Analysts Set RADCOM Ltd. (NASDAQ:RDCM) Price Target at $9.00

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Shares of RADCOM Ltd. (NASDAQ:RDCM) have received a consensus rating of “Hold” from the six research firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $9.00.

Separately, Zacks Investment Research lowered shares of ExlService from a “hold” rating to a “sell” rating in a report on Wednesday, July 10th.

Hedge funds and other institutional investors have recently modified their holdings of the business. Van ECK Associates Corp raised its holdings in RADCOM by 50.4% in the 4th quarter. Van ECK Associates Corp now owns 4,832 shares of the technology company’s stock worth $36,000 after purchasing an additional 1,619 shares in the last quarter. Two Sigma Investments LP raised its holdings in RADCOM by 77.8% in the 4th quarter. Two Sigma Investments LP now owns 24,924 shares of the technology company’s stock worth $185,000 after purchasing an additional 10,905 shares in the last quarter. ARK Investment Management LLC raised its holdings in RADCOM by 9.4% in the 1st quarter. ARK Investment Management LLC now owns 57,532 shares of the technology company’s stock worth $427,000 after purchasing an additional 4,947 shares in the last quarter. Finally, Delek Group Ltd. bought a new position in RADCOM in the 4th quarter worth $2,133,000. Institutional investors and hedge funds own 24.22% of the company’s stock.

NASDAQ:RDCM traded down $0.18 during midday trading on Wednesday, reaching $7.87. 281 shares of the stock traded hands, compared to its average volume of 9,297. The business has a fifty day moving average of $8.22. RADCOM has a 12 month low of $6.96 and a 12 month high of $21.75. The company has a quick ratio of 9.80, a current ratio of 9.84 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $110.06 million, a PE ratio of -42.50 and a beta of 0.42.

RADCOM (NASDAQ:RDCM) last posted its quarterly earnings results on Tuesday, May 7th. The technology company reported ($0.23) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.37) by $0.14. RADCOM had a negative net margin of 20.15% and a negative return on equity of 7.41%. The company had revenue of $6.05 million during the quarter, compared to analyst estimates of $3.50 million. As a group, analysts forecast that RADCOM will post -0.71 EPS for the current fiscal year.

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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