Veradigm (NASDAQ:MDRX) Stock Price Up 6.7%

Veradigm Inc. (NASDAQ:MDRXGet Free Report) shot up 6.7% during trading on Wednesday . The company traded as high as $8.75 and last traded at $8.75. 1,623 shares changed hands during mid-day trading, a decline of 100% from the average session volume of 5,253,128 shares. The stock had previously closed at $8.20.

Analyst Ratings Changes

A number of research firms recently weighed in on MDRX. Royal Bank of Canada lowered their price target on shares of Veradigm from $22.00 to $11.00 and set an “outperform” rating on the stock in a research report on Friday, January 19th. StockNews.com began coverage on Veradigm in a report on Friday. They set a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $10.00 price target (down previously from $15.00) on shares of Veradigm in a report on Tuesday. Finally, Barclays began coverage on Veradigm in a research note on Wednesday, January 3rd. They set an “equal weight” rating and a $11.00 price objective on the stock. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $11.25.

Read Our Latest Stock Report on MDRX

Veradigm Trading Up 3.2 %

The company’s 50-day moving average price is $8.36 and its 200 day moving average price is $10.85.

Institutional Investors Weigh In On Veradigm

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pinebridge Investments L.P. purchased a new stake in Veradigm in the 2nd quarter valued at about $26,000. Quadrant Capital Group LLC raised its stake in shares of Veradigm by 200.5% in the 2nd quarter. Quadrant Capital Group LLC now owns 2,263 shares of the software maker’s stock valued at $29,000 after acquiring an additional 1,510 shares during the period. Quarry LP acquired a new position in shares of Veradigm in the 1st quarter worth approximately $37,000. Advisor Group Holdings Inc. boosted its position in shares of Veradigm by 15.6% during the 4th quarter. Advisor Group Holdings Inc. now owns 4,833 shares of the software maker’s stock worth $85,000 after purchasing an additional 651 shares during the period. Finally, TFO Wealth Partners LLC increased its holdings in Veradigm by 105,280.0% in the 4th quarter. TFO Wealth Partners LLC now owns 5,269 shares of the software maker’s stock valued at $52,000 after purchasing an additional 5,264 shares during the last quarter.

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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