10. The business’s 50 day moving average is $10.15 and its 200-day moving average is $9.08. The firm has a market cap of $147.13 million, a P/E ratio of 39.63 and a beta of 0.76.

Institutional Trading of RADCOM

Large investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its holdings in shares of RADCOM by 4.4% in the 1st quarter. Russell Investments Group Ltd. now owns 116,551 shares of the technology company’s stock worth $1,301,000 after acquiring an additional 4,935 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in RADCOM by 109.2% in the first quarter. Janney Montgomery Scott LLC now owns 270,329 shares of the technology company’s stock worth $3,017,000 after purchasing an additional 141,079 shares in the last quarter. Inflection Point Investments LLP bought a new position in shares of RADCOM in the fourth quarter valued at about $4,883,000. P.A.W. Capital Corp raised its holdings in shares of RADCOM by 56.3% in the fourth quarter. P.A.W. Capital Corp now owns 250,000 shares of the technology company’s stock valued at $2,015,000 after buying an additional 90,000 shares during the last quarter. Finally, AWM Investment Company Inc. lifted its position in RADCOM by 9.2% during the 3rd quarter. AWM Investment Company Inc. now owns 753,929 shares of the technology company’s stock worth $6,552,000 after buying an additional 63,622 shares in the last quarter. 48.32% of the stock is owned by institutional investors.

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.