Veradigm Inc. (NASDAQ:MDRX - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $8.03, but opened at $7.60. Veradigm shares last traded at $7.68, with a volume of 1,758 shares.
Analyst Ratings Changes
Several brokerages have weighed in on MDRX. Barclays began coverage on Veradigm in a research note on Wednesday, January 3rd. They set an "equal weight" rating and a $11.00 target price on the stock. Royal Bank of Canada cut their price objective on shares of Veradigm from $22.00 to $11.00 and set an "outperform" rating on the stock in a research note on Friday, January 19th. StockNews.com assumed coverage on shares of Veradigm in a report on Tuesday. They issued a "hold" rating for the company. 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 note on Tuesday, March 19th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, Veradigm currently has a consensus rating of "Hold" and an average price target of $11.25.
Read Our Latest Research Report on MDRX
Veradigm Stock Down 1.0 %
The stock has a 50 day moving average price of $7.76 and a 200 day moving average price of $9.96.
Institutional Investors Weigh In On Veradigm
Hedge funds and other institutional investors have recently bought and sold shares of the business. TFO Wealth Partners LLC grew its stake in shares of Veradigm by 105,280.0% in the 4th quarter. TFO Wealth Partners LLC now owns 5,269 shares of the software maker's stock worth $52,000 after purchasing an additional 5,264 shares during the last quarter. Gladius Capital Management LP boosted its holdings in Veradigm by 135.0% during the fourth quarter. Gladius Capital Management LP now owns 6,245 shares of the software maker's stock worth $66,000 after buying an additional 3,587 shares in the last quarter. Meadow Creek Wealth Advisors LLC acquired a new position in Veradigm in the first quarter worth approximately $83,000. Headlands Technologies LLC increased its holdings in shares of Veradigm by 14,907.7% in the fourth quarter. Headlands Technologies LLC now owns 9,755 shares of the software maker's stock valued at $102,000 after buying an additional 9,690 shares in the last quarter. Finally, Covestor Ltd lifted its position in shares of Veradigm by 10.3% during the 3rd quarter. Covestor Ltd now owns 10,336 shares of the software maker's stock valued at $136,000 after acquiring an additional 966 shares during the last quarter.
Veradigm Company Profile
(
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.
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