RadNet Inc. (NASDAQ:RDNT)’s share price dropped 2.5% during mid-day trading on Tuesday . The company traded as low as $6.09 and last traded at $6.13, with a volume of 53,373 shares. The stock had previously closed at $6.29.

RDNT has been the topic of a number of research analyst reports. B. Riley reissued a “buy” rating and set a $9.00 price objective on shares of RadNet in a report on Sunday. Zacks Investment Research raised shares of RadNet from a “hold” rating to a “buy” rating and set a $7.00 price objective on the stock in a report on Saturday. Jefferies Group reissued a “hold” rating on shares of RadNet in a report on Friday, August 5th. Finally, Sterne Agee CRT initiated coverage on shares of RadNet in a report on Thursday, June 2nd. They set a “neutral” rating on the stock. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $8.25.

The firm’s 50 day moving average price is $5.77 and its 200 day moving average price is $5.42. The company has a market cap of $284.16 million and a PE ratio of 26.61.

RadNet (NASDAQ:RDNT) last issued its quarterly earnings results on Tuesday, August 9th. The company reported $0.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.05. The business earned $224.60 million during the quarter, compared to analysts’ expectations of $220.09 million. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.08 EPS. On average, equities research analysts predict that RadNet Inc. will post $0.24 EPS for the current fiscal year.

In other RadNet news, VP Mark Stolper sold 35,414 shares of the firm’s stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $6.25, for a total value of $221,337.50. Following the completion of the transaction, the vice president now owns 170,319 shares of the company’s stock, valued at approximately $1,064,493.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

An institutional investor recently raised its position in RadNet stock. Weber Alan W boosted its position in shares of RadNet Inc. (NASDAQ:RDNT) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,361,700 shares of the company’s stock after buying an additional 100,894 shares during the period. RadNet accounts for about 16.8% of Weber Alan W’s investment portfolio, making the stock its 2nd largest position. Weber Alan W owned 7.29% of RadNet worth $20,775,000 at the end of the most recent reporting period.

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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