Needham & Company LLC Reaffirms “Buy” Rating for RADCOM (NASDAQ:RDCM)

RADCOM (NASDAQ:RDCM)‘s stock had its “buy” rating reaffirmed by investment analysts at Needham & Company LLC in a research note issued on Friday,Benzinga reports. They presently have a $16.00 target price on the technology company’s stock. Needham & Company LLC’s price objective indicates a potential upside of 13.72% from the stock’s previous close.

Separately, StockNews.com cut RADCOM from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 11th.

RADCOM Stock Down 0.2 %

RDCM stock opened at $14.07 on Friday. The stock has a market capitalization of $220.34 million, a price-to-earnings ratio of 29.94 and a beta of 0.89. RADCOM has a 52-week low of $7.88 and a 52-week high of $14.33. The stock’s fifty day simple moving average is $12.03 and its 200-day simple moving average is $10.68.

Institutional Trading of RADCOM

A hedge fund recently raised its stake in RADCOM stock. Janney Montgomery Scott LLC grew its position in shares of RADCOM Ltd. (NASDAQ:RDCM) by 30.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 304,064 shares of the technology company’s stock after acquiring an additional 70,544 shares during the quarter. Janney Montgomery Scott LLC owned about 1.94% of RADCOM worth $3,144,000 at the end of the most recent quarter. 48.32% of the stock is currently owned by institutional investors and hedge funds.

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.