Veradigm (NASDAQ:MDRX) Shares Gap Down to $7.70

Veradigm Inc. (NASDAQ:MDRXGet Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $7.70, but opened at $7.50. Veradigm shares last traded at $7.90, with a volume of 2,242 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MDRX. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $10.00 price objective (down from $15.00) on shares of Veradigm in a research note on Tuesday, March 19th. StockNews.com began coverage on Veradigm in a research note on Saturday. They issued a “hold” rating on the stock. Royal Bank of Canada reduced their target price on Veradigm from $22.00 to $11.00 and set an “outperform” rating for the company in a research note on Friday, January 19th. Finally, Barclays started coverage on Veradigm in a report on Wednesday, January 3rd. They set an “equal weight” rating and a $11.00 price target for the company. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Veradigm presently has a consensus rating of “Hold” and a consensus target price of $11.25.

Read Our Latest Stock Report on Veradigm

Veradigm Price Performance

The company has a 50 day moving average of $8.13 and a 200-day moving average of $10.55.

Institutional Investors Weigh In On Veradigm

Hedge funds and other institutional investors have recently modified their holdings of the company. Advisor Group Holdings Inc. raised its stake in Veradigm by 15.6% in the 4th 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 in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Veradigm by 2.7% in 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 in the last quarter. Prelude Capital Management LLC boosted its stake in shares of Veradigm by 8.9% in 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 grew its position in Veradigm by 10.3% during the third quarter. Covestor Ltd now owns 10,336 shares of the software maker’s stock worth $136,000 after buying an additional 966 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in Veradigm by 3.6% during the 1st quarter. Bank of Montreal Can now owns 34,210 shares of the software maker’s stock worth $768,000 after acquiring an additional 1,198 shares during the period.

About Veradigm

(Get Free Report)

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.

Further Reading

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