iRhythm Technologies
IRTC
About: iRhythm Technologies Inc is a digital healthcare company that creates trusted solutions that detect, predict, and prevent disease. Its principal business is the design, development, and commercialization of device-based technology to provide ambulatory cardiac monitoring services that it believes allow clinicians to diagnose certain arrhythmias quicker and with greater efficiency than other services that rely on traditional technology. Each Zio System combines an FDA-cleared and CE-marked, wire-free, patch-based, 14-day wearable biosensor that continuously records electrocardiogram (ECG) data with a proprietary, FDA-cleared, CE-marked cloud-based data analytic software to help physicians monitor patients and diagnose arrhythmias.
Employees: 2,000
Fund manager confidence
Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
214% more first-time investments, than exits
New positions opened: 69 | Existing positions closed: 22
67% more funds holding in top 10
Funds holding in top 10: 3 [Q1] → 5 (+2) [Q2]
44% more capital invested
Capital invested by funds: $3.77B [Q1] → $5.44B (+$1.67B) [Q2]
18% more funds holding
Funds holding: 255 [Q1] → 300 (+45) [Q2]
9% more repeat investments, than reductions
Existing positions increased: 101 | Existing positions reduced: 93
3.7% less ownership
Funds ownership: 114.56% [Q1] → 110.86% (-3.7%) [Q2]
28% less call options, than puts
Call options by funds: $27.3M | Put options by funds: $37.6M
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
Needham
David Saxon
|
$193
|
Buy
Maintained
|
28 Aug 2025 |
Citigroup
Joanne Wuensch
|
$183
|
Buy
Maintained
|
21 Aug 2025 |
B of A Securities
Stephanie Piazzola
|
$200
|
Buy
Initiated
|
20 Aug 2025 |
JP Morgan
Allen Gong
|
$190
|
Overweight
Maintained
|
1 Aug 2025 |
Canaccord Genuity
William Plovanic
|
$170
|
Buy
Maintained
|
1 Aug 2025 |
Wells Fargo
Nathan Treybeck
|
$180
|
Overweight
Maintained
|
1 Aug 2025 |
Morgan Stanley
Cecilia Furlong
|
$147
|
Overweight
Maintained
|
15 Jul 2025 |
Financial journalist opinion
Based on 6 articles about IRTC published over the past 30 days