Radcom Ltd. (NASDAQ:RDCM) Sees Significant Increase in Short Interest
by Doug Wharley · The Cerbat GemRadcom Ltd. (NASDAQ:RDCM – Get Free Report) was the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 259,303 shares, an increase of 127.5% from the April 15th total of 113,979 shares. Approximately 5.0% of the shares of the company are sold short. Based on an average daily volume of 284,596 shares, the days-to-cover ratio is presently 0.9 days.
Institutional Trading of Radcom
Hedge funds have recently modified their holdings of the stock. Private Advisor Group LLC purchased a new position in Radcom during the third quarter worth approximately $4,058,000. Lynrock Lake LP boosted its position in Radcom by 7.7% during the fourth quarter. Lynrock Lake LP now owns 2,441,775 shares of the technology company’s stock worth $31,938,000 after purchasing an additional 175,094 shares in the last quarter. Nano Cap New Millennium Growth Fund L P purchased a new position in Radcom during the fourth quarter worth approximately $1,334,000. Marshall Wace LLP boosted its position in Radcom by 58.1% during the fourth quarter. Marshall Wace LLP now owns 195,554 shares of the technology company’s stock worth $2,558,000 after purchasing an additional 71,873 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in Radcom by 67.1% during the fourth quarter. Russell Investments Group Ltd. now owns 170,410 shares of the technology company’s stock worth $2,230,000 after purchasing an additional 68,420 shares in the last quarter. Hedge funds and other institutional investors own 48.32% of the company’s stock.
Radcom Stock Down 1.5%
Shares of RDCM traded down $0.24 during mid-day trading on Friday, reaching $15.75. The company had a trading volume of 122,701 shares, compared to its average volume of 261,111. Radcom has a 52-week low of $10.41 and a 52-week high of $16.74. The stock has a market capitalization of $263.66 million, a P/E ratio of 21.88 and a beta of 0.75. The stock has a 50 day moving average of $13.05 and a two-hundred day moving average of $12.85.
Radcom (NASDAQ:RDCM – Get Free Report) last issued its earnings results on Thursday, February 12th. The technology company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.08. Radcom had a return on equity of 11.53% and a net margin of 16.77%.The firm had revenue of $18.86 million for the quarter, compared to the consensus estimate of $18.46 million. On average, sell-side analysts expect that Radcom will post 0.84 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several analysts have weighed in on RDCM shares. Needham & Company LLC reiterated a “buy” rating and set a $18.00 price target on shares of Radcom in a research note on Wednesday, February 11th. Wall Street Zen downgraded Radcom from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 21st. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $18.00.
Read Our Latest Stock Analysis on RDCM
Radcom Company Profile
Radcom Ltd. (NASDAQ: RDCM) is a provider of cloud-based service assurance and analytics solutions designed to help communications service providers monitor and optimize the performance of their networks. Its flagship product, RADCOM ACE, delivers real-time visibility into service quality, subscriber experience and network resource utilization across traditional and virtualized architectures. By combining packet-level data collection with advanced analytics and machine-learning algorithms, Radcom enables carriers to detect, troubleshoot and resolve network and service issues before they impact end users.
Founded in 1991 and headquartered in Tel Aviv, Israel, Radcom has evolved from an early vendor of network testing equipment into a specialist in end-to-end assurance for voice, data, video and next-generation services.