Veradigm (NASDAQ:MDRX) Trading Down 3.8%

Veradigm Inc. (NASDAQ:MDRXGet Free Report) dropped 3.8% on Wednesday . The stock traded as low as $7.70 and last traded at $7.70. Approximately 1,073 shares traded hands during mid-day trading, a decline of 100% from the average daily volume of 4,602,592 shares. The stock had previously closed at $8.00.

Analysts Set New Price Targets

MDRX has been the topic of several analyst reports. StockNews.com initiated coverage on shares of Veradigm in a report on Saturday. They issued a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $10.00 price objective (down from $15.00) on shares of Veradigm in a report on Tuesday, March 19th. Barclays began coverage on shares of Veradigm in a report on Wednesday, January 3rd. They issued an “equal weight” rating and a $11.00 target price on the stock. Finally, Royal Bank of Canada cut their target price on shares of Veradigm from $22.00 to $11.00 and set an “outperform” rating on the stock in a report on Friday, January 19th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $11.25.

View Our Latest Stock Analysis on Veradigm

Veradigm Stock Down 1.9 %

The company’s fifty day simple moving average is $8.13 and its two-hundred day simple moving average is $10.55.

Institutional Investors Weigh In On Veradigm

Hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP increased 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 acquiring an additional 3,140,483 shares in the last quarter. Point72 Asset Management L.P. increased its position in shares of Veradigm by 13,306.2% during the second quarter. Point72 Asset Management L.P. now owns 1,958,639 shares of the software maker’s stock worth $24,679,000 after acquiring an additional 1,944,029 shares in the last quarter. Westfield Capital Management Co. LP bought a new stake in shares of Veradigm during the first quarter worth $19,088,000. Newtyn Management LLC bought a new stake in shares of Veradigm during the fourth quarter worth $15,333,000. Finally, Pacer Advisors Inc. increased its position in shares of Veradigm by 108.1% during the fourth quarter. Pacer Advisors Inc. now owns 2,516,574 shares of the software maker’s stock worth $26,399,000 after acquiring an additional 1,307,024 shares in the last quarter.

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.

Further Reading

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