Short Interest in Radcom Ltd. (NASDAQ:RDCM) Rises By 127.5%

Radcom Ltd. (NASDAQ:RDCM) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totaling 259,303 shares, a growth of 127.5% from the April 15th total of 113,979 shares. Currently, 5.0% of the shares of the stock are short sold. Based on an average trading volume of 284,596 shares, the days-to-cover ratio is presently 0.9 days.

Radcom Stock Performance

Shares of RDCM opened at $15.75 on Friday. Radcom has a twelve month low of $10.41 and a twelve month high of $16.74. The firm’s 50 day moving average price is $13.05 and its two-hundred day moving average price is $12.85. The firm has a market cap of $263.66 million, a P/E ratio of 21.88 and a beta of 0.75.

Radcom (NASDAQ:RDCM) last announced its quarterly earnings results on Thursday, February 12th. The technology company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.08. Radcom had a net margin of 16.77% and a return on equity of 11.53%. The firm had revenue of $18.86 million for the quarter, compared to analyst estimates of $18.46 million. On average, sell-side analysts anticipate that Radcom will post 0.84 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Lynrock Lake LP lifted its position in shares of Radcom by 7.7% in 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. Private Advisor Group LLC lifted its position in shares of Radcom by 2.1% in the first quarter. Private Advisor Group LLC now owns 351,019 shares of the technology company’s stock worth $4,268,000 after purchasing an additional 7,372 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Radcom by 1.7% in the first quarter. Janney Montgomery Scott LLC now owns 327,479 shares of the technology company’s stock worth $3,982,000 after purchasing an additional 5,380 shares in the last quarter. Herald Investment Management Ltd lifted its position in shares of Radcom by 9.1% in the third quarter. Herald Investment Management Ltd now owns 300,000 shares of the technology company’s stock worth $4,272,000 after purchasing an additional 25,000 shares in the last quarter. Finally, Essex Investment Management Co. LLC lifted its position in shares of Radcom by 3.4% in the third quarter. Essex Investment Management Co. LLC now owns 233,361 shares of the technology company’s stock worth $3,381,000 after purchasing an additional 7,642 shares in the last quarter. Institutional investors own 48.32% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on RDCM shares. Wall Street Zen cut shares of Radcom from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 21st. Needham & Company LLC reiterated a “buy” rating and set a $18.00 price target on shares of Radcom in a research report on Wednesday, February 11th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

About Radcom

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.