Radcom Ltd. (NASDAQ:RDCM) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

Other analysts also recently issued reports about the company. William Blair restated a “buy” rating on shares of Radcom in a research note on Thursday, June 15th. Zacks Investment Research raised Radcom from a “sell” rating to a “hold” rating in a report on Tuesday, April 11th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Radcom currently has a consensus rating of “Buy” and a consensus target price of $25.00.

Shares of Radcom (NASDAQ RDCM) traded up 5.26% on Wednesday, hitting $22.00. The company had a trading volume of 57,600 shares. The company has a market capitalization of $256.30 million, a P/E ratio of 379.31 and a beta of 1.33. Radcom has a 12-month low of $13.22 and a 12-month high of $22.45. The firm has a 50-day moving average price of $19.87 and a 200 day moving average price of $19.16.

Radcom (NASDAQ:RDCM) last released its quarterly earnings results on Thursday, May 4th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.03). The business had revenue of $8 million during the quarter, compared to the consensus estimate of $7.43 million. Radcom had a return on equity of 2.70% and a net margin of 2.18%. The firm’s revenue for the quarter was up 23.1% compared to the same quarter last year. Equities analysts expect that Radcom will post $0.26 EPS for the current year.

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Institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. bought a new position in shares of Radcom during the fourth quarter valued at $1,791,000. Raging Capital Management LLC boosted its position in shares of Radcom by 18.5% in the first quarter. Raging Capital Management LLC now owns 576,050 shares of the technology company’s stock valued at $12,385,000 after buying an additional 89,773 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in shares of Radcom during the first quarter valued at $735,000. Finally, Malaga Cove Capital LLC boosted its position in shares of Radcom by 9.1% in the second quarter. Malaga Cove Capital LLC now owns 12,000 shares of the technology company’s stock valued at $224,000 after buying an additional 1,000 shares in the last quarter. 16.55% of the stock is owned by hedge funds and other institutional investors.

About Radcom

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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