Veradigm (NASDAQ:MDRX) Shares Gap Down to $9.90

Shares of Veradigm Inc. (NASDAQ:MDRX) gapped down before the market opened on Tuesday . The stock had previously closed at $9.90, but opened at $9.50. Veradigm shares last traded at $9.90, with a volume of 3,582 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MDRX. StockNews.com started coverage on shares of Veradigm in a research note on Saturday, September 14th. They issued a “hold” rating for the company. TD Cowen lowered their target price on shares of Veradigm from $26.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, May 28th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Veradigm presently has a consensus rating of “Hold” and an average price target of $12.00.

Veradigm Price Performance

The company has a fifty day moving average price of $9.66 and a 200-day moving average price of $8.80.

Institutional Trading of Veradigm

Several institutional investors have recently added to or reduced their stakes in MDRX. Teacher Retirement System of Texas boosted its position in Veradigm by 1.8% in the 4th quarter. Teacher Retirement System of Texas now owns 74,821 shares of the software maker’s stock valued at $785,000 after buying an additional 1,331 shares during the period. Campbell & CO Investment Adviser LLC grew its stake in Veradigm by 5.7% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 42,113 shares of the software maker’s stock worth $442,000 after purchasing an additional 2,263 shares in the last quarter. Innealta Capital LLC purchased a new position in Veradigm during the 2nd quarter worth $38,000. Assetmark Inc. raised its position in Veradigm by 7.3% during the 4th quarter. Assetmark Inc. now owns 66,537 shares of the software maker’s stock valued at $698,000 after purchasing an additional 4,529 shares in the last quarter. Finally, TFO Wealth Partners LLC lifted its holdings 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 buying an additional 5,264 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.