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

RDNT has been the subject of several analyst reports. Jefferies Group reaffirmed a “hold” rating on shares of RadNet in a research report on Monday, July 11th. Zacks Investment Research raised RadNet from a “hold” rating to a “buy” rating and set a $7.00 price objective for the company in a research report on Saturday, August 13th. B. Riley reaffirmed a “buy” rating and set a $9.00 price objective on shares of RadNet in a research report on Friday, May 6th. Finally, Sterne Agee CRT initiated coverage on RadNet in a research report on Thursday, June 2nd. They set a “neutral” rating for the company. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. RadNet currently has a consensus rating of “Buy” and an average price target of $8.25.

The stock’s 50 day moving average price is $5.90 and its 200 day moving average price is $5.44. The stock has a market capitalization of $303.20 million and a PE ratio of 28.39.

RadNet (NASDAQ:RDNT) last issued its earnings results on Tuesday, August 9th. The company reported $0.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.05. The firm earned $224.60 million during the quarter, compared to analyst estimates of $220.09 million. During the same quarter in the previous year, the business posted $0.08 EPS. RadNet’s revenue was up 7.0% compared to the same quarter last year. Equities analysts anticipate that RadNet Inc. will post $0.26 earnings per share for the current year.

In related news, VP Mark Stolper sold 35,414 shares of RadNet stock in a transaction on 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 owns 170,319 shares in the company, valued at $1,064,493.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

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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