RadNet (RDNT) Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for RadNet in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" RDNT shares.
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2 brokerages have issued 1-year price targets for RadNet's stock. Their RDNT share price forecasts range from $30.00 to $30.00. On average, they expect the company's stock price to reach $30.00 in the next twelve months. This suggests a possible upside of 3.7% from the stock's current price.
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RadNet's stock was trading at $18.83 on January 1st, 2023. Since then, RDNT shares have increased by 53.7% and is now trading at $28.94.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
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RadNet, Inc. (NASDAQ:RDNT) announced its quarterly earnings data on Tuesday, May, 9th. The medical research company reported ($0.08) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by $0.01. The medical research company had revenue of $390.60 million for the quarter, compared to analyst estimates of $371.34 million. RadNet had a negative net margin of 0.90% and a positive trailing twelve-month return on equity of 3.28%. RadNet's quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the company earned ($0.15) earnings per share.

ETFs with the largest weight of RadNet (NASDAQ:RDNT) stock in their portfolio include Invesco S&P SmallCap Health Care ETF (PSCH), SPDR S&P Health Care Services ETF (XHS), iShares Micro-Cap ETF (IWC), iShares S&P Small-Cap 600 Value ETF (IJS), SPDR S&P 600 Small CapValue ETF (SLYV), Vanguard S&P Small-Cap 600 Value ETF (VIOV), iShares U.S. Healthcare Providers ETF (IHF) and Timothy Plan US Small Cap Core ETF (TPSC).

RadNet issued an update on its FY 2023 earnings guidance on Tuesday, May, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.55 billion-$1.60 billion, compared to the consensus revenue estimate of $1.56 billion.

174 employees have rated RadNet Chief Executive Officer Howard G. Berger on Glassdoor.com. Howard G. Berger has an approval rating of 45% among the company's employees. This puts Howard G. Berger in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other RadNet investors own include Advanced Micro Devices (AMD), AbbVie (ABBV), Inovio Pharmaceuticals (INO), NVIDIA (NVDA), OPKO Health (OPK), Boeing (BA), Rigel Pharmaceuticals (RIGL), UnitedHealth Group (UNH), Pfizer (PFE) and AT&T (T).

RadNet trades on the NASDAQ under the ticker symbol "RDNT."

RadNet's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (11.83%), Beck Mack & Oliver LLC (5.58%), Edmond DE Rothschild Holding S.A. (4.41%), State Street Corp (3.12%), Dimensional Fund Advisors LP (2.69%) and Global Alpha Capital Management Ltd. (2.67%). Insiders that own company stock include Christine Nayoma Gordon, David L Swartz, John V Crues, Lawrence L Levitt, Lawrence L Levitt, Michael N Murdock, Norman R Hames and Ruth Louisa Villigerwilson.
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Shares of RDNT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RDNT stock can currently be purchased for approximately $28.94.

RadNet (NASDAQ:RDNT) has a market capitalization of $1.69 billion and generates $1.43 billion in revenue each year. The medical research company earns $10.65 million in net income (profit) each year or ($0.24) on an earnings per share basis.

The company employs 9,067 workers across the globe.

RadNet's mailing address is 1510 COTNER AVE, LOS ANGELES CA, 90025. The official website for the company is www.radnet.com. The medical research company can be reached via phone at (310) 445-2800, via email at investorrelations@radnet.com, or via fax at 310-445-2980.