RADCOM (NASDAQ:RDCM) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

RADCOM Ltd. (NASDAQ:RDCM) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.64 and traded as high as $12.16. RADCOM shares last traded at $12.15, with a volume of 59,377 shares traded.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on RDCM shares. StockNews.com lowered RADCOM from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 7th. Needham & Company LLC reissued a “buy” rating and set a $16.00 target price on shares of RADCOM in a research report on Friday, January 17th.

RADCOM Stock Performance

The firm has a 50-day moving average price of $12.96 and a two-hundred day moving average price of $11.64. The firm has a market cap of $190.29 million, a price-to-earnings ratio of 27.61 and a beta of 0.93.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio purchased a new position in shares of RADCOM in the 4th quarter valued at approximately $31,000. JPMorgan Chase & Co. grew its stake in shares of RADCOM by 1,433.3% in the 4th quarter. JPMorgan Chase & Co. now owns 4,600 shares of the technology company’s stock valued at $57,000 after purchasing an additional 4,300 shares during the last quarter. State of Tennessee Department of Treasury purchased a new position in shares of RADCOM in the 4th quarter valued at approximately $62,000. Prudential Financial Inc. purchased a new position in shares of RADCOM in the 4th quarter valued at approximately $183,000. Finally, Northern Trust Corp acquired a new stake in shares of RADCOM in the 4th quarter valued at approximately $269,000. 48.32% of the stock is currently owned by hedge funds and other institutional investors.

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.