Veradigm (NASDAQ:MDRX) Shares Gap Down to $9.37

Veradigm Inc. (NASDAQ:MDRX) shares gapped down prior to trading on Tuesday . The stock had previously closed at $9.37, but opened at $9.01. Veradigm shares last traded at $9.30, with a volume of 3,532 shares traded.

Analysts Set New Price Targets

Several research firms have weighed in on MDRX. StockNews.com started coverage on Veradigm in a report on Monday. They set a “hold” rating on the stock. TD Cowen dropped their target price on Veradigm from $26.00 to $15.00 and set a “buy” rating on the stock in a report on Tuesday, May 28th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $12.00.

Veradigm Stock Down 1.8 %

The stock has a 50 day simple moving average of $9.55 and a 200 day simple moving average of $8.56.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Innealta Capital LLC bought a new position in Veradigm during the second quarter valued at about $38,000. TFO Wealth Partners LLC grew its position in shares of Veradigm by 105,280.0% during the 4th quarter. TFO Wealth Partners LLC now owns 5,269 shares of the software maker’s stock valued at $52,000 after acquiring an additional 5,264 shares during the period. Gladius Capital Management LP increased its stake in shares of Veradigm by 135.0% during the 4th quarter. Gladius Capital Management LP now owns 6,245 shares of the software maker’s stock worth $66,000 after purchasing an additional 3,587 shares during the last quarter. Meadow Creek Wealth Advisors LLC bought a new stake in shares of Veradigm in the 1st quarter worth approximately $83,000. Finally, Headlands Technologies LLC grew its holdings in Veradigm by 14,907.7% during the fourth quarter. Headlands Technologies LLC now owns 9,755 shares of the software maker’s stock valued at $102,000 after purchasing an additional 9,690 shares during the period.

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.