Shares of RadNet Inc. (NASDAQ:RDNT) rose 2.1% on Friday . The stock traded as high as $6.48 and last traded at $6.47, with a volume of 87,238 shares changing hands. The stock had previously closed at $6.34.

RDNT has been the topic of several recent research reports. Zacks Investment Research upgraded shares of RadNet from a “sell” rating to a “hold” rating in a research report on Wednesday, May 18th. B. Riley reiterated a “buy” rating and issued a $9.00 price objective on shares of RadNet in a research report on Tuesday, May 17th. Jefferies Group reiterated a “hold” rating on shares of RadNet in a research report on Monday, July 11th. Finally, Sterne Agee CRT initiated coverage on shares of RadNet in a research report on Thursday, June 2nd. They issued a “neutral” rating on the stock. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $8.25.

The company has a 50 day moving average price of $5.90 and a 200-day moving average price of $5.44. The company has a market cap of $303.20 million and a P/E ratio of 28.39.

RadNet (NASDAQ:RDNT) last announced its earnings results on Tuesday, August 9th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.05. During the same period last year, the firm posted $0.08 EPS. The company had revenue of $224.60 million for the quarter, compared to the consensus estimate of $220.09 million. The company’s revenue was up 7.0% compared to the same quarter last year. Analysts anticipate that RadNet Inc. will post $0.26 earnings per share for the current fiscal year.

In other RadNet news, VP Mark Stolper sold 35,414 shares of the business’s stock in a transaction 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 sale, 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 legal filing with the Securities & Exchange Commission, which is available at this link.

An institutional investor recently raised its position in RadNet stock. Redwood Investments LLC raised its stake in shares of RadNet Inc. (NASDAQ:RDNT) by 28.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 273,505 shares of the company’s stock after buying an additional 60,127 shares during the period. Redwood Investments LLC owned about 0.59% of RadNet worth $1,690,000 at the end of the most recent 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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