Their forecasts range from $29.00 to $70.00. Right now, there are about 15 million monthly visitors to GoodRx's website, with 4.3 million monthly active users. The company makes money by referring foot traffic to retail pharmacies and receiving a reimbursement of between 14% to 15% of the value of the prescription filled. The entry of Amazon into the online prescription drug business will probably put a huge dent in GoodRx's growth rates. Those who use the service can have their prescription filled and delivered free of charge (within two days) in the comfort of their own home, or pick it up at more than 50,000 pharmacies nationwide in 45 states. It should not be surprising that the GoodRx app is the most downloaded medical app in the past three years, with an average rating of 4.8/5 based on over 700,000 reviews. @themotleyfool #stocks $GDRX $AMZN, Why GoodRx Holdings Stock Went Up More Than 15% in January, 3 Areas Where the Healthcare Industry Is Ripe for Disruption, Copyright, Trademark and Patent Information. 3.42%. View GoodRx stock / share price, financials, funding rounds, investors and more at Craft. Company profile page for GoodRx Holdings Inc including stock price, company news, press releases, executives, board members, and contact information Regular trading. Investors who are looking into, Cumulative Growth of a $10,000 Investment in Stock Advisor, Is GoodRx Stock a Buy? View GDRX historial stock data and compare to other stocks and exchanges. The stock began trading at $46 per share, up from its IPO price of $33 per share. The website gets about fourteen million visitors a month. GoodRx has been consistently profitable for the past four years and has broken even over the past nine months of 2020. 1 drug app company by popularity, GoodRx Holdings (NASDAQ:GDRX), is down over 30% from its high and remains below its debut price of $46 per share. The stock had previously closed at $56.99. This thread is archived. Returns as of 03/11/2021. After all, who wouldn't be excited about investing in a company that genuinely helps make prescription drugs affordable for all? Despite having success so far, the bullish case for GoodRx is getting significantly riskier going forward -- disruptors are moving in. However, as we'll see, there might be a little bit more to it than that. 47.03. Perhaps unsurprisingly, the company's good results are already baked into its stock price. ET First Published: Sept. 23, 2020 at 1:02 p.m. View the latest GoodRx Holdings Inc. (GDRX) stock price, news, historical charts, analyst ratings and financial information from WSJ. ET by Tomi Kilgore. Add to watchlist. In the past twelve months, the company grew its sales by a respectable 53% year over year to $472 million. Lives in Québec City, Canada. 1 drug app company by popularity, After all, who wouldn't be excited about investing in a company that genuinely helps make prescription drugs, Even after a steep sell-off, GoodRx stock is trading at a remarkable 32 times revenue, which is very expensive for a company that's increasing its sales by around 50%. On average, they anticipate GoodRx's stock price to reach $51.14 in the next year. save. PHENDIMETRAZINE decreases your appetite. The company traded as low as $53.18 and last traded at $54.08. GoodRx stock jumps more than 50% after IPO raises over $1 billion Last Updated: Sept. 23, 2020 at 4:07 p.m. Can the company hold its ground against a mega-competitor that's about to enter the industry? level 1. share. GoodRx Holdings Inc. (Nasdaq: GDRX), America’s leading resource for healthcare savings, has released its fourth quarter and full year 2020 financial results and posted a letter to shareholders on the Overview page of its investor relations website at https://investors.goodrx.com. GoodRx stock price target cut to $31 from $50 at Deutsche Bank. Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. GoodRx Holdings, Inc. (NASDAQ:GDRX) traded down 5.1% during trading on Thursday . 