Insider Selling: Radnet Director Unloads 16,667 Shares of Stock (RDNT)
Radnet (NASDAQ:RDNT) Director John V. Crues unloaded 16,667 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $6.91, for a total value of $115,168.97. Following the completion of the transaction, the director now directly owns 768,112 shares in the company, valued at approximately $5,307,654. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Radnet (NASDAQ:RDNT) traded up 1.03% during mid-day trading on Wednesday, hitting $6.89. 77,536 shares of the company’s stock traded hands. Radnet has a 1-year low of $1.50 and a 1-year high of $7.67. The stock has a 50-day moving average of $6.03 and a 200-day moving average of $4.83. The company’s market cap is $294.0 million.
Radnet (NASDAQ:RDNT) last released its earnings data on Friday, August 8th. The company reported $0.12 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.05 by $0.07. The company had revenue of $179.10 million for the quarter, compared to the consensus estimate of $176.85 million. Radnet’s revenue was up 1.5% compared to the same quarter last year. On average, analysts predict that Radnet will post $0.19 earnings per share for the current fiscal year.
Separately, analysts at Deutsche Bank raised their price target on shares of Radnet to $9.00 in a research note on Thursday, June 5th.
RadNet, Inc (NASDAQ:RDNT) operates a group of regional networks comprising 180 diagnostic imaging facilities located in seven states with operations in California, Maryland, the Treasure Coast area of Florida, Kansas, Delaware, New Jersey and the Finger Lakes (Rochester) and Hudson Valley areas of New York.
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