Veradigm (NASDAQ:MDRX) Trading Down 6.3%

Veradigm Inc. (NASDAQ:MDRX) was down 6.3% during trading on Thursday . The stock traded as low as $9.00 and last traded at $9.00. Approximately 619 shares changed hands during mid-day trading, a decline of 100% from the average daily volume of 2,749,129 shares. The stock had previously closed at $9.60.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. StockNews.com started coverage on shares of Veradigm in a research report on Tuesday. They issued a “hold” rating for the company. TD Cowen lowered their price objective on shares of Veradigm from $26.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, May 28th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $10.00 target price (down previously from $15.00) on shares of Veradigm in a report on Tuesday, March 19th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Veradigm has an average rating of “Hold” and a consensus target price of $12.00.

Veradigm Trading Up 2.6 %

The firm has a fifty day moving average price of $8.31 and a two-hundred day moving average price of $8.73.

Institutional Investors Weigh In On Veradigm

Several institutional investors and hedge funds have recently made changes to their positions in the company. TFO Wealth Partners LLC raised 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 purchasing an additional 5,264 shares during the last quarter. Gladius Capital Management LP lifted its stake in Veradigm by 135.0% during the 4th quarter. Gladius Capital Management LP now owns 6,245 shares of the software maker’s stock valued at $66,000 after acquiring an additional 3,587 shares during the period. Meadow Creek Wealth Advisors LLC purchased a new stake in shares of Veradigm during the 1st quarter valued at about $83,000. Headlands Technologies LLC grew its stake in shares of Veradigm by 14,907.7% in the fourth quarter. Headlands Technologies LLC now owns 9,755 shares of the software maker’s stock worth $102,000 after acquiring an additional 9,690 shares during the period. Finally, Covestor Ltd raised its holdings in shares of Veradigm by 10.3% during the third quarter. Covestor Ltd now owns 10,336 shares of the software maker’s stock valued at $136,000 after purchasing an additional 966 shares during 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.