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. Its Zio XT monitor, a single-use, wire-free, and wearable patch-based biosensor, records patient's heartbeats and ECG data. The company was founded in 2006 and is headquartered in San Francisco, California.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Surgical & medical instruments
Sub-IndustryN/A
SectorMedical
SymbolNASDAQ:IRTC
CUSIPN/A
Phone415-632-5700
Debt
Debt-to-Equity Ratio0.48
Current Ratio5.58
Quick Ratio5.47
Price-To-Earnings
Trailing P/E Ratio-63.28
Forward P/E Ratio-43.56
P/E GrowthN/A
Sales & Book Value
Annual Sales$98.51 million
Price / Sales20.23
Cash FlowN/A
Price / CashN/A
Book Value$3.46 per share
Price / Book24.05
Profitability
EPS (Most Recent Fiscal Year)($1.30)
Net Income$-29,420,000.00
Net Margins-34.38%
Return on Equity-53.59%
Return on Assets-32.15%
Miscellaneous
Employees575
Outstanding Shares23,950,000
Market Cap$2.01 billion
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) released its quarterly earnings data on Wednesday, August, 1st. The company reported ($0.51) earnings per share for the quarter, missing the consensus estimate of ($0.39) by $0.12. The firm earned $35.50 million during the quarter, compared to the consensus estimate of $32.52 million. Irhythm Technologies had a negative net margin of 34.38% and a negative return on equity of 53.59%. The business's revenue was up 48.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.29) earnings per share. View Irhythm Technologies' Earnings History.
When is Irhythm Technologies' next earnings date?
What price target have analysts set for IRTC?
8 analysts have issued 1 year target prices for Irhythm Technologies' stock. Their predictions range from $60.00 to $100.00. On average, they expect Irhythm Technologies' share price to reach $88.6667 in the next twelve months. This suggests a possible upside of 6.6% from the stock's current price. View Analyst Price Targets for Irhythm Technologies.
What is the consensus analysts' recommendation for Irhythm Technologies?
8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Irhythm Technologies in the last year. There are currently 3 hold ratings and 5 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. BTIG Research analysts commented, "Enthusiasm iRhythm reported revenue of $35.5M, 8.5% above our estimate. Though mgmt continues to see a healthy balance of new and same-store account growth, it appears there is an increasing benefit from cross-selling with ZIO AT as well as growing success within large systems. Commentary appeared more bullish about the opportunity with management noting having completed the hiring of 110 reps for the full year in the quarter. Mgmt raised expense guidance again by 12% at the midpoint, outpacing the guidance change on the revenue side. Though we think there is little risk in the near-term to growing 50%+, a sizeable expense base may be an area of scrutiny particularly among conservative funds more focused on a pathway to profitability." (8/2/2018)
- 2. 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. " (7/4/2018)
- 3. Northland Securities analysts commented, "We note that this was a physician-initiated study and funded by Bardy. Also, it is important to take this study within the context of an initial study which could provide clues for a larger head-head study, providing important clues for the sensitivity & specificity of R-R wave vs. P-wave analysis in ambulatory ECG monitoring." (4/16/2018)
- 4. Canaccord Genuity analysts commented, "We expect these data, assuming the read-out of the full study data follows suit (which we expect), will build IRTC’s case with payers, paving the way ultimately for prospective screening with Zio in a brand new, 3- million-patient TAM. While not in our model at all, we think over time, payors will cover Zio for screening of high-risk patients defined by the mSToPs study. We reiterate our BUY rating and $59 price target." (11/14/2017)
Who are some of Irhythm Technologies' key competitors?
Some companies that are related to Irhythm Technologies include Hill-Rom (HRC), ICU Medical (ICUI), Integra Lifesciences (IART), Haemonetics (HAE), Globus Medical (GMED), Insulet (PODD), Penumbra (PEN), Cantel Medical (CMD), Novocure (NVCR), NuVasive (NUVA), Merit Medical Systems (MMSI), Nevro (NVRO), Tandem Diabetes Care (TNDM), Glaukos (GKOS) and Mazor Robotics (MZOR).
Who are Irhythm Technologies' key executives?
Irhythm Technologies' management team includes the folowing people:
- Mr. Kevin M. King, Pres, CEO & Director (Age 62)
- Mr. Matthew C. Garrett, Chief Financial Officer (Age 50)
- Mr. David A. Vort, Exec. VP of Sales (Age 52)
- Dr. Derrick Sung, Exec. VP of Strategy & Corp. Devel. (Age 45)
- Ms. Judith C. Lenane, Chief Clinical Officer & Exec. VP of Operations (Age 59)
When did Irhythm Technologies IPO?
(IRTC) raised $76 million in an initial public offering (IPO) on Thursday, October 20th 2016. The company issued 5,400,000 shares at a price of $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.
Has Irhythm Technologies been receiving favorable news coverage?
News coverage about IRTC stock has trended somewhat positive on Monday, according to Accern Sentiment. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Irhythm Technologies earned a media and rumor sentiment score of 0.17 on Accern's scale. They also assigned headlines about the company an impact score of 47.24 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near term. View Recent Headlines for Irhythm Technologies.
Who are Irhythm Technologies' major shareholders?
Irhythm Technologies' stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.82%), FMR LLC (7.82%), Wells Fargo & Company MN (3.50%), Millennium Management LLC (3.03%), Partner Fund Management L.P. (2.05%) and Bank of New York Mellon Corp (2.00%). Company insiders that own Irhythm Technologies stock include David A Vort, Derrick Sung, Kevin M King, Matthew C Garrett, Raymond W Scott, Synergy Life Science Partners 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 Redmile Group LLC, Point72 Asset Management L.P., Bank of New York Mellon Corp, Renaissance Technologies LLC, Massachusetts Financial Services Co. MA, FMR LLC, Eagle Asset Management Inc. and Russell Investments Group Ltd.. Company insiders that have sold Irhythm Technologies company stock in the last year include David A Vort, Derrick Sung, Kevin M King, Matthew C Garrett, Raymond W Scott and Vijay K Lathi. 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 Partner Fund Management L.P., BlackRock Inc., Wells Fargo & Company MN, Millennium Management LLC, OppenheimerFunds Inc., Los Angeles Capital Management & Equity Research Inc., Schwab Charles Investment Management Inc. and Osterweis Capital Management Inc.. 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 $83.20.
How big of a company is Irhythm Technologies?
Irhythm Technologies has a market capitalization of $2.01 billion and generates $98.51 million in revenue each year. The company earns $-29,420,000.00 in net income (profit) each year or ($1.30) on an earnings per share basis. Irhythm Technologies employs 575 workers across the globe.
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)
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.
