RADCOM (RDCM) Rating Reiterated by William Blair
RADCOM (NASDAQ:RDCM)‘s stock had its “buy” rating reissued by William Blair in a report issued on Tuesday.
A number of other brokerages also recently weighed in on RDCM. Zacks Investment Research raised shares of RADCOM from a “hold” rating to a “strong-buy” rating and set a $23.00 target price on the stock in a research note on Saturday, November 11th. BidaskClub downgraded shares of RADCOM from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. RADCOM currently has an average rating of “Hold” and a consensus target price of $25.00.
Shares of RADCOM (RDCM) opened at $20.25 on Tuesday. The firm has a market cap of $238.89, a P/E ratio of -2,022.98 and a beta of 0.49. RADCOM has a one year low of $16.60 and a one year high of $22.45.
Several hedge funds have recently bought and sold shares of RDCM. Tower Research Capital LLC TRC raised its stake in shares of RADCOM by 109.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,626 shares of the technology company’s stock worth $171,000 after acquiring an additional 4,502 shares in the last quarter. ARK Investment Management LLC purchased a new position in shares of RADCOM during the fourth quarter worth approximately $248,000. Pinnacle Associates Ltd. purchased a new position in shares of RADCOM during the third quarter worth approximately $316,000. 1492 Capital Management LLC purchased a new position in shares of RADCOM during the fourth quarter worth approximately $518,000. Finally, Malaga Cove Capital LLC raised its stake in shares of RADCOM by 112.4% during the fourth quarter. Malaga Cove Capital LLC now owns 26,544 shares of the technology company’s stock worth $527,000 after acquiring an additional 14,044 shares in the last quarter. 15.15% of the stock is currently owned by hedge funds and other institutional investors.
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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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