Veradigm (NASDAQ:MDRX) Trading 3.8% Higher

Veradigm Inc. (NASDAQ:MDRXGet Free Report)’s share price was up 3.8% during mid-day trading on Tuesday . The stock traded as high as $8.10 and last traded at $8.10. Approximately 18,402 shares traded hands during trading, a decline of 100% from the average daily volume of 4,657,756 shares. The stock had previously closed at $7.80.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MDRX. StockNews.com assumed coverage on shares of Veradigm in a report on Saturday, March 30th. They issued a “hold” rating on the stock. Royal Bank of Canada lowered their price target on Veradigm from $22.00 to $11.00 and set an “outperform” rating on the stock in a research report on Friday, January 19th. Barclays began coverage on Veradigm in a report on Wednesday, January 3rd. They issued an “equal weight” rating and a $11.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $10.00 price objective (down from $15.00) on shares of Veradigm in a report on Tuesday, March 19th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $11.25.

Get Our Latest Report on MDRX

Veradigm Stock Performance

The stock has a 50 day moving average price of $8.10 and a 200-day moving average price of $10.53.

Institutional Trading of Veradigm

Several hedge funds and other institutional investors have recently bought and sold shares of MDRX. Pinebridge Investments L.P. bought a new position in shares of Veradigm during the second quarter valued at about $26,000. Quarry LP purchased a new position in Veradigm during the 1st quarter valued at about $37,000. TFO Wealth Partners LLC raised its position in Veradigm by 105,280.0% during the 4th quarter. TFO Wealth Partners LLC now owns 5,269 shares of the software maker’s stock valued at $52,000 after purchasing an additional 5,264 shares during the last quarter. Gladius Capital Management LP lifted its holdings in Veradigm by 135.0% in the 4th quarter. Gladius Capital Management LP now owns 6,245 shares of the software maker’s stock worth $66,000 after buying an additional 3,587 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in Veradigm by 95.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,310 shares of the software maker’s stock worth $67,000 after buying an additional 2,587 shares during the period.

Veradigm Company Profile

(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.

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