NASDAQ:IRTC - Irhythm Technologies Stock Price, News, & Analysis

$75.93
-1.49 (-1.92 %)
(As of 06/26/2019 01:54 PM ET)
Today's Range
$75.47
Now: $75.93
$78.4050
50-Day Range
$66.47
MA: $72.67
$80.50
52-Week Range
$58.99
Now: $75.93
$98.37
Volume145,249 shs
Average Volume281,439 shs
Market Capitalization$1.87 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.7
iRhythm Technologies, Inc, a digital healthcare company, provides ambulatory electrocardiogram (ECG) monitoring products for patients at risk for arrhythmias in the United States. The company offers Zio service, an ambulatory cardiac monitoring solution that combines a wire-free, patch-based, and wearable biosensor with a cloud-based data analytic platform to help physicians to monitor patients and diagnose arrhythmias. Read More…

Industry, Sector and Symbol

Industry Surgical & medical instruments
Sub-IndustryN/A
SectorMedical
Current SymbolNASDAQ:IRTC
CUSIPN/A
Phone415-632-5700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$147.29 million
Book Value$2.25 per share

Profitability

Net Income$-48,280,000.00

Miscellaneous

Employees748
Market Cap$1.87 billion
Next Earnings Date8/7/2019 (Estimated)
OptionableOptionable

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Irhythm Technologies (NASDAQ:IRTC) Frequently Asked Questions

What is Irhythm Technologies' stock symbol?

Irhythm Technologies trades on the NASDAQ under the ticker symbol "IRTC."

How were Irhythm Technologies' earnings last quarter?

Irhythm Technologies Inc (NASDAQ:IRTC) issued its quarterly earnings results on Tuesday, May, 7th. The company reported ($0.33) earnings per share for the quarter, beating analysts' consensus estimates of ($0.50) by $0.17. The business earned $47.21 million during the quarter, compared to analyst estimates of $43.83 million. Irhythm Technologies had a negative net margin of 27.56% and a negative return on equity of 71.31%. Irhythm Technologies's revenue for the quarter was up 54.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.47) earnings per share. View Irhythm Technologies' Earnings History.

When is Irhythm Technologies' next earnings date?

Irhythm Technologies is scheduled to release their next quarterly earnings announcement on Wednesday, August 7th 2019. View Earnings Estimates for Irhythm Technologies.

What guidance has Irhythm Technologies issued on next quarter's earnings?

Irhythm Technologies issued an update on its FY 2019 earnings guidance on Tuesday, May, 7th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $206-211 million, compared to the consensus revenue estimate of $205.01 million.

What price target have analysts set for IRTC?

9 Wall Street analysts have issued 1-year target prices for Irhythm Technologies' stock. Their predictions range from $75.00 to $110.00. On average, they expect Irhythm Technologies' share price to reach $99.75 in the next twelve months. This suggests a possible upside of 31.4% from the stock's current price. View Analyst Price Targets for Irhythm Technologies.

What is the consensus analysts' recommendation for Irhythm Technologies?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Irhythm Technologies in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Irhythm Technologies.

What are Wall Street analysts saying about Irhythm Technologies stock?

Here are some recent quotes from research analysts about Irhythm Technologies stock:
  • 1. According to Zacks Investment Research, "iRhythm Technologies, Inc. is a digital healthcare company. It focuses on the provision of ambulatory electrocardiogram, monitoring for patients at risk for arrhythmias primarily in the United States. The company offers ZIO Service, a platform which provides wearable biosensor with cloud-based data analytics that distill data from heartbeats into clinically actionable information. iRhythm Technologies, Inc. is headquartered in San Francisco, California. " (5/14/2019)
  • 2. Northland Securities analysts commented, "We are introducing our FY20 numbers, with revs @ $263M, up 30% y/y. Our rating remains MP, but our PT changes to $75." (2/13/2019)
  • 3. BTIG Research analysts commented, "Rise Too; Neutral Q4 revenue was $43.2M, 5% above our estimate in a very strong quarter. Momentum was buoyed by large hospital system penetration, improving sales productivity, and the benefit from cross-selling with ZIO AT. The most positive update was the disclosure that tenured reps are now delivering $2.5M in revenue on average, implying peak productivity continues to trend higher. On initial 2019 expectations, guidance calling for 36-40% revenue growth was above expectations. Management does anticipate a corresponding ~27% increase to the opex base. At this stage of growth and with nearly all in-network contracts in place for XT, we are a little surprised by the amount of spending over and above headcount expansion in areas like algorithms and back-end support. Even so, the company believes there could be a pathway to break-even or even profitability sometime in 2020." (2/13/2019)

Has Irhythm Technologies been receiving favorable news coverage?

