Veradigm (NASDAQ:MDRX) Shares Gap Up to $9.65

Shares of Veradigm Inc. (NASDAQ:MDRX) gapped up prior to trading on Tuesday . The stock had previously closed at $9.65, but opened at $9.99. Veradigm shares last traded at $9.80, with a volume of 215,925 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. StockNews.com assumed coverage on Veradigm in a research report on Saturday. They issued a “hold” rating for the company. TD Cowen lowered their price objective on Veradigm from $26.00 to $15.00 and set a “buy” rating for the company in a research report on Tuesday, May 28th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $12.00.

Veradigm Stock Performance

The company has a 50-day moving average price of $9.18 and a 200-day moving average price of $8.57.

Hedge Funds Weigh In On Veradigm

Several institutional investors have recently modified their holdings of MDRX. TFO Wealth Partners LLC grew its position 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 valued at $52,000 after purchasing an additional 5,264 shares during the period. Gladius Capital Management LP grew its position in shares of Veradigm by 135.0% in the 4th quarter. Gladius Capital Management LP now owns 6,245 shares of the software maker’s stock valued at $66,000 after purchasing an additional 3,587 shares during the period. Meadow Creek Wealth Advisors LLC bought a new stake in Veradigm in the 1st quarter valued at approximately $83,000. Headlands Technologies LLC lifted its stake in Veradigm by 14,907.7% in the 4th quarter. Headlands Technologies LLC now owns 9,755 shares of the software maker’s stock valued at $102,000 after acquiring an additional 9,690 shares in the last quarter. Finally, Forest Hill Capital LLC bought a new stake in shares of Veradigm during the 4th quarter worth approximately $210,000.

About Veradigm

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.