Shares of RadNet Inc. (NASDAQ:RDNT) traded down 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 traded. The stock had previously closed at $5.65.

Several analysts have weighed in on the stock. Jefferies Group reissued a “hold” rating on shares of RadNet in a research note on Monday, July 11th. Sterne Agee CRT assumed coverage on shares of RadNet in a research note on Thursday, June 2nd. They issued a “neutral” rating for the company. Zacks Investment Research raised shares of RadNet from a “sell” rating to a “hold” rating in a research note on Wednesday, May 18th. B. Riley reissued a “buy” rating and issued a $9.00 price target on shares of RadNet in a research note on Tuesday, May 17th. Finally, Sidoti assumed coverage on shares of 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 given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $8.06.

The stock has a market cap of $277.47 million and a PE ratio of 25.75. The stock’s 50-day moving average price is $5.35 and its 200-day moving average price is $5.40.

RadNet (NASDAQ:RDNT) last announced its quarterly earnings data on Tuesday, May 10th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.05. The firm had revenue of $216.40 million for the quarter, compared to analysts’ expectations of $205.01 million. During the same period in the previous year, the business posted ($0.11) earnings per share. RadNet’s quarterly revenue was up 19.4% on a year-over-year basis. On average, equities analysts expect that RadNet Inc. will post $0.19 EPS for the current fiscal year.

A number of institutional investors recently bought and sold shares of RDNT. American Century Companies Inc. boosted its position 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 bought a new position in RadNet during the fourth quarter valued at $1,191,000. Redwood Investments LLC boosted its position 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 boosted its position 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.