Veradigm (NASDAQ:MDRX) Shares Gap Up to $9.50

Veradigm Inc. (NASDAQ:MDRX)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $9.50, but opened at $9.87. Veradigm shares last traded at $9.50, with a volume of 506 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on MDRX shares. StockNews.com began coverage on Veradigm in a report on Tuesday, June 18th. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $10.00 target price (down from $15.00) on shares of Veradigm in a report on Tuesday, March 19th. Finally, TD Cowen reduced their target price on Veradigm from $26.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, May 28th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Veradigm has an average rating of “Hold” and a consensus target price of $12.00.

Veradigm Price Performance

The company’s 50 day moving average price is $8.38 and its 200 day moving average price is $8.69.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MDRX. TFO Wealth Partners LLC increased 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 valued at $52,000 after acquiring an additional 5,264 shares during the last quarter. Gladius Capital Management LP increased its stake in Veradigm by 135.0% during the 4th quarter. Gladius Capital Management LP now owns 6,245 shares of the software maker’s stock worth $66,000 after purchasing an additional 3,587 shares in the last quarter. Meadow Creek Wealth Advisors LLC bought a new stake in Veradigm during the 1st quarter worth approximately $83,000. Headlands Technologies LLC increased its stake in Veradigm by 14,907.7% during the 4th quarter. Headlands Technologies LLC now owns 9,755 shares of the software maker’s stock worth $102,000 after purchasing an additional 9,690 shares in the last quarter. Finally, Covestor Ltd increased its stake in Veradigm by 10.3% during the 3rd quarter. Covestor Ltd now owns 10,336 shares of the software maker’s stock worth $136,000 after purchasing an additional 966 shares in the last quarter.

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.