Veradigm (NASDAQ:MDRX) Shares Gap Down – Here’s Why

Veradigm Inc. (NASDAQ:MDRX)’s share price gapped down prior to trading on Monday . The stock had previously closed at $10.21, but opened at $9.75. Veradigm shares last traded at $10.00, with a volume of 4,082 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Veradigm in a research note on Wednesday, December 11th. They set a “hold” rating for the company. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.75.

Veradigm Stock Down 2.7 %

The stock’s 50 day moving average price is $9.98 and its 200-day moving average price is $9.74.

Hedge Funds Weigh In On Veradigm

A hedge fund recently bought a new stake in Veradigm stock. Innealta Capital LLC bought a new position in Veradigm Inc. (NASDAQ:MDRX) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,974 shares of the software maker’s stock, valued at approximately $38,000.

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.