Equities research analysts at StockNews.com assumed coverage on shares of Veradigm (NASDAQ:MDRX – Get Free Report) in a note issued to investors on Thursday. The brokerage set a “hold” rating on the software maker’s stock.
Other analysts have also recently issued research reports about the stock. Stephens reissued an “equal weight” rating and issued a $13.00 price target on shares of Veradigm in a research note on Tuesday, November 14th. Barclays assumed coverage on Veradigm in a research report on Wednesday, January 3rd. They issued an “equal weight” rating and a $11.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $15.50.
Veradigm Stock Performance
Veradigm stock opened at $8.91 on Thursday. Veradigm has a 12 month low of $8.86 and a 12 month high of $19.10. The business has a 50 day simple moving average of $11.04 and a 200-day simple moving average of $12.43.
Hedge Funds Weigh In On Veradigm
Several large investors have recently made changes to their positions in the stock. Pinebridge Investments L.P. purchased a new stake in Veradigm during the second quarter worth about $26,000. Quadrant Capital Group LLC increased its stake in Veradigm by 200.5% during the second quarter. Quadrant Capital Group LLC now owns 2,263 shares of the software maker’s stock worth $29,000 after purchasing an additional 1,510 shares during the period. Quarry LP purchased a new stake in Veradigm during the first quarter worth about $37,000. Simplex Trading LLC purchased a new stake in Veradigm during the second quarter worth about $38,000. Finally, Tower Research Capital LLC TRC grew its stake in Veradigm by 95.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,310 shares of the software maker’s stock worth $67,000 after purchasing an additional 2,587 shares in the last quarter.
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.