Veradigm (NASDAQ:MDRX) Shares Gap Up to $7.85

Veradigm Inc. (NASDAQ:MDRX - Get Free Report)'s share price gapped up prior to trading on Thursday . The stock had previously closed at $7.85, but opened at $8.10. Veradigm shares last traded at $7.85, with a volume of 30,987 shares traded.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MDRX. StockNews.com began coverage on shares of Veradigm in a research note on Saturday, March 30th. They issued a "hold" rating on the stock. Barclays started coverage on shares of Veradigm in a research note on Wednesday, January 3rd. They issued an "equal weight" rating and a $11.00 price target on the stock. Royal Bank of Canada decreased their target price on Veradigm from $22.00 to $11.00 and set an "outperform" rating for the company in a research report on Friday, January 19th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued 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 issued a buy rating to the company's stock. According to MarketBeat, Veradigm currently has an average rating of "Hold" and a consensus price target of $11.25.

Veradigm Trading Down 1.9 %

The business has a 50-day moving average price of $8.07 and a 200 day moving average price of $10.51.

Institutional Trading of Veradigm

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisor Group Holdings Inc. increased its stake in Veradigm by 15.6% in the fourth quarter. Advisor Group Holdings Inc. now owns 4,833 shares of the software maker's stock worth $85,000 after purchasing an additional 651 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Veradigm by 2.7% during the third quarter. PNC Financial Services Group Inc. now owns 32,052 shares of the software maker's stock valued at $421,000 after buying an additional 836 shares during the period. Prelude Capital Management LLC increased its stake in shares of Veradigm by 8.9% during the third quarter. Prelude Capital Management LLC now owns 11,428 shares of the software maker's stock valued at $174,000 after buying an additional 930 shares during the period. Covestor Ltd increased its stake in shares of Veradigm by 10.3% during the third quarter. Covestor Ltd now owns 10,336 shares of the software maker's stock valued at $136,000 after buying an additional 966 shares during the period. Finally, Bank of Montreal Can increased its stake in shares of Veradigm by 3.6% during the first quarter. Bank of Montreal Can now owns 34,210 shares of the software maker's stock valued at $768,000 after buying an additional 1,198 shares during the period.

Veradigm Company Profile

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.