Shares of Veradigm Inc. (NASDAQ:MDRX - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $7.70, but opened at $7.50. Veradigm shares last traded at $7.90, with a volume of 2,242 shares changing hands.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on MDRX shares. Barclays began coverage on Veradigm in a research report on Wednesday, January 3rd. They issued an "equal weight" rating and a $11.00 price target on the stock. StockNews.com began coverage on Veradigm in a research report on Saturday. They set a "hold" rating on the stock. Royal Bank of Canada cut their target price on Veradigm from $22.00 to $11.00 and set an "outperform" rating on the stock in a research report on Friday, January 19th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $10.00 target price (down previously from $15.00) on shares of Veradigm in a research report on Tuesday, March 19th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Veradigm presently has a consensus rating of "Hold" and a consensus target price of $11.25.
Get Our Latest Stock Analysis on Veradigm
Veradigm Stock Performance
The business has a 50 day moving average of $8.16 and a 200-day moving average of $10.58.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Veradigm by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 14,275,875 shares of the software maker's stock valued at $149,754,000 after purchasing an additional 95,291 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Veradigm by 117.8% in the 4th quarter. Wellington Management Group LLP now owns 5,806,297 shares of the software maker's stock valued at $60,908,000 after purchasing an additional 3,140,483 shares during the last quarter. State Street Corp grew its stake in shares of Veradigm by 3.2% in the 1st quarter. State Street Corp now owns 4,448,241 shares of the software maker's stock valued at $100,174,000 after purchasing an additional 136,905 shares during the last quarter. William Blair Investment Management LLC grew its stake in shares of Veradigm by 16.6% in the 3rd quarter. William Blair Investment Management LLC now owns 4,375,005 shares of the software maker's stock valued at $57,488,000 after purchasing an additional 623,438 shares during the last quarter. Finally, Pacer Advisors Inc. grew its stake in shares of Veradigm by 108.1% in the 4th quarter. Pacer Advisors Inc. now owns 2,516,574 shares of the software maker's stock valued at $26,399,000 after purchasing an additional 1,307,024 shares during the last quarter.
About Veradigm
(
Get Free Report)
Veradigm Inc, a healthcare technology company, provides information technology solutions and services to healthcare organizations in the United States, Canada, and internationally. It offers electronic health records (EHR), information connectivity, private cloud hosting, outsourcing, analytics, patient access, and population health management solutions.
See Also
Before you consider Veradigm, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Veradigm wasn't on the list.
While Veradigm currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
