Veradigm Inc. (NASDAQ:MDRX) Receives Consensus Rating of “Hold” from Brokerages

Shares of Veradigm Inc. (NASDAQ:MDRX) have been given a consensus recommendation of “Hold” by the five brokerages that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $11.25.

A number of analysts recently commented on MDRX shares. Barclays started coverage on shares of Veradigm in a research note on Wednesday, January 3rd. They issued an “equal weight” rating and a $11.00 target price for the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $10.00 target price (down from $15.00) on shares of Veradigm in a research note on Tuesday, March 19th. StockNews.com started coverage on shares of Veradigm in a research note on Monday. They issued a “hold” rating for the company. Finally, Royal Bank of Canada lowered their target price on shares of Veradigm from $22.00 to $11.00 and set an “outperform” rating for the company in a research note on Friday, January 19th.

Veradigm Stock Down 0.8 %

Shares of Veradigm stock opened at $7.45 on Friday. The firm’s 50 day moving average price is $7.85 and its 200-day moving average price is $10.19. Veradigm has a 52-week low of $5.01 and a 52-week high of $14.09.

Institutional Trading of Veradigm

Institutional investors and hedge funds have recently bought and sold shares of the business. Creative Planning lifted its stake in Veradigm by 2,848.4% during the 3rd quarter. Creative Planning now owns 474,376 shares of the software maker’s stock valued at $6,233,000 after acquiring an additional 458,287 shares during the period. Kent Lake Capital LLC lifted its stake in Veradigm by 62.2% during the 4th quarter. Kent Lake Capital LLC now owns 1,500,000 shares of the software maker’s stock valued at $15,735,000 after acquiring an additional 575,000 shares during the period. Burney Co. lifted its stake in Veradigm by 652.8% during the 3rd quarter. Burney Co. now owns 234,094 shares of the software maker’s stock valued at $3,076,000 after acquiring an additional 202,999 shares during the period. Pacer Advisors Inc. lifted its stake 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 acquiring an additional 1,307,024 shares during the period. Finally, Illinois Municipal Retirement Fund acquired a new stake in Veradigm during the 3rd quarter valued at approximately $825,000.

About Veradigm

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.