Radcom Ltd. (NASDAQ:RDCM)‘s stock had its “buy” rating reissued by investment analysts at Needham & Company LLC in a research report issued on Wednesday. They currently have a $27.00 price target on the technology company’s stock. Needham & Company LLC’s price target suggests a potential upside of 38.11% from the company’s current price.

Several other equities analysts have also recently commented on RDCM. William Blair reissued an “outperform” rating on shares of Radcom in a research report on Thursday, June 8th. Zacks Investment Research raised shares of Radcom from a “sell” rating to a “hold” rating in a research report on Tuesday, April 11th. Finally, BidaskClub raised shares of Radcom from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Radcom currently has a consensus rating of “Buy” and an average target price of $25.00.

Shares of Radcom (NASDAQ:RDCM) traded down 1.76% during trading on Wednesday, reaching $19.55. The company’s stock had a trading volume of 34,609 shares. The firm has a market cap of $227.76 million, a PE ratio of 337.07 and a beta of 1.35. The stock’s 50 day moving average price is $20.44 and its 200-day moving average price is $19.41. Radcom has a 12 month low of $16.10 and a 12 month high of $22.45.

Radcom (NASDAQ:RDCM) last posted its earnings results on Monday, August 7th. The technology company reported ($0.02) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. Radcom had a negative net margin of 3.90% and a negative return on equity of 2.21%. The firm had revenue of $8.92 million for the quarter, compared to analysts’ expectations of $8.68 million. During the same quarter last year, the firm earned $0.20 EPS. The company’s quarterly revenue was up 23.9% compared to the same quarter last year. Equities analysts predict that Radcom will post $0.13 EPS for the current year.

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Several large investors have recently modified their holdings of RDCM. Russell Investments Group Ltd. raised its stake in shares of Radcom by 161.2% in the second quarter. Russell Investments Group Ltd. now owns 304,346 shares of the technology company’s stock valued at $5,889,000 after buying an additional 187,816 shares during the last quarter. Malaga Cove Capital LLC raised its stake 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 during the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Radcom during the first quarter valued at about $735,000. Finally, Raging Capital Management LLC raised its stake 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 during the last quarter. Institutional investors own 18.18% of the company’s stock.

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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