Radcom Ltd. (NASDAQ:RDCM) Short Interest Update

Radcom Ltd. (NASDAQ:RDCM) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 352,333 shares, an increase of 134.0% from the June 15th total of 150,538 shares. Approximately 6.8% of the company’s shares are short sold. Based on an average daily volume of 209,544 shares, the short-interest ratio is currently 1.7 days.

Institutional Investors Weigh In On Radcom

A number of hedge funds have recently modified their holdings of RDCM. Russell Investments Group Ltd. grew its stake in shares of Radcom by 1.5% in the third quarter. Russell Investments Group Ltd. now owns 101,990 shares of the technology company’s stock valued at $1,477,000 after buying an additional 1,542 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Radcom during the 2nd quarter valued at about $34,000. Janney Montgomery Scott LLC grew its position in Radcom by 1.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 322,099 shares of the technology company’s stock valued at $4,213,000 after acquiring an additional 3,750 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Radcom by 20.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 24,026 shares of the technology company’s stock valued at $314,000 after acquiring an additional 4,140 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in Radcom by 93.8% during the third quarter. Bank of America Corp DE now owns 9,014 shares of the technology company’s stock worth $131,000 after purchasing an additional 4,364 shares during the period. Institutional investors own 48.32% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Radcom from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 21st. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

Radcom Stock Performance

Shares of RDCM traded down $0.08 during mid-day trading on Wednesday, reaching $14.06. The company had a trading volume of 60,083 shares, compared to its average volume of 144,540. The firm has a 50-day moving average price of $14.19 and a 200 day moving average price of $13.06. Radcom has a 52 week low of $10.41 and a 52 week high of $16.74. The company has a market capitalization of $235.36 million, a price-to-earnings ratio of 18.75 and a beta of 0.71.

Radcom (NASDAQ:RDCM) last released its quarterly earnings data on Tuesday, May 19th. The technology company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. Radcom had a net margin of 17.18% and a return on equity of 11.68%. The business had revenue of $18.59 million during the quarter, compared to analyst estimates of $18.61 million. As a group, research analysts forecast that Radcom will post 0.84 earnings per share for the current fiscal year.

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.