Research analysts at Seaport Global Securities initiated coverage on shares of Radiant Logistics Inc (NYSE:RLGT) in a report issued on Friday. The firm set a “buy” rating and a $10.00 price target on the stock. Seaport Global Securities’ price objective indicates a potential upside of 98.02% from the stock’s current price.

Several other brokerages also recently commented on RLGT. Zacks Investment Research raised shares of Radiant Logistics from a “hold” rating to a “strong-buy” rating and set a $5.00 price objective for the company in a research report on Saturday, February 11th. Cowen and Company lifted their price target on shares of Radiant Logistics from $5.00 to $7.00 and gave the company an “outperform” rating in a research report on Friday, February 10th. Finally, TheStreet raised shares of Radiant Logistics from a “sell” rating to a “hold” rating in a research report on Monday, November 21st.

Radiant Logistics (NYSE:RLGT) opened at 5.05 on Friday. Radiant Logistics has a 12-month low of $2.45 and a 12-month high of $5.96. The firm has a 50 day moving average of $4.86 and a 200 day moving average of $3.65. The firm has a market capitalization of $245.10 million and a P/E ratio of 420.83.

Radiant Logistics (NYSE:RLGT) last announced its quarterly earnings data on Wednesday, February 8th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.04 by $0.06. The company had revenue of $198.88 million for the quarter, compared to analyst estimates of $189.49 million. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period last year, the business earned $0.06 EPS. On average, analysts forecast that Radiant Logistics will post $0.24 EPS for the current fiscal year.

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A number of hedge funds have recently bought and sold shares of the stock. JBF Capital Inc. increased its stake in Radiant Logistics by 332.9% in the third quarter. JBF Capital Inc. now owns 36,410 shares of the company’s stock valued at $103,000 after buying an additional 28,000 shares during the last quarter. Acrospire Investment Management LLC increased its stake in Radiant Logistics by 339.1% in the third quarter. Acrospire Investment Management LLC now owns 56,828 shares of the company’s stock valued at $161,000 after buying an additional 43,886 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Radiant Logistics during the fourth quarter valued at about $276,000. Two Sigma Investments LP increased its stake in Radiant Logistics by 39.5% in the fourth quarter. Two Sigma Investments LP now owns 81,056 shares of the company’s stock valued at $316,000 after buying an additional 22,937 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in Radiant Logistics during the fourth quarter valued at about $453,000.

Radiant Logistics Company Profile

Radiant Logistics, Inc operates as a third-party logistics company, providing multi-modal transportation and logistics services. The Company is organized in two geographic operating segments: United States and Canada. Its transportation services for both the United States and Canada segments are placed into categories of freight forwarding and freight brokerage services.

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