Colliers Securities analyst Eugene Mannheimer maintained a Hold rating on Irhythm Technologies (IRTC – Research Report) today. The company’s shares closed last Friday at $80.00, close to its 52-week low of $70.35.
According to TipRanks.com, Mannheimer is a 4-star analyst with an average return of 13.9% and a 57.4% success rate. Mannheimer covers the Technology sector, focusing on stocks such as NextGen Healthcare, Castlight Health, and Allscripts.
Currently, the analyst consensus on Irhythm Technologies is a Hold with an average price target of $97.80, representing a 30.4% upside. In a report issued on May 7, Needham also assigned a Hold rating to the stock.
Irhythm Technologies’ market cap is currently $2.34B and has a P/E ratio of -50.30. The company has a Price to Book ratio of 6.88.
Based on the recent corporate insider activity of 58 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.