Veradigm (NASDAQ:MDRX) Shares Gap Up to $7.45

Veradigm Inc. (NASDAQ:MDRX) shares gapped up before the market opened on Wednesday . The stock had previously closed at $7.45, but opened at $7.90. Veradigm shares last traded at $7.90, with a volume of 11,746 shares changing hands.

Analyst Ratings Changes

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

Veradigm Stock Performance

The business’s fifty day moving average is $7.81 and its 200-day moving average is $10.16.

Hedge Funds Weigh In On Veradigm

Several large investors have recently modified their holdings of MDRX. Wellington Management Group LLP increased its stake in shares of Veradigm by 117.8% in the fourth quarter. Wellington Management Group LLP now owns 5,806,297 shares of the software maker’s stock worth $60,908,000 after purchasing an additional 3,140,483 shares in the last quarter. Point72 Asset Management L.P. increased its stake in shares of Veradigm by 13,306.2% in 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 purchasing an additional 1,944,029 shares in the last quarter. Westfield Capital Management Co. LP purchased a new position in shares of Veradigm in the first quarter worth about $19,088,000. Newtyn Management LLC purchased a new position in shares of Veradigm in the fourth quarter worth about $15,333,000. Finally, Pacer Advisors Inc. increased its stake in shares of Veradigm by 108.1% in the fourth quarter. Pacer Advisors Inc. now owns 2,516,574 shares of the software maker’s stock worth $26,399,000 after purchasing an additional 1,307,024 shares in 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.