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

Veradigm Inc. (NASDAQ:MDRX) gapped down prior to trading on Tuesday . The stock had previously closed at $9.65, but opened at $9.10. Veradigm shares last traded at $9.75, with a volume of 5,552 shares.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MDRX. StockNews.com started coverage on Veradigm in a research report on Wednesday, August 21st. They set a “hold” rating on the stock. TD Cowen decreased their target price on Veradigm from $26.00 to $15.00 and set a “buy” rating on the stock in a research note on Tuesday, May 28th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $12.00.

Veradigm Price Performance

The stock has a 50-day moving average of $9.59 and a two-hundred day moving average of $8.60.

Hedge Funds Weigh In On Veradigm

A number of large investors have recently bought and sold shares of MDRX. Louisiana State Employees Retirement System purchased a new stake in shares of Veradigm during the fourth quarter worth about $574,000. New York State Common Retirement Fund grew its position in shares of Veradigm by 4.4% in the 4th quarter. New York State Common Retirement Fund now owns 78,343 shares of the software maker’s stock worth $822,000 after buying an additional 3,313 shares during the last quarter. Truist Financial Corp increased its stake in shares of Veradigm by 27.8% during the fourth quarter. Truist Financial Corp now owns 38,911 shares of the software maker’s stock valued at $408,000 after buying an additional 8,473 shares during the period. Headlands Technologies LLC raised its holdings in shares of Veradigm by 14,907.7% during the fourth 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, Victory Capital Management Inc. lifted its stake in Veradigm by 27.0% in the fourth quarter. Victory Capital Management Inc. now owns 40,947 shares of the software maker’s stock worth $430,000 after acquiring an additional 8,710 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.