Menta Capital LLC decreased its holdings in shares of Radcom Ltd. (NASDAQ:RDCM) by 14.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 186,790 shares of the technology company’s stock after selling 31,956 shares during the quarter. Radcom comprises approximately 0.4% of Menta Capital LLC’s portfolio, making the stock its 19th biggest holding. Menta Capital LLC owned approximately 1.60% of Radcom worth $3,614,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Malaga Cove Capital LLC raised its holdings in 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 period. Goldman Sachs Group Inc. bought a new stake in Radcom during the 1st quarter valued at $735,000. Russell Investments Group Ltd. raised its holdings in Radcom by 16.4% during the 1st quarter. Russell Investments Group Ltd. now owns 116,530 shares of the technology company’s stock valued at $2,505,000 after acquiring an additional 16,457 shares during the period. Finally, Raging Capital Management LLC raised its holdings in 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 period. 15.12% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have issued reports on the stock. Needham & Company LLC reissued a “buy” rating and set a $27.00 target price on shares of Radcom in a report on Wednesday, August 9th. William Blair reissued an “outperform” rating on shares of Radcom in a report on Thursday, June 8th. Zacks Investment Research cut shares of Radcom from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th. ValuEngine cut shares of Radcom from a “hold” rating to a “sell” rating in a report on Monday, August 28th. Finally, BidaskClub raised shares of Radcom from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Radcom has a consensus rating of “Hold” and an average price target of $25.00.
Radcom Ltd. (NASDAQ RDCM) traded up 0.25% on Tuesday, hitting $20.10. 6,488 shares of the stock traded hands. The company’s 50 day moving average price is $19.52 and its 200-day moving average price is $19.69. Radcom Ltd. has a 52-week low of $16.60 and a 52-week high of $22.45. The stock’s market cap is $234.95 million.
Radcom (NASDAQ:RDCM) last issued its quarterly earnings results on Monday, August 7th. The technology company reported ($0.02) earnings per share for the quarter, topping the Thomson Reuters’ 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 company’s revenue was up 23.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.20 EPS. On average, analysts forecast that Radcom Ltd. will post $0.13 earnings per share for the current fiscal year.
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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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