NASDAQ:IRTCIrhythm Technologies Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Irhythm Technologies Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $124.98 +0.67 (+0.54 %) (As of 06/1/2020 04:00 PM ET) Add Compare Share Today's Range$122.89Now: $124.98▼$126.5050-Day Range$80.00MA: $109.18▼$131.1852-Week Range$56.24Now: $124.98▼$136.55Volume236,069 shsAverage Volume392,355 shsMarket Capitalization$3.38 billionP/E RatioN/ADividend YieldN/ABeta1.42 ProfileAnalyst RatingsAdvanced ChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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.Read More Beat the Market (BTM) Rank™ 2.4 Analyst's Opinion Consensus RatingIrhythm Technologies has received a consensus rating of Buy. The company's average rating score is 2.88, and is based on 7 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $130.67, Irhythm Technologies has a potential upside of 4.6% from its current price of $124.98.Amount of Analyst CoverageIrhythm Technologies has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Community Rank Outperform VotesIrhythm Technologies has received 321 “outperform” votes. (Add your “outperform” vote.)Underperform VotesIrhythm Technologies has received 223 “underperform” votes. (Add your “underperform” vote.)Community SentimentIrhythm Technologies has received 59.01% “outperform” votes from our community.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. Previous Next 0.0 Dividend Strength Dividend YieldIrhythm Technologies does not currently pay a dividend.Dividend GrowthIrhythm Technologies does not have a long track record of dividend growth. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Irhythm Technologies insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $18,763,872.00 in company stock.Percentage Held by InsidersOnly 3.10% of the stock of Irhythm Technologies is held by insiders. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Irhythm Technologies are expected to grow in the coming year, from ($2.23) to ($1.06) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Irhythm Technologies is -57.07, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Irhythm Technologies is -57.07, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioIrhythm Technologies has a P/B Ratio of 24.55. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 2.4Community Rank: 3.0Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 0.6 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.21 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry Surgical & medical instruments Sub-IndustryN/A SectorMedical Current SymbolNASDAQ:IRTC Previous Symbol CUSIPN/A CIK1388658 Webwww.irhythmtech.com Phone415-632-5700Debt Debt-to-Equity Ratio0.92 Current Ratio3.60 Quick Ratio3.51Price-To-Earnings Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/A Sales & Book Value Annual Sales$214.55 million Price / Sales15.75 Cash FlowN/A Price / Cash FlowN/A Book Value$5.09 per share Price / Book24.55Profitability EPS (Most Recent Fiscal Year)($2.16) Net Income$-54,570,000.00 Net Margins-24.34% Return on Equity-49.99% Return on Assets-20.40%Miscellaneous Employees748 Outstanding Shares27,040,000Market Cap$3.38 billion Next Earnings Date7/29/2020 (Estimated) OptionableOptionable NASDAQ:IRTC Rates by TradingView Receive IRTC News and Ratings via Email Sign-up to receive the latest news and ratings for IRTC and its competitors with MarketBeat's FREE daily newsletter. Irhythm Technologies (NASDAQ:IRTC) Frequently Asked Questions How has Irhythm Technologies' stock been impacted by COVID-19 (Coronavirus)? Irhythm Technologies' stock was trading at $85.54 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, IRTC stock has increased by 46.1% and is now trading at $124.98. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Irhythm Technologies? 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Irhythm Technologies in the last year. There are currently 1 hold rating and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Irhythm Technologies. When is Irhythm Technologies' next earnings date? Irhythm Technologies is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Irhythm Technologies. How were Irhythm Technologies' earnings last quarter? Irhythm Technologies Inc (NASDAQ:IRTC) issued its quarterly earnings data on Thursday, May, 7th. The company reported ($0.34) earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.57) by $0.23. The firm had revenue of $63.50 million for the quarter, compared to the consensus estimate of $61.40 million. Irhythm Technologies had a negative net margin of 24.34% and a negative return on equity of 49.99%. The company's quarterly revenue was up 35.1% on a year-over-year basis. During the same quarter last year, the business earned ($0.33) EPS. View Irhythm Technologies' earnings history. What guidance has Irhythm Technologies issued on next quarter's earnings? Irhythm Technologies updated its first quarter 2020 After-Hours earnings guidance on Thursday, April, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $61-62 million, compared to the consensus revenue estimate of $60.67 million. What price target have analysts set for IRTC? 8 brokers have issued 12 month price targets for Irhythm Technologies' stock. Their forecasts range from $112.00 to $142.00. On average, they expect Irhythm Technologies' stock price to reach $130.67 in the next twelve months. This suggests a possible upside of 4.6% from the stock's current price. View analysts' price targets for Irhythm Technologies. Has Irhythm Technologies been receiving favorable news coverage? News coverage about IRTC stock has trended extremely negative this week, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public 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 -5.0 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news aboutIrhythm Technologies. Who are some of Irhythm Technologies' key competitors? Some companies that are related to Irhythm Technologies include Insulet (PODD), ABIOMED (ABMD), Hill-Rom (HRC), Novocure (NVCR), Penumbra (PEN), Haemonetics (HAE), Globus Medical (GMED), Tandem Diabetes Care (TNDM), Integra Lifesciences (IART), Nevro (NVRO), ICU Medical (ICUI), NuVasive (NUVA), Merit Medical Systems (MMSI), Inovio Pharmaceuticals (INO) and Inspire Medical Systems (INSP). View all 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 Alibaba Group (BABA), NVIDIA (NVDA), DexCom (DXCM), Paypal (PYPL), Teladoc Health (TDOC), Shopify (SHOP), Veeva Systems (VEEV), Advanced Micro Devices (AMD), Cisco Systems (CSCO) and Paycom Software (PAYC). Who are Irhythm Technologies' key executives? Irhythm Technologies' management team includes the following 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 (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. 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 many different institutional and retail investors. Top institutional investors include Brown Capital Management LLC (12.19%), BlackRock Inc. (7.82%), Alliancebernstein L.P. (6.25%), William Blair Investment Management LLC (5.30%), Capital Research Global Investors (5.01%) and JPMorgan Chase & Co. (4.98%). 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, Ralph Snyderman and Raymond W Scott. 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 Capital Research Global Investors, Wellington Management Group LLP, BlackRock Inc., Massachusetts Financial Services Co. MA, Deutsche Bank AG, Squarepoint Ops LLC, Brown Capital Management LLC, and Aigen Investment Management LP. Company insiders that have sold Irhythm Technologies company stock in the last year include David A Vort, Kevin M King, Matthew C Garrett, Merz Cathleen Noel Bairey, and Ralph Snyderman. View insider buying and selling activity 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 Alliancebernstein L.P., Invesco Ltd., William Blair Investment Management LLC, Loomis Sayles & Co. L P, Fiera Capital Corp, Lord Abbett & CO. LLC, Balyasny Asset Management LLC, and Morgan Stanley. View insider buying and selling activity 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 $124.98. How big of a company is Irhythm Technologies? Irhythm Technologies has a market capitalization of $3.38 billion and generates $214.55 million in revenue each year. The company earns $-54,570,000.00 in net income (profit) each year or ($2.16) on an earnings per share basis. Irhythm Technologies employs 748 workers across the globe. What is Irhythm Technologies' official website? The official website for Irhythm Technologies is 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] This page was last updated on 6/1/2020 by MarketBeat.com Staff
