Veradigm (NASDAQ:MDRX) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Veradigm (NASDAQ:MDRXFree Report) in a research report report published on Sunday morning. The brokerage issued a hold rating on the software maker’s stock.

A number of other research analysts also recently issued reports on the company. Royal Bank of Canada decreased their price target on Veradigm from $22.00 to $11.00 and set an outperform rating for the company in a report on Friday, January 19th. Stephens reaffirmed an equal weight rating and set a $13.00 target price on shares of Veradigm in a research note on Tuesday, November 14th. Finally, Barclays started coverage on Veradigm in a research note on Wednesday, January 3rd. They set an equal weight rating and a $11.00 target price for the company. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Hold and a consensus price target of $14.00.

Read Our Latest Analysis on MDRX

Veradigm Price Performance

Shares of NASDAQ:MDRX opened at $8.54 on Friday. Veradigm has a 12-month low of $8.23 and a 12-month high of $17.84. The business has a 50 day moving average of $9.93 and a two-hundred day moving average of $11.97.

Institutional Trading of Veradigm

Several large investors have recently made changes to their positions in MDRX. 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 purchasing an additional 1,944,029 shares in the last quarter. Westfield Capital Management Co. LP purchased a new stake in Veradigm in the 1st quarter valued at $19,088,000. Pacer Advisors Inc. grew its holdings in Veradigm by 108.1% in the 4th quarter. Pacer Advisors Inc. now owns 2,516,574 shares of the software maker’s stock valued at $26,399,000 after buying an additional 1,307,024 shares in the last quarter. Wellington Management Group LLP grew its holdings in Veradigm by 92.5% in the 3rd quarter. Wellington Management Group LLP now owns 2,665,814 shares of the software maker’s stock valued at $35,029,000 after buying an additional 1,281,319 shares in the last quarter. Finally, Kent Lake Capital LLC purchased a new stake in Veradigm in the 2nd quarter valued at $10,344,000.

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.

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