On March 31, 2023,
CJS Securities
initiated coverage of RadNet with
a Outperform recommendation.
Analyst Price Forecast Suggests 18.18% Upside
As of March 31, 2023,
the average one-year price target for RadNet is $29.58.
The forecasts range from a low of $28.28 to a high of $31.50.
The average price target represents an increase of 18.18% from its latest reported closing price of $25.03.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for RadNet
is $1,487MM, an increase of 3.98%.
The projected annual non-GAAP EPS
is $0.35.
What are Large Shareholders Doing?
Beck Mack & Oliver
holds 3,213K shares
representing 5.56% ownership of the company.
In it’s prior filing, the firm reported owning 3,022K shares, representing
an increase
of 5.95%.
The firm
decreased
its portfolio allocation in RDNT by 13.96% over the last quarter.
Edmond De Rothschild Holding
holds 2,560K shares
representing 4.43% ownership of the company.
In it’s prior filing, the firm reported owning 2,169K shares, representing
an increase
of 15.27%.
The firm
decreased
its portfolio allocation in RDNT by 54.17% over the last quarter.
IJR – iShares Core S&P Small-Cap ETF
holds 2,485K shares
representing 4.30% ownership of the company.
No change in the last quarter.
Jb Capital Partners
holds 2,094K shares
representing 3.62% ownership of the company.
No change in the last quarter.
Global Alpha Capital Management
holds 1,519K shares
representing 2.63% ownership of the company.
In it’s prior filing, the firm reported owning 1,694K shares, representing
a decrease
of 11.51%.
The firm
decreased
its portfolio allocation in RDNT by 18.89% over the last quarter.
What is the Fund Sentiment?
There are 378 funds or institutions reporting positions in RadNet.
This is a decrease
of
3
owner(s) or 0.79% in the last quarter.
Average portfolio weight of all funds dedicated to RDNT is 0.12%,
a decrease
of 34.05%.
Total shares owned by institutions increased
in the last three months by 0.54% to 42,650K shares.
The put/call ratio of RDNT is 1.09, indicating a
bearish
outlook.
Radnet Background Information
(This description is provided by the company.)
RadNet, Inc. is the leading national provider of freestanding, fixed-site diagnostic imaging services in the United States based on the number of locations and annual imaging revenue. RadNet has a network of 334 owned and/or operated outpatient imaging centers. RadNet’s core markets include California, Maryland, Delaware, New Jersey, New York and Arizona. In addition, RadNet provides radiology information technology solutions, teleradiology professional services and other related products and services to customers in the diagnostic imaging industry. Together with affiliated radiologists, and inclusive of full-time and per diem employees and technicians, RadNet has a total of approximately 8,600 employees.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
