Veradigm (NASDAQ:MDRX) Trading Up 4.2%

Veradigm Inc. (NASDAQ:MDRXGet Free Report)’s stock price rose 4.2% during mid-day trading on Friday . The stock traded as high as $10.00 and last traded at $9.90. Approximately 34,928 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 2,916,409 shares. The stock had previously closed at $9.50.

Analysts Set New Price Targets

A number of equities analysts have weighed in on MDRX shares. TD Cowen decreased their price objective on shares of Veradigm from $26.00 to $15.00 and set a “buy” rating for the company in a research report on Tuesday, May 28th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $10.00 target price (down from $15.00) on shares of Veradigm in a research report on Tuesday, March 19th. Finally, StockNews.com assumed coverage on shares of Veradigm in a research note on Sunday, June 2nd. They issued a “hold” rating for the company. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $12.00.

Get Our Latest Analysis on Veradigm

Veradigm Trading Down 0.5 %

The business has a fifty day simple moving average of $8.07 and a 200 day simple moving average of $8.88.

Institutional Trading of Veradigm

Several institutional investors have recently added to or reduced their stakes in MDRX. TFO Wealth Partners LLC lifted its position in shares of Veradigm by 105,280.0% in the 4th 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 boosted 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 acquiring an additional 3,587 shares during the period. Headlands Technologies LLC grew its holdings in shares of Veradigm by 14,907.7% during the fourth quarter. Headlands Technologies LLC now owns 9,755 shares of the software maker’s stock valued at $102,000 after purchasing an additional 9,690 shares during the last quarter. Covestor Ltd raised its position in shares of Veradigm by 10.3% during the 3rd quarter. Covestor Ltd now owns 10,336 shares of the software maker’s stock worth $136,000 after purchasing an additional 966 shares during the period. Finally, Meadow Creek Wealth Advisors LLC bought a new stake in shares of Veradigm in the 1st quarter worth approximately $83,000.

Veradigm Company Profile

(Get Free Report)

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.

Further Reading

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