RadNet Inc. (NASDAQ:RDNT) insider Norman R. Hames sold 7,322 shares of the business’s stock in a transaction dated Friday, November 25th. The stock was sold at an average price of $6.12, for a total transaction of $44,810.64. Following the sale, the insider now directly owns 629,872 shares of the company’s stock, valued at approximately $3,854,816.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of RadNet Inc. (NASDAQ:RDNT) opened at 6.10 on Tuesday. The stock has a 50 day moving average of $6.93 and a 200 day moving average of $6.27. The stock has a market cap of $283.45 million, a PE ratio of 63.54 and a beta of 1.59. RadNet Inc. has a 1-year low of $4.66 and a 1-year high of $7.98.

RadNet (NASDAQ:RDNT) last issued its earnings results on Wednesday, November 9th. The company reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.07. The firm earned $224.60 million during the quarter, compared to analysts’ expectations of $223.31 million. RadNet had a net margin of 0.51% and a return on equity of 22.29%. The firm’s revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 EPS. Equities research analysts forecast that RadNet Inc. will post $0.23 EPS for the current year.

Insider Buying and Selling by Quarter for RadNet (NASDAQ:RDNT)

ILLEGAL ACTIVITY NOTICE: This story was originally posted by Daily Political and is the propert of of Daily Political. If you are accessing this story on another website, it was illegally copied and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this story can be viewed at http://www.dailypolitical.com/2016/11/29/radnet-inc-rdnt-insider-norman-r-hames-sells-7322-shares.html.

A number of research firms have recently commented on RDNT. Jefferies Group reissued a “hold” rating and set a $7.00 target price on shares of RadNet in a research note on Thursday, November 10th. Craig Hallum downgraded shares of RadNet from a “buy” rating to a “hold” rating in a report on Wednesday, November 9th. Zacks Investment Research downgraded shares of RadNet from a “buy” rating to a “hold” rating in a report on Wednesday, October 12th. Finally, B. Riley reiterated a “buy” rating and issued a $9.00 price objective on shares of RadNet in a report on Saturday, September 3rd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. RadNet presently has a consensus rating of “Hold” and an average target price of $8.00.

Hedge funds have recently modified their holdings of the stock. BlackRock Advisors LLC increased its stake in shares of RadNet by 1.0% in the third quarter. BlackRock Advisors LLC now owns 18,716 shares of the company’s stock valued at $138,000 after buying an additional 179 shares during the last quarter. Rhumbline Advisers increased its stake in shares of RadNet by 1.4% in the third quarter. Rhumbline Advisers now owns 35,850 shares of the company’s stock valued at $265,000 after buying an additional 500 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of RadNet by 0.6% in the third quarter. California State Teachers Retirement System now owns 78,380 shares of the company’s stock valued at $580,000 after buying an additional 500 shares during the last quarter. BlackRock Investment Management LLC increased its stake in shares of RadNet by 0.5% in the third quarter. BlackRock Investment Management LLC now owns 143,646 shares of the company’s stock valued at $1,063,000 after buying an additional 644 shares during the last quarter. Finally, Beck Mack & Oliver LLC increased its stake in shares of RadNet by 0.5% in the third quarter. Beck Mack & Oliver LLC now owns 186,901 shares of the company’s stock valued at $1,383,000 after buying an additional 1,000 shares during the last quarter. 46.97% of the stock is currently owned by institutional investors and hedge funds.

RadNet Company Profile

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.

5 Day Chart for NASDAQ:RDNT

Receive News & Ratings for RadNet Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RadNet Inc. and related companies with MarketBeat.com's FREE daily email newsletter.