Irhythm Technologies (IRTC) Receives a Hold from Oppenheimer


In a report released today, Suraj Kalia from Oppenheimer maintained a Hold rating on Irhythm Technologies (IRTC). The company’s shares closed last Friday at $238.94, close to its 52-week high of $274.21.

According to TipRanks.com, Kalia is a 4-star analyst with an average return of 5.9% and a 55.8% success rate. Kalia covers the Healthcare sector, focusing on stocks such as Tactile Systems Technology, Inspire Medical Systems, and Cardiovascular Systems.

Currently, the analyst consensus on Irhythm Technologies is a Moderate Buy with an average price target of $232.83, implying a -3.7% downside from current levels. In a report issued on December 3, Robert W. Baird also maintained a Hold rating on the stock with a $170.00 price target.

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Irhythm Technologies’ market cap is currently $5.47B and has a P/E ratio of -115.90. The company has a Price to Book ratio of 19.25.

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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.

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