StockNews.com Initiates Coverage on Veradigm (NASDAQ:MDRX)

StockNews.com began coverage on shares of Veradigm (NASDAQ:MDRX) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the software maker’s stock.

Separately, TD Cowen decreased their price objective on Veradigm from $26.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, May 28th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $12.00.

Veradigm Stock Performance

Shares of MDRX opened at $9.95 on Thursday. Veradigm has a 12 month low of $5.01 and a 12 month high of $14.09. The firm has a fifty day simple moving average of $9.61 and a 200 day simple moving average of $8.63.

Institutional Trading of Veradigm

A number of large investors have recently added to or reduced their stakes in MDRX. Innealta Capital LLC bought a new stake in shares of Veradigm in the 2nd quarter valued at about $38,000. TFO Wealth Partners LLC increased its position in Veradigm by 105,280.0% during the fourth quarter. TFO Wealth Partners LLC now owns 5,269 shares of the software maker’s stock worth $52,000 after buying an additional 5,264 shares during the last quarter. Gladius Capital Management LP raised its stake in Veradigm by 135.0% in the fourth quarter. Gladius Capital Management LP now owns 6,245 shares of the software maker’s stock valued at $66,000 after buying an additional 3,587 shares during the period. Meadow Creek Wealth Advisors LLC acquired a new stake in shares of Veradigm in the first quarter valued at approximately $83,000. Finally, Forest Hill Capital LLC bought a new position in shares of Veradigm during the 4th quarter worth approximately $210,000.

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.