Shares of Radcom Ltd. (NASDAQ:RDCM) have been assigned a consensus rating of “Buy” from the six brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $25.00.

A number of research firms recently issued reports on RDCM. Zacks Investment Research cut shares of Radcom from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. William Blair began coverage on shares of Radcom in a research report on Monday, October 9th. They set a “buy” rating for the company. Needham & Company LLC reiterated a “buy” rating and set a $27.00 price objective on shares of Radcom in a research report on Wednesday, August 9th. Finally, ValuEngine upgraded shares of Radcom from a “sell” rating to a “hold” rating in a research report on Sunday, September 3rd.

A number of hedge funds and other institutional investors have recently made changes to their positions in RDCM. Russell Investments Group Ltd. increased its position in Radcom by 161.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 304,346 shares of the technology company’s stock valued at $5,889,000 after acquiring an additional 187,816 shares during the period. Goldman Sachs Group Inc. acquired a new position in Radcom in the 1st quarter valued at approximately $735,000. Granite Investment Partners LLC acquired a new position in Radcom in the 3rd quarter valued at approximately $548,000. Pinnacle Associates Ltd. acquired a new position in Radcom in the 3rd quarter valued at approximately $316,000. Finally, ETF Managers Group LLC acquired a new position in Radcom in the 2nd quarter valued at approximately $101,000. Hedge funds and other institutional investors own 14.26% of the company’s stock.

Radcom (RDCM) opened at $20.45 on Wednesday. The stock has a market cap of $261.27, a P/E ratio of 992.50 and a beta of 1.16. Radcom has a 12-month low of $16.60 and a 12-month high of $22.45.

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Radcom Company Profile

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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