RADCOM (RDCM) Downgraded to Hold at Needham & Company LLC

RADCOM (NASDAQ:RDCM) was downgraded by research analysts at Needham & Company LLC from a “buy” rating to a “hold” rating in a research report issued on Tuesday, The Fly reports.

Several other equities research analysts have also 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 Wednesday, October 17th. ValuEngine upgraded shares of RADCOM from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $10.63.

Shares of NASDAQ:RDCM traded down $0.58 during midday trading on Tuesday, reaching $7.48. The company’s stock had a trading volume of 43,808 shares, compared to its average volume of 19,696. The firm has a market capitalization of $108.40 million, a P/E ratio of 32.50 and a beta of 0.57. RADCOM has a twelve month low of $6.96 and a twelve month high of $21.80.

A number of large investors have recently modified their holdings of the business. Renaissance Technologies LLC increased its holdings in shares of RADCOM by 119.7% during the second quarter. Renaissance Technologies LLC now owns 154,700 shares of the technology company’s stock valued at $3,055,000 after purchasing an additional 84,300 shares during the period. Northern Trust Corp acquired a new stake in shares of RADCOM during the 2nd quarter valued at about $104,000. AWM Investment Company Inc. bought a new position in shares of RADCOM in the 3rd quarter valued at approximately $4,372,000. Senvest Management LLC raised its stake in shares of RADCOM by 33.9% in the 3rd quarter. Senvest Management LLC now owns 230,290 shares of the technology company’s stock valued at $2,591,000 after acquiring an additional 58,251 shares in the last quarter. Finally, Laurion Capital Management LP bought a new position in RADCOM in the 3rd quarter worth approximately $329,000. 25.47% of the stock is owned by institutional investors.

RADCOM Company Profile

RADCOM Ltd. provides service assurance and customer experience management solutions for communication service providers (CSPs). Its carrier-grade solutions support mobile and fixed networks, and scale to terabit data bandwidths to enable data analytics. The company offers solutions for virtualized infrastructure and next-generation networks.

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