Veradigm - MDRX Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Veradigm in the last year. There are currently 1 sell rating, 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" MDRX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MDRX, but not buy additional shares or sell existing shares.
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7 Wall Street analysts have issued 12 month target prices for Veradigm's shares. Their MDRX share price forecasts range from $18.50 to $26.00. On average, they anticipate the company's stock price to reach $22.92 in the next twelve months. This suggests a possible upside of 32.5% from the stock's current price.
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Veradigm's stock was trading at $17.64 on January 1st, 2023. Since then, MDRX stock has decreased by 1.9% and is now trading at $17.30.
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Veradigm saw a increase in short interest during the month of January. As of January 15th, there was short interest totaling 10,740,000 shares, an increase of 21.6% from the December 31st total of 8,830,000 shares. Based on an average trading volume of 1,300,000 shares, the short-interest ratio is currently 8.3 days. Approximately 10.1% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
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Veradigm will be holding an earnings conference call on Thursday, February 23rd at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

Veradigm Inc. (NASDAQ:MDRX) announced its quarterly earnings data on Thursday, November, 4th. The software maker reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.09. The software maker earned $369 million during the quarter, compared to analysts' expectations of $376.09 million. Veradigm had a net margin of 7.25% and a trailing twelve-month return on equity of 10.74%. The company's quarterly revenue was down 8.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.15 earnings per share.

Veradigm announced that its board has authorized a share repurchase plan on Wednesday, May 26th 2021, which allows the company to buyback $350,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 14% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's management believes its shares are undervalued.

Veradigm issued an update on its FY 2023 earnings guidance on Wednesday, January, 11th. The company provided earnings per share guidance of $0.90-$1.00 for the period, compared to the consensus estimate of $0.95. The company issued revenue guidance of $640.00 million-$660.00 million, compared to the consensus revenue estimate of $656.84 million.

796 employees have rated Veradigm Chief Executive Officer Paul Black on Glassdoor.com. Paul Black has an approval rating of 65% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Veradigm investors own include Advanced Micro Devices (AMD), Netflix (NFLX), Energy Transfer (ET), CVS Health (CVS), Ford Motor (F), Himax Technologies (HIMX), Intel (INTC), OPKO Health (OPK), Tesla (TSLA) and Activision Blizzard (ATVI).

Veradigm trades on the NASDAQ under the ticker symbol "MDRX."

Veradigm's stock is owned by a number of institutional and retail investors. Top institutional investors include Fisher Asset Management LLC (4.05%), Peregrine Capital Management LLC (0.55%), Allspring Global Investments Holdings LLC (0.26%), SG Americas Securities LLC (0.22%), New York State Teachers Retirement System (0.17%) and Nisa Investment Advisors LLC (0.14%). Insiders that own company stock include Brian Farley, David B Stevens, Dennis Olis, Elaina Shekhter, Elizabeth Ann Altman, Greg Garrison, Leah Jones, Lisa Khorey, Michael Klayko, Paul Black, Richard J Poulton, Tejal Vakharia and Thomas Langan.
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Shares of MDRX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MDRX stock can currently be purchased for approximately $17.30.

Veradigm (NASDAQ:MDRX) has a market capitalization of $1.89 billion and generates $1.53 billion in revenue each year. The software maker earns $134.44 million in net income (profit) each year or $0.43 on an earnings per share basis.

The company employs 8,000 workers across the globe.

Veradigm's mailing address is 222 MERCHANDISE MART PLAZA SUITE 2024, CHICAGO IL, 60654. The official website for the company is www.allscripts.com. The software maker can be reached via phone at (800) 334-8534, via email at stephen.shulstein@allscripts.com, or via fax at 313-322-9600.