GoodRx (NASDAQ:GDRX) Given New $3.00 Price Target at Mizuho

GoodRx (NASDAQ:GDRXFree Report) had its price objective reduced by Mizuho from $4.00 to $3.00 in a research report sent to investors on Friday,Benzinga reports. Mizuho currently has a neutral rating on the stock.

GDRX has been the topic of a number of other reports. Bank of America restated a “reduce” rating on shares of GoodRx in a report on Monday, January 5th. Jefferies Financial Group lowered shares of GoodRx to a “hold” rating in a research note on Thursday, January 22nd. Wall Street Zen cut shares of GoodRx from a “buy” rating to a “hold” rating in a report on Sunday, January 25th. UBS Group dropped their price objective on shares of GoodRx from $4.25 to $4.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Finally, Leerink Partners restated an “outperform” rating and issued a $3.00 target price on shares of GoodRx in a research note on Thursday. Five investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $4.52.

View Our Latest Report on GoodRx

GoodRx Trading Down 6.0%

GDRX traded down $0.12 during trading on Friday, reaching $1.87. 6,060,372 shares of the stock traded hands, compared to its average volume of 3,824,981. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.81. The stock’s 50-day moving average is $2.51 and its 200 day moving average is $3.26. GoodRx has a 12 month low of $1.79 and a 12 month high of $5.81. The stock has a market capitalization of $634.74 million, a PE ratio of 20.78, a P/E/G ratio of 0.76 and a beta of 1.50.

GoodRx (NASDAQ:GDRXGet Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. GoodRx had a return on equity of 9.25% and a net margin of 3.82%.The firm had revenue of $194.79 million during the quarter, compared to analyst estimates of $193.27 million. During the same period last year, the company posted $0.09 EPS. The business’s quarterly revenue was down 1.9% on a year-over-year basis. Equities analysts anticipate that GoodRx will post 0.13 earnings per share for the current year.

Institutional Trading of GoodRx

Several institutional investors have recently made changes to their positions in the company. Quarry LP bought a new position in shares of GoodRx during the third quarter valued at about $33,000. Cetera Investment Advisers purchased a new stake in GoodRx in the 2nd quarter valued at about $50,000. Boothbay Fund Management LLC purchased a new stake in GoodRx in the 3rd quarter valued at about $43,000. Meridian Wealth Management LLC bought a new position in shares of GoodRx during the 4th quarter worth approximately $29,000. Finally, Shay Capital LLC purchased a new position in shares of GoodRx in the 3rd quarter worth approximately $47,000. Institutional investors own 63.77% of the company’s stock.

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About GoodRx

(Get Free Report)

GoodRx Holdings, Inc (NASDAQ: GDRX) operates a digital healthcare platform designed to help consumers compare prescription drug prices at retail pharmacies across the United States. Through its website and mobile applications, GoodRx aggregates pricing and discount information from a wide network of pharmacies, enabling users to access coupons and savings programs on both generic and brand-name medications. The platform also features price transparency tools that inform patients about cost variations and available discounts to alleviate the financial burden of prescription medications.

In addition to its core drug pricing service, GoodRx offers telehealth services under the GoodRx Care brand, providing virtual consultations for a range of non-emergency conditions and prescription needs.

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