Veradigm Inc. (NASDAQ:MDRX) Given Average Recommendation of “Hold” by Brokerages

Shares of Veradigm Inc. (NASDAQ:MDRX) have been given a consensus recommendation of “Hold” by the five research firms that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $12.00.

A number of brokerages have issued reports on MDRX. StockNews.com began coverage on Veradigm in a research note on Saturday. They issued a “hold” rating for the company. TD Cowen reduced their price target on shares of Veradigm from $26.00 to $15.00 and set a “buy” rating for the company in a research report on Tuesday, May 28th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MDRX. Innealta Capital LLC purchased a new stake in Veradigm in the 2nd quarter worth about $38,000. TFO Wealth Partners LLC lifted its holdings in Veradigm by 105,280.0% during the fourth quarter. TFO Wealth Partners LLC now owns 5,269 shares of the software maker’s stock valued at $52,000 after purchasing an additional 5,264 shares during the last quarter. Meadow Creek Wealth Advisors LLC bought a new position in Veradigm during the first quarter worth about $83,000. Forest Hill Capital LLC purchased a new position in shares of Veradigm in the fourth quarter worth about $210,000. Finally, Aigen Investment Management LP bought a new stake in shares of Veradigm in the fourth quarter valued at approximately $231,000.

Veradigm Stock Up 3.0 %

MDRX stock opened at $9.80 on Monday. The business has a 50 day moving average of $9.66 and a 200-day moving average of $8.75. Veradigm has a 12-month low of $5.01 and a 12-month high of $14.09.

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.