RadNet Inc. (NASDAQ:RDNT) was up 3.4% during trading on Friday . The stock traded as high as $6.98 and last traded at $6.96, with a volume of 79,798 shares changing hands. The stock had previously closed at $6.73.

Several equities research analysts have recently commented on RDNT shares. Jefferies Group restated a “hold” rating on shares of RadNet in a research note on Monday, July 11th. Zacks Investment Research upgraded shares of RadNet from a “hold” rating to a “buy” rating and set a $7.00 target price on the stock in a research note on Saturday, August 13th. B. Riley restated a “buy” rating and issued a $9.00 target price on shares of RadNet in a research note on Tuesday, August 9th. Finally, Sterne Agee CRT started coverage on shares of RadNet in a research note 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 issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $8.25.

The company has a market cap of $325.02 million and a price-to-earnings ratio of 30.43. The stock has a 50-day moving average of $6.20 and a 200 day moving average of $5.54.

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

In other RadNet news, insider Jeffrey L. Linden sold 30,000 shares of the firm’s stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $6.41, for a total transaction of $192,300.00. Following the completion of the sale, the insider now owns 963,709 shares of the company’s stock, valued at approximately $6,177,374.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Mark Stolper sold 35,414 shares of the firm’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 directly owns 170,319 shares of the company’s stock, valued at approximately $1,064,493.75. 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.

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