GoodRx Holdings Inc (NASDAQ: GDRX) stock jumped 0.58% on Friday to $5.23 against a previous-day closing price of $5.20. With 1.12 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.34 million shares. The 52-week range on GDRX shows that it touched its highest point at $9.37 and its lowest point at $4.14 during that stretch. It currently has a 1-year price target of $6.72. Beta for the stock currently stands at 1.19.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GDRX was up-trending over the past week, with a rise of 9.19%, but this was down by -0.95% over a month. Three-month performance dropped to -19.79% while six-month performance rose 2.95%. The stock gained 4.60% in the past year, while it has gained 12.23% so far this year. A look at the trailing 12-month EPS for GDRX yields 0.04 with Next year EPS estimates of 0.29. For the next quarter, that number is 0.06. This implies an EPS growth rate of -13.19% for this year and 12.24% for next year.
Float and Shares Shorts:
At present, 83.29 million GDRX shares are outstanding with a float of 73.47 million shares on hand for trading. On Oct 30, 2023, short shares totaled 7.23 million, which was 1.78% higher than short shares on Sep 28, 2023. In addition to Mr. Trevor Bezdek as the firm’s Co-founder & Chairman, Mr. Douglas Joseph Hirsch serves as its Co-founder, Chief Mission Officer & Director.
Institutional Ownership:
Through their ownership of 63.14% of GDRX’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 36.66% of GDRX, in contrast to 30.12% held by mutual funds. Shares owned by individuals account for 18.70%. As the largest shareholder in GDRX with 10.22% of the stake, The Vanguard Group, Inc. holds 8,596,361 shares worth 8,596,361. A second-largest stockholder of GDRX, Renaissance Technologies LLC, holds 2,738,138 shares, controlling over 3.26% of the firm’s shares. Columbia Management Investment Ad is the third largest shareholder in GDRX, holding 2,631,227 shares or 3.13% stake. With a 2.77% stake in GDRX, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 2,333,432 shares are owned by the mutual fund manager. The Vanguard Small Cap Index Fund, which owns about 2.31% of GDRX stock, is the second-largest Mutual Fund holder. It holds 1,945,391 shares valued at 9.59 million. Columbia Small Cap Growth Fund holds 1.63% of the stake in GDRX, owning 1,370,610 shares worth 6.76 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GDRX since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With GDRX analysts setting a high price target of $12.00 and a low target of $5.00, the average target price over the next 12 months is $6.72. Based on these targets, GDRX could surge 129.45% to reach the target high and fall by -4.4% to reach the target low. Reaching the average price target will result in a growth of 28.49% from current levels.
Summary of Insider Activity:
Insiders traded GDRX stock several times over the past three months with 5 Buys and 3 Sells. In these transactions, 7,744,894 shares were bought while 73,622 shares were sold. The number of buy transactions has increased to 28 while that of sell transactions has risen to 20 over the past year. The total number of shares bought during that period was 8,975,005 while 314,204 shares were sold.
