Veradigm (NASDAQ:MDRX) Shares Gap Up to $9.50

Veradigm Inc. (NASDAQ:MDRXGet Free Report)’s share price gapped up before the market opened on Friday . The stock had previously closed at $9.50, but opened at $10.20. Veradigm shares last traded at $10.20, with a volume of 3,017 shares.

Analyst Ratings Changes

MDRX has been the subject of several research analyst reports. StockNews.com initiated coverage on shares of Veradigm in a report on Thursday. They set a “hold” rating for the company. TD Cowen reduced their target price on shares of Veradigm from $26.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, May 28th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $10.00 price objective (down previously from $15.00) on shares of Veradigm in a report on Tuesday, March 19th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $12.00.

Read Our Latest Report on MDRX

Veradigm Stock Performance

The stock’s fifty day moving average price is $8.73 and its two-hundred day moving average price is $8.63.

Hedge Funds Weigh In On Veradigm

A number of institutional investors have recently added to or reduced their stakes in MDRX. Wellington Management Group LLP increased its position in Veradigm by 117.8% during the 4th quarter. Wellington Management Group LLP now owns 5,806,297 shares of the software maker’s stock worth $60,908,000 after purchasing an additional 3,140,483 shares in the last quarter. Pacer Advisors Inc. increased its position in Veradigm by 108.1% in the 4th 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 during the period. Tyro Capital Management LLC acquired a new position in Veradigm in the 1st quarter valued at approximately $9,055,000. Kent Lake Capital LLC increased its position in Veradigm by 62.2% in the 4th 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 during the period. Finally, Creative Planning increased its position in Veradigm by 2,848.4% in the 3rd 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 during the period.

About Veradigm

(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.

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