GoodRx HoldingsGDRX
Market Cap: $2.93B
About: GoodRx Holdings Inc is a consumer-focused digital healthcare platform that aims to lower the cost of healthcare in the United States. It operates a price comparison platform that provides consumers with curated, geographically relevant prescription pricing, and provides access to negotiated prices through codes that can be used to save money on prescriptions across the United States. GoodRx generates revenue from core business from pharmacy benefit managers (PBMs) that manage formularies and prescription transactions including establishing pricing between consumers and pharmacies. It also offers various healthcare products and services, including pharma manufacturer solutions, subscriptions, and telehealth services.
Employees: 694
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
24% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 25
20% more call options, than puts
Call options by funds: $6.4M | Put options by funds: $5.33M
11% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 44
11% more capital invested
Capital invested by funds: $924M [Q1] → $1.03B (+$103M) [Q2]
4% more funds holding
Funds holding: 155 [Q1] → 161 (+6) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 3 [Q1] → 3 (+0) [Q2]
0% more ownership
Funds ownership: 139.62% [Q1] → 139.63% (+0%) [Q2]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
RBC Capital Sean Dodge 55% 1-year accuracy 24 / 44 met price target | 30%upside $10 | Outperform Reiterated | 16 Aug 2024 |
Citigroup Daniel Grosslight 90% 1-year accuracy 9 / 10 met price target | 30%upside $10 | Buy Maintained | 9 Aug 2024 |
UBS Eric Sheridan 60% 1-year accuracy 33 / 55 met price target | 10%upside $8.50 | Neutral Maintained | 9 Aug 2024 |
Morgan Stanley Craig Hettenbach 63% 1-year accuracy 5 / 8 met price target | 23%upside $9.50 | Equal-Weight Maintained | 10 Jun 2024 |