Veradigm (NASDAQ:MDRX) Shares Gap Down to $9.75

Veradigm Inc. (NASDAQ:MDRX)’s share price gapped down prior to trading on Monday . The stock had previously closed at $9.75, but opened at $9.41. Veradigm shares last traded at $9.41, with a volume of 20 shares traded.

Analysts Set New Price Targets

MDRX has been the subject of a number of analyst reports. StockNews.com assumed coverage on shares of Veradigm in a report on Sunday. They set a “hold” rating for the company. TD Cowen dropped their price objective on Veradigm from $26.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, May 28th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Veradigm has an average rating of “Hold” and an average target price of $12.00.

Veradigm Stock Performance

The firm’s 50-day moving average is $9.66 and its 200-day moving average is $8.86.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in MDRX. Campbell & CO Investment Adviser LLC raised its holdings 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 bought a new stake in Veradigm during the second quarter worth about $38,000. Assetmark Inc. boosted its stake in Veradigm by 7.3% during the fourth quarter. Assetmark Inc. now owns 66,537 shares of the software maker’s stock worth $698,000 after acquiring an additional 4,529 shares in the last quarter. TFO Wealth Partners LLC grew its holdings in Veradigm by 105,280.0% in the fourth 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 period. Finally, Meadow Creek Wealth Advisors LLC purchased a new position in shares of Veradigm during the first quarter valued at approximately $83,000.

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.