RADCOM (NASDAQ:RDCM) Given New $18.00 Price Target at Needham & Company LLC

RADCOM (NASDAQ:RDCM) had its price target hoisted by Needham & Company LLC from $17.00 to $18.00 in a research report report published on Thursday,Benzinga reports. They currently have a buy rating on the technology company’s stock.

Separately, StockNews.com raised shares of RADCOM from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 8th.

RADCOM Stock Down 3.1%

NASDAQ:RDCM opened at $13.07 on Thursday. The company has a market capitalization of $204.70 million, a P/E ratio of 29.71 and a beta of 0.71. RADCOM has a 52 week low of $8.87 and a 52 week high of $15.98. The stock’s fifty day moving average is $11.63 and its two-hundred day moving average is $12.06.

RADCOM (NASDAQ:RDCM) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.05). RADCOM had a net margin of 11.42% and a return on equity of 8.18%. Sell-side analysts anticipate that RADCOM will post 0.54 earnings per share for the current fiscal year.

Hedge Funds Weigh In On RADCOM

Hedge funds and other institutional investors have recently bought and sold shares of the company. Value Base Ltd. acquired a new stake in shares of RADCOM during the fourth quarter worth about $10,330,000. Essex Investment Management Co. LLC acquired a new stake in shares of RADCOM in the 4th quarter valued at $2,832,000. ARK Investment Management LLC acquired a new position in shares of RADCOM during the first quarter worth $1,575,000. Legato Capital Management LLC acquired a new position in shares of RADCOM during the fourth quarter worth $848,000. Finally, Walleye Capital LLC purchased a new position in RADCOM in the fourth quarter valued at $681,000. 48.32% of the stock is currently owned by hedge funds and other institutional investors.

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.