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NASDAQ:IRTC

iRhythm Technologies Stock Forecast, Price & News

$116.55
+2.99 (+2.63%)
(As of 06/29/2022 03:59 PM ET)
Add
Compare
Today's Range
$110.15
$116.55
50-Day Range
$107.95
$151.90
52-Week Range
$41.66
$169.54
Volume
10,677 shs
Average Volume
388,569 shs
Market Capitalization
$3.47 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$146.18
30 days | 90 days | 365 days | Advanced Chart

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IRTC Stock Forecast (MarketRank)

Overall MarketRank

2.43 out of 5 stars

Medical Sector

182nd out of 1,433 stocks

Surgical & Medical Instruments Industry

20th out of 137 stocks

Analyst Opinion: 4.4Community Rank: 4.7Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 0.6 5 -4 -3 -2 -1 -
iRhythm Technologies logo

About iRhythm Technologies (NASDAQ:IRTC)

iRhythm Technologies, Inc., a digital healthcare company, provides ambulatory electrocardiogram (ECG) monitoring products for patients at risk for arrhythmias in the United States. It 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. The company's Zio XT and AT monitors, a single-use, wire-free, and wearable patch-based biosensors, records patient's heartbeats and ECG data. It has a development collaboration agreement with Verily Life Sciences LLC to develop various next-generation atrial fibrillation screening, detection, or monitoring products. The company was incorporated in 2006 and is headquartered in San Francisco, California.

IRTC Stock News Headlines

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Industry, Sector and Symbol

Industry
Surgical & medical instruments
Sub-Industry
N/A
Sector
Medical
Current Symbol
NASDAQ:IRTC
Fax
N/A
Employees
1,700
Year Founded
N/A

Company Calendar

Last Earnings
5/05/2022
Today
6/29/2022
Next Earnings (Estimated)
8/04/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$146.18
High Stock Price Forecast
$165.00
Low Stock Price Forecast
$105.00
Forecasted Upside/Downside
+25.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.7
Research Coverage
10 Analysts

Profitability

Net Income
$-101.36 million
Pretax Margin
-36.34%

Debt

Sales & Book Value

Annual Sales
$322.83 million
Book Value
$9.50 per share

Miscellaneous

Free Float
29,301,000
Market Cap
$3.47 billion
Optionable
Optionable
Beta
1.23














iRhythm Technologies Frequently Asked Questions

Should I buy or sell iRhythm Technologies stock right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for iRhythm Technologies in the last year. There are currently 1 sell rating, 1 hold rating and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" iRhythm Technologies stock.
View analyst ratings for iRhythm Technologies
or view top-rated stocks.

What is iRhythm Technologies' stock price forecast for 2022?

10 Wall Street analysts have issued 12 month price objectives for iRhythm Technologies' stock. Their IRTC stock forecasts range from $105.00 to $165.00. On average, they anticipate iRhythm Technologies' share price to reach $146.18 in the next twelve months. This suggests a possible upside of 25.4% from the stock's current price.
View analysts' price targets for iRhythm Technologies
or view top-rated stocks among Wall Street analysts.

How has iRhythm Technologies' stock price performed in 2022?

iRhythm Technologies' stock was trading at $117.69 at the start of the year. Since then, IRTC shares have decreased by 1.0% and is now trading at $116.55.
View the best growth stocks for 2022 here
.

When is iRhythm Technologies' next earnings date?

iRhythm Technologies is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for iRhythm Technologies
.

How were iRhythm Technologies' earnings last quarter?

iRhythm Technologies, Inc. (NASDAQ:IRTC) posted its earnings results on Thursday, May, 5th. The company reported ($0.80) EPS for the quarter, beating analysts' consensus estimates of ($1.06) by $0.26. The company earned $92.40 million during the quarter, compared to the consensus estimate of $86.76 million. iRhythm Technologies had a negative net margin of 36.43% and a negative trailing twelve-month return on equity of 34.55%. The company's revenue was up 24.4% compared to the same quarter last year. During the same period last year, the firm posted ($0.95) earnings per share.
View iRhythm Technologies' earnings history
.

