Veradigm Inc. (NASDAQ:MDRX) Receives $11.25 Consensus Target Price from Brokerages

Shares of Veradigm Inc. (NASDAQ:MDRX) have been assigned a consensus recommendation of “Hold” from the five analysts that are presently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $11.25.

MDRX has been the subject of a number of recent analyst reports. StockNews.com assumed coverage on Veradigm in a research note on Thursday. They issued a “hold” rating for the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $10.00 price target (down from $15.00) on shares of Veradigm in a report on Tuesday, March 19th. Finally, Royal Bank of Canada cut their price objective on Veradigm from $22.00 to $11.00 and set an “outperform” rating on the stock in a report on Friday, January 19th.

Veradigm Trading Up 1.8 %

Shares of NASDAQ:MDRX opened at $7.75 on Tuesday. The company has a 50 day moving average of $7.73 and a 200-day moving average of $9.56. Veradigm has a one year low of $5.01 and a one year high of $14.09.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MDRX. Creative Planning lifted its position in Veradigm by 2,848.4% during the third quarter. Creative Planning now owns 474,376 shares of the software maker’s stock worth $6,233,000 after acquiring an additional 458,287 shares during the last quarter. Kent Lake Capital LLC grew its position in shares of Veradigm by 62.2% during the 4th quarter. Kent Lake Capital LLC now owns 1,500,000 shares of the software maker’s stock worth $15,735,000 after purchasing an additional 575,000 shares in the last quarter. Burney Co. increased its holdings in shares of Veradigm by 652.8% during the third quarter. Burney Co. now owns 234,094 shares of the software maker’s stock worth $3,076,000 after purchasing an additional 202,999 shares during the period. Pacer Advisors Inc. boosted its stake in shares of Veradigm by 108.1% in the fourth quarter. Pacer Advisors Inc. now owns 2,516,574 shares of the software maker’s stock valued at $26,399,000 after buying an additional 1,307,024 shares during the period. Finally, Illinois Municipal Retirement Fund acquired a new stake in Veradigm during the third quarter worth approximately $825,000.

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.