BTIG analyst Marie Thibault downgraded Irhythm Technologies (IRTC) to Hold today. The company’s shares closed last Monday at $80.36, close to its 52-week low of $78.00.
According to TipRanks.com, Thibault is a top 100 analyst with an average return of 77.9% and a 68.1% success rate. Thibault covers the Healthcare sector, focusing on stocks such as Establishment Labs Holdings, Varian Medical Systems, and Edwards Lifesciences.
Irhythm Technologies has an analyst consensus of Moderate Buy, with a price target consensus of $175.60, which is a 105.5% upside from current levels. In a report released yesterday, Needham also maintained a Hold rating on the stock.
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The company has a one-year high of $286.19 and a one-year low of $78.00. Currently, Irhythm Technologies has an average volume of 708.6K.
Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of IRTC in relation to earlier this year.
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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 offers ZIO which diagnose many arrhythmias, avoiding multiple indeterminate tests, allowing for appropriate medical intervention, and prevents serious downstream medical events. The company was founded by Uday N. Kumar in September 2006 and is headquartered in San Francisco, CA.
