Shares of RadNet, Inc. (NASDAQ:RDNT – Get Free Report) have received a consensus recommendation of “Buy” from the five analysts that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $79.75.
A number of brokerages have recently issued reports on RDNT. Jefferies Financial Group cut their price objective on shares of RadNet from $100.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday. Sidoti raised shares of RadNet to a “strong-buy” rating in a research report on Friday, October 4th. Barclays increased their price target on shares of RadNet from $79.00 to $85.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Finally, Truist Financial increased their price target on shares of RadNet from $80.00 to $94.00 and gave the company a “buy” rating in a research report on Friday, November 29th.
View Our Latest Report on RDNT
RadNet Price Performance
Insider Transactions at RadNet
In related news, insider Ranjan Jayanathan sold 38,557 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $80.00, for a total value of $3,084,560.00. Following the completion of the transaction, the insider now directly owns 192,724 shares in the company, valued at $15,417,920. This trade represents a 16.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David Jeffrey Katz sold 12,300 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $81.65, for a total transaction of $1,004,295.00. Following the completion of the transaction, the executive vice president now owns 62,909 shares of the company’s stock, valued at approximately $5,136,519.85. The trade was a 16.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.12% of the company’s stock.
Institutional Trading of RadNet
Institutional investors and hedge funds have recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its holdings in shares of RadNet by 3.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 93,391 shares of the medical research company’s stock valued at $5,503,000 after acquiring an additional 3,521 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in shares of RadNet during the 2nd quarter valued at about $353,000. Intech Investment Management LLC purchased a new stake in shares of RadNet during the 2nd quarter valued at about $446,000. Public Employees Retirement Association of Colorado purchased a new stake in shares of RadNet during the 2nd quarter valued at about $331,000. Finally, Sei Investments Co. boosted its holdings in shares of RadNet by 139.9% during the 2nd quarter. Sei Investments Co. now owns 158,123 shares of the medical research company’s stock valued at $9,317,000 after acquiring an additional 92,224 shares during the last quarter. 77.90% of the stock is currently owned by institutional investors.
RadNet Company Profile
RadNet, Inc, together with its subsidiaries, provides outpatient diagnostic imaging services in the United States. The company operates in two segments: Imaging Centers and Artificial Intelligence. Its services include magnetic resonance imaging, computed tomography, positron emission tomography, nuclear medicine, mammography, ultrasound, diagnostic radiology, fluoroscopy, and other related procedures, as well as multi-modality imaging services.
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