RADCOM Ltd. (NASDAQ:RDCM) Receives $9.00 Consensus Target Price from Brokerages

Shares of RADCOM Ltd. (NASDAQ:RDCM) have received a consensus rating of “Hold” from the six analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $9.00.

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

Shares of NASDAQ RDCM traded down $0.40 during midday trading on Wednesday, hitting $7.60. 8,256 shares of the company’s stock traded hands, compared to its average volume of 20,615. RADCOM has a 1 year low of $6.96 and a 1 year high of $21.75. The stock has a market capitalization of $107.17 million, a PE ratio of -42.22 and a beta of 0.42. The company has a debt-to-equity ratio of 0.06, a current ratio of 9.84 and a quick ratio of 9.80. The company has a fifty day moving average price of $8.22.

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

Several large investors have recently modified their holdings of RDCM. Delek Group Ltd. acquired a new position in RADCOM during the fourth quarter worth $2,133,000. Van ECK Associates Corp boosted its position in shares of RADCOM by 50.4% during the 4th quarter. Van ECK Associates Corp now owns 4,832 shares of the technology company’s stock worth $36,000 after acquiring an additional 1,619 shares in the last quarter. ARK Investment Management LLC boosted its position in shares of RADCOM by 9.4% during the 1st quarter. ARK Investment Management LLC now owns 57,532 shares of the technology company’s stock worth $427,000 after acquiring an additional 4,947 shares in the last quarter. Two Sigma Investments LP boosted its position in shares of RADCOM by 77.8% during the 4th quarter. Two Sigma Investments LP now owns 24,924 shares of the technology company’s stock worth $185,000 after acquiring an additional 10,905 shares in the last quarter. Finally, Taylor Frigon Capital Management LLC boosted its position in shares of RADCOM by 7.6% during the 2nd quarter. Taylor Frigon Capital Management LLC now owns 291,088 shares of the technology company’s stock worth $2,395,000 after acquiring an additional 20,454 shares in the last quarter. 24.22% of the stock is currently owned by hedge funds and other institutional investors.

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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