Timpani Capital Management LLC lessened its stake in shares of Radcom Ltd. (NASDAQ:RDCM) by 15.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 92,879 shares of the technology company’s stock after selling 17,521 shares during the period. Timpani Capital Management LLC owned about 0.80% of Radcom worth $1,797,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Goldman Sachs Group Inc. acquired a new stake in shares of Radcom during the 1st quarter valued at $735,000. Malaga Cove Capital LLC lifted its position in shares of Radcom by 9.1% during the 2nd quarter. Malaga Cove Capital LLC now owns 12,000 shares of the technology company’s stock valued at $224,000 after acquiring an additional 1,000 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Radcom by 161.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 304,346 shares of the technology company’s stock valued at $5,889,000 after acquiring an additional 187,816 shares during the last quarter. Finally, Raging Capital Management LLC lifted its position in shares of Radcom by 18.5% during the 1st quarter. Raging Capital Management LLC now owns 576,050 shares of the technology company’s stock valued at $12,385,000 after acquiring an additional 89,773 shares during the last quarter. Institutional investors own 15.12% of the company’s stock.
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Radcom Ltd. (RDCM) traded down 1.78% during mid-day trading on Friday, hitting $19.35. The stock had a trading volume of 12,318 shares. The company’s market cap is $226.18 million. The company has a 50-day moving average price of $19.87 and a 200 day moving average price of $19.60. Radcom Ltd. has a 1-year low of $16.60 and a 1-year high of $22.45.
Radcom (NASDAQ:RDCM) last posted its quarterly earnings data on Monday, August 7th. The technology company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.01. The business had revenue of $8.92 million for the quarter, compared to analysts’ expectations of $8.68 million. Radcom had a negative net margin of 3.90% and a negative return on equity of 2.19%. The firm’s revenue was up 23.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.20 EPS. Equities research analysts forecast that Radcom Ltd. will post $0.13 EPS for the current fiscal year.
RDCM has been the subject of a number of recent research reports. BidaskClub upgraded Radcom from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. William Blair reiterated a “buy” rating on shares of Radcom in a research report on Thursday, June 15th. ValuEngine downgraded Radcom from a “hold” rating to a “sell” rating in a research report on Monday, August 28th. Zacks Investment Research downgraded Radcom from a “hold” rating to a “sell” rating in a research report on Tuesday, August 15th. Finally, Needham & Company LLC restated a “buy” rating and issued a $27.00 target price on shares of Radcom in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Radcom has an average rating of “Hold” and an average price target of $25.00.
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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