Veradigm (NASDAQ:MDRX) Shares Gap Up to $9.70

Veradigm Inc. (NASDAQ:MDRX)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $9.70, but opened at $9.99. Veradigm shares last traded at $9.65, with a volume of 13,088 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. TD Cowen decreased their price target on Veradigm from $26.00 to $15.00 and set a “buy” rating for the company in a research report on Tuesday, May 28th. StockNews.com began coverage on Veradigm in a research report on Sunday. They set a “hold” rating for the company. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $12.00.

Veradigm Stock Performance

The stock has a 50 day moving average price of $9.35 and a two-hundred day moving average price of $8.55.

Institutional Trading of Veradigm

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Innealta Capital LLC acquired a new stake in shares of Veradigm during the 2nd quarter worth approximately $38,000. TFO Wealth Partners LLC grew its holdings in shares of Veradigm by 105,280.0% during the 4th quarter. TFO Wealth Partners LLC now owns 5,269 shares of the software maker’s stock worth $52,000 after purchasing an additional 5,264 shares in the last quarter. Gladius Capital Management LP grew its holdings in shares of Veradigm by 135.0% during the 4th quarter. Gladius Capital Management LP now owns 6,245 shares of the software maker’s stock worth $66,000 after purchasing an additional 3,587 shares in the last quarter. Meadow Creek Wealth Advisors LLC acquired a new stake in shares of Veradigm during the 1st quarter worth approximately $83,000. Finally, Headlands Technologies LLC grew its holdings in shares of Veradigm by 14,907.7% during the 4th quarter. Headlands Technologies LLC now owns 9,755 shares of the software maker’s stock worth $102,000 after purchasing an additional 9,690 shares in the last quarter.

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.