RadNet Inc. (NASDAQ:RDNT) VP Mark Stolper sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 20th. The shares were sold at an average price of $13.19, for a total transaction of $197,850.00. Following the completion of the transaction, the vice president now owns 130,319 shares of the company’s stock, valued at $1,718,907.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of RDNT stock opened at $13.20 on Wednesday. RadNet Inc. has a 1 year low of $5.40 and a 1 year high of $13.40. The stock has a market cap of $614.96, a P/E ratio of -1,320,000.00, a price-to-earnings-growth ratio of 2.95 and a beta of 0.69. The company has a debt-to-equity ratio of 7.88, a quick ratio of 1.29 and a current ratio of 1.29.
RadNet (NASDAQ:RDNT) last announced its earnings results on Thursday, March 8th. The medical research company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.01). The company had revenue of $235.50 million for the quarter, compared to the consensus estimate of $228.46 million. RadNet had a net margin of 0.01% and a return on equity of 26.66%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.08 earnings per share. equities research analysts anticipate that RadNet Inc. will post 0.54 EPS for the current year.
A number of equities analysts have recently commented on RDNT shares. Zacks Investment Research upgraded shares of RadNet from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Thursday, January 4th. BidaskClub upgraded shares of RadNet from a “sell” rating to a “hold” rating in a research report on Saturday, January 6th. Jefferies Group set a $14.00 price objective on shares of RadNet and gave the company a “buy” rating in a research report on Thursday, March 8th. FIX started coverage on shares of RadNet in a research report on Wednesday, March 14th. They issued a “strong-buy” rating and a $15.00 price objective for the company. Finally, Raymond James Financial initiated coverage on shares of RadNet in a research report on Wednesday, March 14th. They issued a “strong-buy” rating and a $15.00 price objective for the company. Three research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. RadNet currently has an average rating of “Buy” and a consensus target price of $14.50.
Institutional investors and hedge funds have recently made changes to their positions in the company. Teacher Retirement System of Texas bought a new stake in shares of RadNet in the 4th quarter worth approximately $128,000. LPL Financial LLC bought a new stake in shares of RadNet in the 4th quarter worth approximately $132,000. Cubist Systematic Strategies LLC bought a new stake in shares of RadNet in the 3rd quarter worth approximately $195,000. Alambic Investment Management L.P. bought a new stake in shares of RadNet in the 4th quarter worth approximately $176,000. Finally, Smith Asset Management Group LP bought a new stake in shares of RadNet in the 4th quarter worth approximately $192,000. Hedge funds and other institutional investors own 56.53% of the company’s stock.
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RadNet, Inc is a provider of freestanding, fixed-site outpatient diagnostic imaging services in the United States. As of December 31, 2016, the Company operated directly or indirectly through joint ventures, 305 centers located in California, Delaware, Florida, Maryland, New Jersey, New York and Rhode Island.
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