Veradigm (NASDAQ:MDRX) Shares Gap Down to $7.77

Veradigm Inc. (NASDAQ:MDRX)’s share price gapped down before the market opened on Friday . The stock had previously closed at $7.77, but opened at $7.50. Veradigm shares last traded at $7.50, with a volume of 111 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $10.00 target price (down previously from $15.00) on shares of Veradigm in a research report on Tuesday, March 19th. StockNews.com assumed coverage on shares of Veradigm in a research note on Friday, May 17th. 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 stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $11.25.

Veradigm Stock Down 1.5 %

The company’s 50 day moving average price is $7.81 and its 200-day moving average price is $9.18.

Institutional Trading of Veradigm

Several institutional investors have recently made changes to their positions in MDRX. TFO Wealth Partners LLC boosted its holdings 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 holdings in shares of Veradigm by 135.0% in the 4th quarter. Gladius Capital Management LP now owns 6,245 shares of the software maker’s stock worth $66,000 after buying an additional 3,587 shares during the last quarter. Meadow Creek Wealth Advisors LLC purchased a new position in shares of Veradigm in the 1st quarter worth about $83,000. Headlands Technologies LLC boosted its holdings in shares of Veradigm by 14,907.7% in the 4th quarter. Headlands Technologies LLC now owns 9,755 shares of the software maker’s stock worth $102,000 after buying an additional 9,690 shares during the last quarter. Finally, Covestor Ltd boosted its holdings in shares of Veradigm by 10.3% in the 3rd quarter. Covestor Ltd now owns 10,336 shares of the software maker’s stock worth $136,000 after buying an additional 966 shares during the last quarter.

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.