iRhythm Technologies (IRTC) Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for iRhythm Technologies in the last year. There are currently 2 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" IRTC shares.
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10 analysts have issued 12-month price objectives for iRhythm Technologies' stock. Their IRTC share price forecasts range from $130.00 to $190.00. On average, they anticipate the company's share price to reach $154.40 in the next twelve months. This suggests a possible upside of 46.1% from the stock's current price.
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iRhythm Technologies' stock was trading at $93.67 at the start of the year. Since then, IRTC stock has increased by 12.8% and is now trading at $105.66.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our IRTC earnings forecast.

iRhythm Technologies, Inc. (NASDAQ:IRTC) released its quarterly earnings results on Thursday, May, 4th. The company reported ($1.29) earnings per share for the quarter, missing the consensus estimate of ($0.80) by $0.49. The company earned $111.44 million during the quarter, compared to analyst estimates of $107.57 million. iRhythm Technologies had a negative net margin of 24.34% and a negative trailing twelve-month return on equity of 43.22%.

ETFs with the largest weight of iRhythm Technologies (NASDAQ:IRTC) stock in their portfolio include Global X Telemedicine & Digital Health ETF (EDOC), Fidelity Digital Health ETF (FDHT), ROBO Global Robotics & Automation ETF (ROBO), SPDR S&P Health Care Equipment ETF (XHE), ROBO Global Healthcare Technology and Innovation ETF (HTEC), First Trust Nasdaq Lux Digital Health Solutions ETF (EKG), Principal Healthcare Innovators ETF (BTEC) and SPDR S&P Kensho New Economies Composite ETF (KOMP).

iRhythm Technologies updated its FY 2023 earnings guidance on Friday, April, 14th. The company provided EPS guidance of for the period. The company issued revenue guidance of $475.00 million-$485.00 million, compared to the consensus revenue estimate of $482.18 million.

20 employees have rated iRhythm Technologies Chief Executive Officer Kevin M. King on Glassdoor.com. Kevin M. King has an approval rating of 91% among the company's employees. This puts Kevin M. King in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other iRhythm Technologies investors own include NVIDIA (NVDA), Alibaba Group (BABA), Salesforce (CRM), Block (SQ), Teladoc Health (TDOC), Trade Desk (TTD), Advanced Micro Devices (AMD), Intel (INTC), Broadcom (AVGO) and Boeing (BA).

(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.

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

iRhythm Technologies' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Sands Capital Management LLC (7.94%), BlackRock Inc. (7.45%), FMR LLC (7.39%), Artisan Partners Limited Partnership (4.51%), Mackenzie Financial Corp (4.06%) and Blair William & Co. IL (3.31%). Insiders that own company stock include Daniel G Wilson, David A Vort, David A Vort, Douglas Devine, Kevin M King, Mark J Day, Merz Cathleen Noel Bairey, Patrick Michael Murphy, Quentin S Blackford and Raymond W Scott.
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Shares of IRTC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of IRTC stock can currently be purchased for approximately $105.66.

iRhythm Technologies (NASDAQ:IRTC) has a market capitalization of $3.22 billion and generates $410.92 million in revenue each year. The company earns $-116,150,000.00 in net income (profit) each year or ($3.47) on an earnings per share basis.

The company employs 1,793 workers across the globe.

iRhythm Technologies' mailing address is 650 TOWNSEND STREET SUITE 500, San Francisco CA, 94103. The official website for the company is www.irhythmtech.com. The company can be reached via phone at (415) 632-5700 or via email at investors@irhythmtech.com.