Veradigm (NASDAQ:MDRX) Shares Gap Up – Time to Buy?

Veradigm Inc. (NASDAQ:MDRX)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $9.40, but opened at $10.00. Veradigm shares last traded at $10.00, with a volume of 3,447 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Veradigm in a research note on Thursday, December 19th. They set a “hold” rating on the stock. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $11.75.

Veradigm Stock Down 0.5 %

The firm has a fifty day moving average of $9.99 and a two-hundred day moving average of $9.73.

Institutional Investors Weigh In On Veradigm

A hedge fund recently bought a new stake in Veradigm stock. Innealta Capital LLC acquired a new position in shares of Veradigm Inc. (NASDAQ:MDRX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,974 shares of the software maker’s stock, valued at approximately $38,000.

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.