Shares of RadNet Inc. (NASDAQ:RDNT) dropped 1.2% on Thursday . The stock traded as low as $5.54 and last traded at $5.58, with a volume of 69,309 shares changing hands. The stock had previously closed at $5.65.

RDNT has been the subject of several recent analyst reports. Zacks Investment Research upgraded RadNet from a “sell” rating to a “hold” rating in a research note on Wednesday, May 18th. B. Riley reiterated a “buy” rating and issued a $9.00 price target on shares of RadNet in a research note on Tuesday, May 17th. Jefferies Group reiterated a “hold” rating on shares of RadNet in a research note on Monday. Sterne Agee CRT began coverage on RadNet in a research note on Thursday, June 2nd. They issued a “neutral” rating for the company. Finally, Sidoti began coverage on RadNet in a research note on Friday, April 15th. They issued a “buy” rating and a $9.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. RadNet presently has an average rating of “Hold” and a consensus price target of $8.06.

The company’s 50-day moving average price is $5.33 and its 200 day moving average price is $5.40. The company has a market capitalization of $271.80 million and a P/E ratio of 25.22.

RadNet (NASDAQ:RDNT) last released its quarterly earnings data on Tuesday, May 10th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by $0.05. The company had revenue of $216.40 million for the quarter, compared to analyst estimates of $205.01 million. The company’s revenue was up 19.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.11) earnings per share. Analysts predict that RadNet Inc. will post $0.19 EPS for the current year.

Other large investors have added to or reduced their stakes in the company. American Century Companies Inc. raised its stake in RadNet by 1.0% in the fourth quarter. American Century Companies Inc. now owns 164,463 shares of the company’s stock valued at $1,016,000 after buying an additional 1,571 shares during the last quarter. Oxford Asset Management acquired a new stake in RadNet during the fourth quarter valued at about $1,191,000. Redwood Investments LLC raised its stake in RadNet by 28.2% in the fourth quarter. Redwood Investments LLC now owns 273,505 shares of the company’s stock valued at $1,690,000 after buying an additional 60,127 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in RadNet by 3.1% in the fourth quarter. California Public Employees Retirement System now owns 376,000 shares of the company’s stock valued at $2,324,000 after buying an additional 11,300 shares during the last quarter.

RadNet, Inc is a provider of freestanding, fixed-site outpatient diagnostic imaging services in the United States. The Company operates directly or indirectly through joint ventures with hospitals, approximately 300 centers located in California, Delaware, Florida, Maryland, New Jersey, New York and Rhode Island.

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