Irhythm Technologies Stock Price, News & Analysis (NASDAQ:IRTC)

$81.15
+2.86 (+3.65 %)
(As of 09/23/2019 06:00 AM ET)
Today's Range
$77.4350
Now: $81.15
$81.54
50-Day Range
$68.59
MA: $75.49
$81.62
52-Week Range
$58.99
Now: $81.15
$98.13
Volume261,980 shs
Average Volume345,553 shs
Market Capitalization$2.02 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.77
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$2.02 billion
Next Earnings Date10/29/2019 (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 data on Wednesday, July, 31st. The company reported ($0.46) EPS for the quarter, missing the Zacks' consensus estimate of ($0.44) by $0.02. The company had revenue of $53.30 million for the quarter, compared to analyst estimates of $49.89 million. Irhythm Technologies had a negative return on equity of 76.47% and a negative net margin of 24.45%. The company's revenue for the quarter was up 50.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.51) EPS. View Irhythm Technologies' Earnings History.

When is Irhythm Technologies' next earnings date?

Irhythm Technologies is scheduled to release their next quarterly earnings announcement on Tuesday, October 29th 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 Wednesday, July, 31st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $212-216 million, compared to the consensus revenue estimate of $210.3 million.

What price target have analysts set for IRTC?

8 Wall Street analysts have issued 12 month target prices for Irhythm Technologies' stock. Their forecasts range from $75.00 to $125.00. On average, they anticipate Irhythm Technologies' share price to reach $101.6250 in the next year. This suggests a possible upside of 25.2% 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 2 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. " (8/2/2019)
  • 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 coverage about IRTC stock has trended somewhat negative recently, InfoTrie Sentiment reports. The research firm identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Irhythm Technologies earned a daily sentiment score of -1.3 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the near term. 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 Tandem Diabetes Care (TNDM), Alibaba Group (BABA), Twilio (TWLO), NVIDIA (NVDA), Splunk (SPLK), Canopy Growth (CGC), Paycom Software (PAYC), Coupa Software (COUP), DexCom (DXCM) and Netflix (NFLX).

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 initial public offering 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 served 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 a number of of institutional and retail investors. Top institutional investors include Brown Capital Management LLC (8.92%), Vanguard Group Inc. (8.85%), BlackRock Inc. (7.51%), JPMorgan Chase & Co. (4.13%), Wells Fargo & Company MN (3.83%) and Point72 Asset Management L.P. (2.84%). 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 institutional investors are selling Irhythm Technologies stock?

IRTC stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Eaton Vance Management, D. E. Shaw & Co. Inc., BlackRock Inc., First Trust Advisors LP, Los Angeles Capital Management & Equity Research Inc., Parametric Portfolio Associates LLC and Bank of New York Mellon Corp. 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 institutional investors are buying Irhythm Technologies stock?

IRTC stock was bought by a variety of institutional investors in the last quarter, including Brown Capital Management LLC, Point72 Asset Management L.P., Invesco Ltd., Fiera Capital Corp, Nuveen Asset Management LLC, Price T Rowe Associates Inc. MD, Intrinsic Edge Capital Management LLC and Amundi Pioneer Asset 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, Robinhood, Fidelity and Charles Schwab.

What is Irhythm Technologies' stock price today?

One share of IRTC stock can currently be purchased for approximately $81.15.

How big of a company is Irhythm Technologies?

Irhythm Technologies has a market capitalization of $2.02 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:  233 (Vote Outperform)
Underperform Votes:  194 (Vote Underperform)
Total Votes:  427
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 9/23/2019 by MarketBeat.com Staff

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