Value Base Ltd. Makes New Investment in RADCOM Ltd. (NASDAQ:RDCM)

Value Base Ltd. bought a new position in shares of RADCOM Ltd. (NASDAQ:RDCM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 835,734 shares of the technology company's stock, valued at approximately $10,330,000. RADCOM comprises about 6.3% of Value Base Ltd.'s holdings, making the stock its 5th largest position. Value Base Ltd. owned 5.34% of RADCOM at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Legato Capital Management LLC bought a new position in shares of RADCOM in the 4th quarter worth about $848,000. Acuitas Investments LLC increased its holdings in RADCOM by 21.6% in the fourth quarter. Acuitas Investments LLC now owns 183,498 shares of the technology company's stock worth $2,268,000 after purchasing an additional 32,631 shares in the last quarter. Essex Investment Management Co. LLC acquired a new position in RADCOM in the fourth quarter valued at approximately $2,832,000. Finally, Janney Montgomery Scott LLC lifted its stake in RADCOM by 3.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 313,211 shares of the technology company's stock valued at $3,871,000 after buying an additional 9,147 shares during the period. Institutional investors and hedge funds own 48.32% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. StockNews.com lowered shares of RADCOM from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, March 19th. Needham & Company LLC reissued a "buy" rating and set a $16.00 price objective on shares of RADCOM in a research report on Friday, January 17th.

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RADCOM Trading Up 2.5 %

Shares of RDCM stock traded up $0.31 during trading hours on Tuesday, reaching $12.70. The stock had a trading volume of 18,601 shares, compared to its average volume of 51,215. The stock's fifty day simple moving average is $12.94 and its 200 day simple moving average is $11.75. The firm has a market capitalization of $198.91 million, a PE ratio of 28.86 and a beta of 0.93. RADCOM Ltd. has a 12 month low of $8.52 and a 12 month high of $15.98.

RADCOM (NASDAQ:RDCM - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.14 EPS 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 research analysts anticipate that RADCOM Ltd. will post 0.54 EPS for the current fiscal year.

About RADCOM

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.