Veradigm Inc. (NASDAQ:MDRX) Given Consensus Rating of “Hold” by Brokerages

Veradigm Inc. (NASDAQ:MDRX) has been assigned an average rating of “Hold” from the six ratings firms that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $12.00.

MDRX has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $10.00 target price (down from $15.00) on shares of Veradigm in a report on Tuesday, March 19th. TD Cowen decreased their target price on shares of Veradigm from $26.00 to $15.00 and set a “buy” rating on the stock in a report on Tuesday, May 28th. Finally, StockNews.com initiated coverage on shares of Veradigm in a report on Wednesday, June 26th. They issued a “hold” rating on the stock.

Institutional Investors Weigh In On Veradigm

A number of hedge funds have recently made changes to their positions in the stock. Tyro Capital Management LLC acquired a new stake in shares of Veradigm in the 1st quarter valued at approximately $9,055,000. Horrell Capital Management Inc. acquired a new stake in Veradigm during the 1st quarter worth approximately $385,000. Meadow Creek Wealth Advisors LLC acquired a new stake in Veradigm during the 1st quarter worth approximately $83,000. Vanguard Group Inc. boosted its position in Veradigm by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 14,275,875 shares of the software maker’s stock worth $149,754,000 after buying an additional 95,291 shares during the period. Finally, Wellington Management Group LLP boosted its position in Veradigm by 117.8% during the 4th quarter. Wellington Management Group LLP now owns 5,806,297 shares of the software maker’s stock worth $60,908,000 after buying an additional 3,140,483 shares during the period.

Veradigm Price Performance

MDRX stock opened at $9.66 on Wednesday. Veradigm has a 12 month low of $5.01 and a 12 month high of $14.09. The company’s 50-day moving average price is $8.64 and its two-hundred day moving average price is $8.63.

About Veradigm

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.