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

Veradigm Inc. (NASDAQ:MDRX)’s share price gapped up before the market opened on Friday . The stock had previously closed at $9.50, but opened at $10.20. Veradigm shares last traded at $10.20, with a volume of 3,017 shares.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MDRX. TD Cowen reduced 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. StockNews.com assumed coverage on shares of Veradigm in a research report on Thursday. They set a “hold” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $10.00 price target (down previously from $15.00) on shares of Veradigm in a research report on Tuesday, March 19th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Veradigm has a consensus rating of “Hold” and an average price target of $12.00.

Veradigm Price Performance

The company’s 50-day moving average price is $8.70 and its 200-day moving average price is $8.64.

Hedge Funds Weigh In On Veradigm

Several hedge funds and other institutional investors have recently modified their holdings of the business. Tyro Capital Management LLC purchased a new position in shares of Veradigm in the first quarter worth about $9,055,000. Horrell Capital Management Inc. purchased a new position in shares of Veradigm in the first quarter worth about $385,000. Meadow Creek Wealth Advisors LLC purchased a new position in shares of Veradigm in the first quarter worth about $83,000. Vanguard Group Inc. lifted its stake in shares of Veradigm by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 14,275,875 shares of the software maker’s stock worth $149,754,000 after buying an additional 95,291 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in Veradigm by 117.8% during the fourth quarter. Wellington Management Group LLP now owns 5,806,297 shares of the software maker’s stock worth $60,908,000 after purchasing an additional 3,140,483 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.