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

iRhythm Technologies issued an update on its FY 2022 earnings guidance on Monday, May, 30th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $410.00 million-$420.00 million, compared to the consensus revenue estimate of $407.15 million.

Who are iRhythm Technologies' key executives?

iRhythm Technologies' management team includes the following people:
  • Mr. Quentin S. Blackford, Pres, CEO & Director (Age 43, Pay $671.81k)
  • Mr. Douglas J. Devine, COO, CFO & Sec. (Age 52, Pay $1.14M) (LinkedIn Profile)
  • Mr. Mark J. Day Ph.D., Chief Technology Officer (Age 51, Pay $718.76k)
  • Mr. Daniel G. Wilson, Exec. VP of Strategy, Corp. Devel. & Investor Relations (Age 40, Pay $670.09k) (LinkedIn Profile)
  • Mr. David A. Vort, Chief Commercial Officer (Age 56, Pay $896.16k) (LinkedIn Profile)
  • Dr. Mintu P. Turakhia M.D., Chief Medical Officer & Chief Scientific Officer
  • Mr. Patrick Michael Murphy J.D., Chief Legal Officer (Age 43)
  • Ms. Dietra N. Jones, Exec. VP of Clinical Operations
  • Mr. Mazi Kiani, Sr. VP of Quality & Regulatory
  • Ms. Sumi Shrishrimal, Exec. VP & Chief Risk Officer (Age 43)

What is Kevin M. King's approval rating as iRhythm Technologies' CEO?

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

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 NVIDIA (NVDA), Alibaba Group (BABA), Salesforce (CRM), Square (SQ), Teladoc Health (TDOC), Trade Desk (TTD), Advanced Micro Devices (AMD), Intel (INTC), Broadcom (AVGO) and Boeing (BA).

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 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.

What is iRhythm Technologies' stock symbol?

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

Who are iRhythm Technologies' major shareholders?

iRhythm Technologies' stock is owned by a number of retail and institutional investors. Top institutional investors include Sands Capital Management LLC (10.15%), Vanguard Group Inc. (9.11%), BlackRock Inc. (7.03%), Capital Research Global Investors (4.74%), Mackenzie Financial Corp (3.95%) and Invesco Ltd. (2.70%). Company insiders that own iRhythm Technologies stock include Daniel G Wilson, David A Vort, David A Vort, Douglas Devine, Kevin M King, Mark J Day, Matthew C Garrett, Merz Cathleen Noel Bairey, Ralph Snyderman and Raymond W Scott.
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 Mackenzie Financial Corp, Wellington Management Group LLP, Vident Investment Advisory LLC, Bank of New York Mellon Corp, Blair William & Co. IL, Eversept Partners LP, Sands Capital Management LLC, and State Street Corp. Company insiders that have sold iRhythm Technologies company stock in the last two years include Daniel G Wilson, David A Vort, Douglas Devine, Kevin M King, Mark J Day, and Merz Cathleen Noel Bairey.
View insider buying and selling activity for iRhythm Technologies
or view top insider-selling stocks.

Which major investors are buying iRhythm Technologies stock?

IRTC stock was purchased by a variety of institutional investors in the last quarter, including Lord Abbett & CO. LLC, Capital Research Global Investors, Atika Capital Management LLC, Eminence Capital LP, Goldman Sachs Group Inc., Assenagon Asset Management S.A., Invesco Ltd., and Lisanti Capital Growth LLC.
View insider buying and selling activity for iRhythm Technologies
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is iRhythm Technologies' stock price today?

One share of IRTC stock can currently be purchased for approximately $116.55.

How much money does iRhythm Technologies make?

iRhythm Technologies (NASDAQ:IRTC) has a market capitalization of $3.47 billion and generates $322.83 million in revenue each year. The company earns $-101.36 million in net income (profit) each year or ($4.210010) on an earnings per share basis.

How many employees does iRhythm Technologies have?

iRhythm Technologies employs 1,700 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 official website for iRhythm Technologies is www.irhythmtech.com. The company can be reached via phone at (415) 632-5700 or via email at [email protected].

This page (NASDAQ:IRTC) was last updated on 6/29/2022 by MarketBeat.com Staff

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