StockNews.com Begins Coverage on Veradigm (NASDAQ:MDRX)

StockNews.com began coverage on shares of Veradigm (NASDAQ:MDRX) in a research report report published on Friday. The brokerage issued a hold rating on the software maker’s stock.

Several other analysts also recently weighed in on MDRX. Deutsche Bank Aktiengesellschaft reiterated a hold rating and set a $10.00 price target (down previously from $15.00) on shares of Veradigm in a research note on Tuesday, March 19th. TD Cowen dropped their price target on Veradigm from $26.00 to $15.00 and set a buy rating on the stock in a research note on Tuesday, May 28th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Veradigm currently has a consensus rating of Hold and a consensus price target of $12.00.

Veradigm Price Performance

Shares of NASDAQ:MDRX opened at $9.85 on Friday. The business’s 50-day moving average is $8.93 and its 200 day moving average is $8.61. Veradigm has a 1 year low of $5.01 and a 1 year high of $14.09.

Institutional Trading of Veradigm

A number of hedge funds have recently modified their holdings of MDRX. TFO Wealth Partners LLC boosted its stake in shares of Veradigm by 105,280.0% in the fourth quarter. TFO Wealth Partners LLC now owns 5,269 shares of the software maker’s stock worth $52,000 after buying an additional 5,264 shares during the last quarter. Gladius Capital Management LP boosted its stake in shares of Veradigm by 135.0% in the fourth quarter. Gladius Capital Management LP now owns 6,245 shares of the software maker’s stock worth $66,000 after buying an additional 3,587 shares during the last quarter. Meadow Creek Wealth Advisors LLC purchased a new position in Veradigm during the first quarter worth approximately $83,000. Headlands Technologies LLC boosted its position in Veradigm by 14,907.7% during the fourth quarter. Headlands Technologies LLC now owns 9,755 shares of the software maker’s stock worth $102,000 after purchasing an additional 9,690 shares in the last quarter. Finally, Forest Hill Capital LLC purchased a new position in Veradigm during the fourth quarter worth approximately $210,000.

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.