10. After a nice share run-up post-IPO, America's No. 14 brokers have issued 1-year price objectives for GoodRx's stock. Total revenue was $140.5 million, an increase of 38% from last year. After a nice share run-up post-IPO, America's No. It is used with a reduced calorie diet and exercise to help you lose weight. Market data powered by FactSet and Web Financial Group. Tip: Try a valid symbol or a specific company name for relevant results, NasdaqGS - NasdaqGS Real Time Price. Do we have something similar in Canada that patients can use? Percent Change. Its already has the infrastructure needed via its national fulfillment centers to ship prescriptions in a cost-effective and convenient manner. We’re here to help. % of Institutional Shareholders: The percent of ownership held by large financial institutions or … Currency in USD, Trade prices are not sourced from all markets. This suggests a possible upside of 23.8% from the stock's current price. Shares of GoodRx Holdings (NASDAQ: GDRX) popped on Monday after a Wall Street analyst said the stock could go higher. When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. ET CVS Pharmacy. 100% Upvoted. It's since become a household name, which may be one of the reasons that the stock has been getting so much buzz. Vaccine appointments, extra doses are all adding chaos to a limited-supply rollout of COVID-19 vaccines. Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer. © 2021 Verizon Media. hide. report. GoodRx, a company that finds users prescription drugs at a discount, made its public debut Wednesday. If you're planning to invest, here's how you can buy in. These coupons are available at more than 70,000 pharmacies across the country. Find the latest GoodRx Holdings, Inc. (GDRX) stock quote, history, news and other vital information to help you with your stock trading and investing. updated 18 seconds ago. Summary. GoodRx Stock Earnings. As it turns out, there is a key reason why GoodRx is a great business, but may not be a great investment. Its business model is also highly efficient, producing a gross margin of 96% and an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) margin of 37%. Its last market close was $50.14 – a decrease of 3.82% over the previous week. GoodRx is an American healthcare company that operates a telemedicine platform and a free-to-use website and mobile app that track prescription drug prices in the United States and provide free drug coupons for discounts on medications. Compare prices, print coupons and get savings tips for Buprenorphine (Generic Butrans, Buprenex, and Subutex) and other Pain and Opioid Dependence drugs at … Roughly 80% of users who cash in one of GoodRx's coupons use the service again. In the next decade or so, I'd expect the company's revenue to plateau due to fierce competition from Amazon and restrictions on moving its business model abroad. We’re motley! 1,126,364 shares changed hands during trading, a decline of 41% from the average session volume of 1,893,656 shares. GoodRx Holdings Inc - Class A Stock Price Forecast, "GDRX" Predictons for2021 best. 4 comments. Since its inception in 2011, GoodRx has helped more than 18 million customers fill their prescription drugs, making for over $20 billion in cumulative savings. In addition, its business model would have a hard time competing internationally, as it is only useful in the U.S., which is the only developed country in the world where the government does not have the power to negotiate drug prices. GoodRx works to make its website accessible to all, including those with disabilities. Nov. 18, 2020 at 6:41 a.m. Now, many investors are wondering if they should buy the dip on some shares. Like GoodRx, Amazon Pharmacy would offer up to 80% discounts on generic drugs and 40% discounts on brand name drugs for uninsured patients. US markets are open After hours trading starts in 4 hours. Health Care. GoodRx shares (GDRX.US) are listed on the NASDAQ and all prices are listed in US Dollars. Berger Montague is investigating potential securities fraud claims against GoodRx Holdings, Inc. ("GoodRx" or the "Company") on behalf of investors who purchased GoodRx securities (NASDAQ: GDRX) between September 23, 2020 and November 16, 2020 (the "Class Period"), and encourages investors with losses in excess of $100,000 to contact the firm. But its main focus remains in the prescription market. GDRX has been the subject of […] Our technology gives all Americans — regardless of income or insurance status — the knowledge, choice, and care they need to stay healthy. That could be very problematic for GoodRx's outreach, as Amazon is making the service accessible for more than 126 million of its U.S. Prime members. Average Volume. 60-Month Beta: Coefficient that measures the volatility of a stock's returns relative to the market (S&P 500). Health Care Technology. On Nov. 12, GoodRx released third-quarter results. What makes GoodRx unique is that its service is free to users. https://www.fool.com/investing/2020/12/11/is-goodrx-stock-a-buy GoodRx Holdings Inc. advanced stock charts by MarketWatch. 