In a report released today, Suraj Kalia from Northland Securities maintained a Hold rating on Irhythm Technologies (IRTC), with a price target of $60. The company’s shares opened today at $84.46.
According to TipRanks.com, Kalia is a 5-star analyst with an average return of 12.2% and a 56.7% success rate. Kalia covers the Healthcare sector, focusing on stocks such as Tactile Systems Technology, Strata Skin Sciences Inc, and Obalon Therapeutics Inc.
Irhythm Technologies has an analyst consensus of Moderate Buy, with a price target consensus of $75.
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Based on Irhythm Technologies’ latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $10.24 million. In comparison, last year the company had a GAAP net loss of $11.15 million.
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is neutral on the stock.
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iRhythm Technologies, Inc. is a commercial-stage digital healthcare company, which engages in the development of monitoring and diagnostic solutions for detection of cardiac arrhythmias. It also offers ZIO Service that has proprietary algorithms that distill data from millions of heartbeats into clinically actionable information.
