Veradigm (NASDAQ:MDRX) Shares Gap Down to $7.77

Shares of Veradigm Inc. (NASDAQ:MDRX) gapped down prior to trading on Friday . The stock had previously closed at $7.77, but opened at $7.50. Veradigm shares last traded at $7.50, with a volume of 111 shares trading hands.

Analyst Upgrades and Downgrades

MDRX has been the topic of a number of research reports. StockNews.com began coverage on Veradigm in a report on Friday, May 17th. They issued a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $10.00 target price (down from $15.00) on shares of Veradigm in a report on Tuesday, March 19th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $11.25.

Veradigm Price Performance

The firm has a fifty day simple moving average of $7.81 and a 200 day simple moving average of $9.18.

Institutional Trading of Veradigm

Several institutional investors have recently bought and sold shares of the business. Creative Planning lifted its position in shares of Veradigm by 2,848.4% in the third quarter. Creative Planning now owns 474,376 shares of the software maker’s stock valued at $6,233,000 after acquiring an additional 458,287 shares in the last quarter. Kent Lake Capital LLC lifted its position in shares of Veradigm by 62.2% in the fourth quarter. Kent Lake Capital LLC now owns 1,500,000 shares of the software maker’s stock valued at $15,735,000 after acquiring an additional 575,000 shares in the last quarter. Burney Co. lifted its position in shares of Veradigm by 652.8% in the third quarter. Burney Co. now owns 234,094 shares of the software maker’s stock valued at $3,076,000 after acquiring an additional 202,999 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Veradigm by 108.1% in the fourth quarter. Pacer Advisors Inc. now owns 2,516,574 shares of the software maker’s stock valued at $26,399,000 after acquiring an additional 1,307,024 shares in the last quarter. Finally, Illinois Municipal Retirement Fund purchased a new position in shares of Veradigm in the third quarter valued at approximately $825,000.

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.