12 Cash-Rich Penny Stocks To Buy According To Hedge Funds

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5. GoodRx Holdings, Inc. (NASDAQ:GDRX)

TTM Operating Cash Flow as of December 31, 2024: $155,017,000

Number of Hedge Fund Holders: 27

Share Price as of March 4: $4.90

GoodRx Holdings, Inc. (NASDAQ:GDRX) ranks 5th on our list of the best cash-rich stocks to buy. It is a California-based company that helps people save money on their medical prescriptions by letting them compare prices and access discounts. On February 18, GoodRx achieved HITRUST i1 Certification for 2025, proving its commitment to keeping user data secure. Hosted on AWS, the platform meets high cybersecurity standards to protect against emerging threats. This certification reinforces GoodRx’s leadership in secure and reliable healthcare savings.

GoodRx Holdings, Inc. (NASDAQ:GDRX) had a strong 2024, with fourth quarter revenue hitting $198.6 million and full-year revenue reaching $792.3 million, up 6% from last year. Prescription transaction revenue increased by 5%, while subscription revenue dropped 8% due to the end of a retailer-specific savings program. Pharma manufacturer solutions also saw impressive growth, with revenue for the segment up 26%. The company turned a profit, reporting $16.4 million in net income after a loss of $8.9 million in 2023.

Among the hedge funds tracked by Insider Monkey in Q4, 27 funds were bullish on GoodRx Holdings, Inc. (NASDAQ:GDRX), compared to 20 funds in the prior quarter. David Rosen’s Rubric Capital Management was the biggest stakeholder of the company, with 5.80 million shares valued at $27 million.

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