RadNet Inc. (RDNT) Stock Price Up 3.4%
Shares of RadNet Inc. (NASDAQ:RDNT) rose 3.4% on Friday . The company traded as high as $6.98 and last traded at $6.96, with a volume of 79,798 shares trading hands. The stock had previously closed at $6.73.
RDNT has been the subject of a number of analyst reports. B. Riley reissued a “buy” rating and set a $9.00 price objective on shares of RadNet in a research note on Friday, May 6th. Zacks Investment Research raised RadNet from a “sell” rating to a “hold” rating in a research note on Wednesday, May 18th. Sterne Agee CRT initiated coverage on RadNet in a research note on Thursday, June 2nd. They issued a “neutral” rating for the company. Finally, Jefferies Group reaffirmed a “hold” rating on shares of RadNet in a research note on Monday, July 11th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. RadNet has an average rating of “Buy” and an average target price of $8.25.
The company has a 50-day moving average price of $6.20 and a 200-day moving average price of $5.54. The firm has a market cap of $325.02 million and a P/E ratio of 30.43.
RadNet (NASDAQ:RDNT) last announced its earnings results on Tuesday, August 9th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.05. The business had revenue of $224.60 million for the quarter, compared to analyst estimates of $220.09 million. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.08 earnings per share. Equities analysts anticipate that RadNet Inc. will post $0.26 earnings per share for the current year.
In other news, VP Mark Stolper sold 35,414 shares of the stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $6.25, for a total value of $221,337.50. Following the transaction, the vice president now directly owns 170,319 shares of the company’s stock, valued at $1,064,493.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey L. Linden sold 30,000 shares of the stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $6.41, for a total value of $192,300.00. Following the completion of the transaction, the insider now directly owns 963,709 shares in the company, valued at $6,177,374.69. The disclosure for this sale can be found here.
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.