News stories about IRTC stock have been trending somewhat positive this week, according to InfoTrie Sentiment. The research firm ranks the sentiment of media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Irhythm Technologies earned a media sentiment score of 1.4 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 5.0 out of 10, indicating that recent media coverage is somewhat likely to have an impact on the company's share price in the immediate future. View News Stories for Irhythm Technologies.

Who are some of Irhythm Technologies' key competitors?

What other stocks do shareholders of Irhythm Technologies own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Irhythm Technologies investors own include Splunk (SPLK), Tandem Diabetes Care (TNDM), Twilio (TWLO), Canopy Growth (CGC), Paycom Software (PAYC), Alibaba Group (BABA), Coupa Software (COUP), DexCom (DXCM), EXACT Sciences (EXAS) and Inogen (INGN).

Who are Irhythm Technologies' key executives?

Irhythm Technologies' management team includes the folowing people:
  • Mr. Kevin M. King, Pres, CEO & Director (Age 63)
  • Mr. Matthew C. Garrett, Chief Financial Officer (Age 51)
  • Mr. David A. Vort, Exec. VP of Sales (Age 53)
  • Dr. Derrick Sung, Exec. VP of Strategy & Corp. Devel. (Age 46)
  • Mr. Karim Karti, Chief Operating Officer (Age 50)

When did Irhythm Technologies IPO?

(IRTC) raised $76 million in an IPO on Thursday, October 20th 2016. The company issued 5,400,000 shares at $13.00-$15.00 per share. J.P. Morgan and Morgan Stanley acted as the underwriters for the IPO and Canaccord Genuity and BTIG were co-managers.

Who are Irhythm Technologies' major shareholders?

Irhythm Technologies' stock is owned by many different of institutional and retail investors. Top institutional shareholders include FMR LLC (6.40%), Wells Fargo & Company MN (3.33%), TimesSquare Capital Management LLC (1.61%), OppenheimerFunds Inc. (1.34%), Victory Capital Management Inc. (0.96%) and Federated Investors Inc. PA (0.79%). Company insiders that own Irhythm Technologies stock include Bruce G Bodaken, David A Vort, Derrick Sung, Kevin M King, Matthew C Garrett, Merz Cathleen Noel Bairey, Raymond W Scott and Vijay K Lathi. View Institutional Ownership Trends for Irhythm Technologies.

Which major investors are selling Irhythm Technologies stock?

IRTC stock was sold by a variety of institutional investors in the last quarter, including OppenheimerFunds Inc., Wells Fargo & Company MN, TimesSquare Capital Management LLC, Pier Capital LLC, FIL Ltd, Columbus Circle Investors, SG Americas Securities LLC and Rothschild & Co. Asset Management US Inc.. Company insiders that have sold Irhythm Technologies company stock in the last year include Bruce G Bodaken, David A Vort, Derrick Sung, Kevin M King, Matthew C Garrett and Merz Cathleen Noel Bairey. View Insider Buying and Selling for Irhythm Technologies.

Which major investors are buying Irhythm Technologies stock?

IRTC stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, GAM Holding AG, Federated Investors Inc. PA, Amundi Pioneer Asset Management Inc., Shaker Investments LLC OH, Asymmetry Capital Management L.P., Virtu Financial LLC and Dynamic Technology Lab Private Ltd. View Insider Buying and Selling for Irhythm Technologies.

How do I buy shares of Irhythm Technologies?

Shares of IRTC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Irhythm Technologies' stock price today?

One share of IRTC stock can currently be purchased for approximately $75.93.

How big of a company is Irhythm Technologies?

Irhythm Technologies has a market capitalization of $1.87 billion and generates $147.29 million in revenue each year. The company earns $-48,280,000.00 in net income (profit) each year or ($1.89) on an earnings per share basis. Irhythm Technologies employs 748 workers across the globe.View Additional Information About Irhythm Technologies.

What is Irhythm Technologies' official website?

The official website for Irhythm Technologies is http://www.irhythmtech.com/.

How can I contact Irhythm Technologies?

Irhythm Technologies' mailing address is 650 TOWNSEND STREET SUITE 500, San Francisco CA, 94103. The company can be reached via phone at 415-632-5700 or via email at [email protected]


MarketBeat Community Rating for Irhythm Technologies (NASDAQ IRTC)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  213 (Vote Outperform)
Underperform Votes:  184 (Vote Underperform)
Total Votes:  397
MarketBeat's community ratings are surveys of what our community members think about Irhythm Technologies and other stocks. Vote "Outperform" if you believe IRTC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe IRTC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 6/26/2019 by MarketBeat.com Staff

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