1,819,280. Even after a steep sell-off, GoodRx stock is trading at a remarkable 32 times revenue, which is very expensive for a company that's increasing its sales by around 50%. At GoodRx, we believe everyone deserves affordable and convenient healthcare. GoodRx Holdings, Inc. (GDRX) NasdaqGS - NasdaqGS Real Time Price. Essentially, Amazon would do be doing GoodRx's job and more. Price Change. GoodRx has raised $1.50 m in total funding. President Biden signs $1.9 trillion stimulus package into law, 42.15 -1.44 (-3.30%)After hours: 4:53PM EST. Investors who are looking into healthcare stocks should pass on GoodRx and search for longer-term alternatives. GoodRx Holdings, Inc. NASDAQ. GoodRx Holdings (NASDAQ: GDRX) was one of the top healthcare IPOs of 2020, and today it has a market cap of $17 billion. It is based on a 60-month historical regression of the return on the stock onto the return on the S&P 500. If you are having difficulty accessing this website, please call or email us at (855) 268-2822 or ada@goodrx.com so that we can provide you with the services you require through alternative means. Zhiyuan Sun is a statistician with a knack for analyzing clinical trials and company financials. $41.38 +1.37. Sort by. The stock opened at $46, nearly 40% above it's IPO price of $33. 5-Day. GoodRx is also expanding its platform to find the lowest price for doctor's visits and telemedicine consultations. 1 year ago. After a nice share run-up post-IPO, America's No. GoodRx checks more than 75,000 pharmacies in the United States. New comments cannot be posted and votes cannot be cast. Due to the sheer size of its existing operations, Amazon could leverage its partnerships with pharmacy benefit managers (PBMs) to negotiate huge bulk discounts when buying medications from drug manufacturers, paving the way for further discounts. Moving Average. On 2021-03-03, GoodRx Holdings (GDRX-Q) stock closed at a price of $44.97. 42.36 +2.35 (+5.87%) At close: 4:00PM EST. This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. Company profile page for GoodRx Inc including stock price, company news, press releases, executives, board members, and contact information Save up to 80% on your prescriptions at pharmacies near you with discounts and coupons from GoodRx. Last month, Amazon (NASDAQ:AMZN) announced it will launch its own digital pharmacy called Amazon Pharmacy. 1 drug app company by popularity, GoodRx Holdings (NASDAQ: GDRX), is down over 30% from its high and remains below its debut price of $46 per share. GoodRx annual revenue was $388.22 m in FY 2019. GoodRx employs 338 staff and has a trailing 12-month revenue of around $471.7 million. Launched in 2011, GoodRx allows customers to compare prescription drug prices. Patients can save up to 80% on their medications with a GoodRx coupon, and up to 90% should they decide to become subscribers. -14.83%. Is there an GoodRX equivalent in Canada? Let's find out together. Fool since April 2020. NEW YORK, NY / ACCESSWIRE / March 11, 2021 / GoodRx Holdings Inc - Ordinary Shares - Class A (NASDAQ:GDRX) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on March 11, 2021 at 5:00 PM Eastern Time.To listen to the event live or access a replay of the call - visit https://www. 10 stocks we like better than GoodRx Holdings, Inc. 42.74 +0.38 (0.90%) After hours: 7:58PM EST. I thought you commies had socialized medicine up there. Investing in healthcare and cannabis is his passion, as well as looking out for new, actionable stock investment ideas in these sectors. The company plays a vital role in serving an estimated 26% of Americans who are uninsured, as well as those who may be under-covered by their insurance plans. Stock Advisor launched in February of 2002. The lowest GoodRx price for the most common version of phendimetrazine is around $10.37, 50% off the average retail price of $21.05. Currency in USD. Look up the prices of your meds at local pharmacies, including: Albertsons. We build better ways for people to find the best care at the best price. Goodrx Holdings Inc Cl A stocks price quote with latest real-time prices, charts, financials, latest news, technical analysis and opinions. Costco. All rights reserved. -7.75. In the next decade or so, I'd expect the company's revenue to plateau due to fierce competition from Amazon and restrictions on moving its business model abroad. GoodRx Holdings, Inc. is a health information services business based in the US.