Raging Capital Management LLC lifted its stake in shares of RADCOM Ltd. (NASDAQ:RDCM) by 157.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,271,758 shares of the technology company’s stock after buying an additional 778,207 shares during the quarter. RADCOM makes up about 3.4% of Raging Capital Management LLC’s investment portfolio, making the stock its 12th largest holding. Raging Capital Management LLC owned approximately 9.66% of RADCOM worth $25,244,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in RDCM. Tower Research Capital LLC TRC lifted its stake in RADCOM by 109.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,626 shares of the technology company’s stock worth $171,000 after purchasing an additional 4,502 shares during the last quarter. ARK Investment Management LLC bought a new position in RADCOM during the fourth quarter worth $248,000. Pinnacle Associates Ltd. bought a new position in RADCOM during the third quarter worth $316,000. Malaga Cove Capital LLC lifted its stake in RADCOM by 112.4% during the fourth quarter. Malaga Cove Capital LLC now owns 26,544 shares of the technology company’s stock worth $527,000 after purchasing an additional 14,044 shares during the last quarter. Finally, Granite Investment Partners LLC bought a new position in RADCOM during the third quarter worth $548,000. 24.77% of the stock is owned by institutional investors and hedge funds.
RADCOM Ltd. (RDCM) traded down $0.50 during mid-day trading on Thursday, reaching $19.10. The company’s stock had a trading volume of 12,744 shares, compared to its average volume of 37,220. The company has a market capitalization of $256.66, a PE ratio of 86.82 and a beta of 0.41. RADCOM Ltd. has a 12 month low of $17.00 and a 12 month high of $22.45.
RADCOM (NASDAQ:RDCM) last posted its earnings results on Tuesday, February 13th. The technology company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.10. RADCOM had a return on equity of 5.75% and a net margin of 7.79%. The company had revenue of $10.60 million for the quarter, compared to analysts’ expectations of $10.54 million. During the same period last year, the business posted $0.04 earnings per share. The firm’s quarterly revenue was up 32.5% compared to the same quarter last year. equities analysts forecast that RADCOM Ltd. will post 0.16 EPS for the current fiscal year.
Several equities analysts recently issued reports on the company. William Blair restated a “buy” rating on shares of RADCOM in a research note on Tuesday, February 13th. BidaskClub cut RADCOM from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Zacks Investment Research cut RADCOM from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Finally, TheStreet upgraded RADCOM from a “c” rating to a “b-” rating in a research note on Thursday, February 15th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $25.00.
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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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