Essex Investment Management Co. LLC Purchases New Shares in RADCOM Ltd. (NASDAQ:RDCM)

Essex Investment Management Co. LLC acquired a new position in shares of RADCOM Ltd. (NASDAQ:RDCM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 229,133 shares of the technology company’s stock, valued at approximately $2,832,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Acuitas Investments LLC lifted its stake in shares of RADCOM by 21.6% during the fourth quarter. Acuitas Investments LLC now owns 183,498 shares of the technology company’s stock valued at $2,268,000 after acquiring an additional 32,631 shares during the period. Legato Capital Management LLC acquired a new position in RADCOM during the 4th quarter valued at about $848,000. Finally, Janney Montgomery Scott LLC boosted its stake in shares of RADCOM by 3.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 313,211 shares of the technology company’s stock valued at $3,871,000 after purchasing an additional 9,147 shares during the last quarter. Institutional investors and hedge funds own 48.32% of the company’s stock.

Analysts Set New Price Targets

RDCM has been the subject of a number of recent research reports. StockNews.com downgraded shares of RADCOM from a “strong-buy” rating to a “buy” rating in a research note on Friday. Needham & Company LLC reiterated a “buy” rating and set a $16.00 target price on shares of RADCOM in a research report on Friday, January 17th.

RADCOM Trading Up 3.5 %

Shares of RDCM opened at $11.69 on Monday. The stock has a market cap of $183.09 million, a P/E ratio of 26.57 and a beta of 0.93. RADCOM Ltd. has a 1 year low of $8.52 and a 1 year high of $15.98. The stock’s 50-day moving average price is $12.99 and its two-hundred day moving average price is $11.56.

RADCOM (NASDAQ:RDCM) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.05). RADCOM had a net margin of 11.42% and a return on equity of 8.18%. As a group, equities analysts forecast that RADCOM Ltd. will post 0.54 EPS for the current year.

RADCOM 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.