10 Cheap Penny Stocks to Buy According to Hedge Funds

4. Goodrx Holdings Inc. (NASDAQ:GDRX)

Forward P/E Ratio as of March 11: 11.47

Share Price as of March 11: $4.49

Number of Hedge Fund Holders: 27

Goodrx Holdings Inc. (NASDAQ:GDRX) provides a digital platform that empowers consumers to compare prescription drug prices and access savings in the US. Beyond price comparison, it offers subscription services, pharma manufacturer solutions, and telehealth services through GoodRx Care. It serves both individual consumers and pharmacy benefit managers.

The company’s Manufacturer Solutions segment surged by 26% year-over-year in 2024 and generated $107.2 million. This is attributed to the expansion of integrated access solutions, brand point-of-sale discount programs, and the launch of e-commerce capabilities at the company. The number of partnered brands increased from 150 in 2023 to 200+ in 2024. The brand point-of-sale discount program saw the number of signed brands nearly triple from the beginning of 2024 to 78 by year-end.

Goodrx Holdings Inc. (NASDAQ:GDRX) is using its platform to offer integrated access solutions. This allows pharmaceutical manufacturers to connect with a large pool of qualified consumers for co-pay and patient support programs. The launch of e-commerce capabilities, starting with Opill, has opened new avenues for direct-to-patient engagement. The shift from media-based partnerships to integrated platform partnerships, exemplified by the Pfizer collaboration, is also a focus for the company.