Veradigm (NASDAQ:MDRX) Shares Gap Down to $7.75

Veradigm Inc. (NASDAQ:MDRXGet Free Report) shares gapped down prior to trading on Friday . The stock had previously closed at $7.75, but opened at $7.50. Veradigm shares last traded at $7.65, with a volume of 10,412 shares trading hands.

Analysts Set New Price Targets

MDRX has been the subject of a number of research analyst reports. Royal Bank of Canada dropped their price objective on Veradigm from $22.00 to $11.00 and set an “outperform” rating for the company in a report on Friday, January 19th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $10.00 price target (down from $15.00) on shares of Veradigm in a research note on Tuesday, March 19th. Finally, StockNews.com initiated coverage on Veradigm in a report on Thursday. They set a “hold” rating for the company. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.25.

Get Our Latest Stock Analysis on Veradigm

Veradigm Price Performance

The firm has a 50-day simple moving average of $7.76 and a 200 day simple moving average of $9.49.

Institutional Investors Weigh In On Veradigm

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Veradigm by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 14,275,875 shares of the software maker’s stock worth $149,754,000 after acquiring an additional 95,291 shares during the period. Wellington Management Group LLP lifted its position in shares of Veradigm by 117.8% during the fourth 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. William Blair Investment Management LLC boosted its stake in shares of Veradigm by 16.6% in the third quarter. William Blair Investment Management LLC now owns 4,375,005 shares of the software maker’s stock valued at $57,488,000 after purchasing an additional 623,438 shares during the period. Pacer Advisors Inc. grew its holdings in Veradigm by 108.1% during the 4th quarter. Pacer Advisors Inc. now owns 2,516,574 shares of the software maker’s stock valued at $26,399,000 after purchasing an additional 1,307,024 shares in the last quarter. Finally, Westfield Capital Management Co. LP increased its stake in Veradigm by 7.4% during the 3rd quarter. Westfield Capital Management Co. LP now owns 2,401,754 shares of the software maker’s stock worth $31,559,000 after buying an additional 165,642 shares during the period.

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.

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