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

StockNews.com started coverage on shares of Veradigm (NASDAQ:MDRX) in a research note issued to investors on Sunday. The firm set a “hold” rating on the software maker’s stock.

Separately, TD Cowen lowered their price target 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. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $12.00.

Veradigm Price Performance

Shares of MDRX stock opened at $9.90 on Friday. Veradigm has a 1-year low of $5.01 and a 1-year high of $14.09. The stock has a 50-day moving average of $9.66 and a 200-day moving average of $8.88.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Campbell & CO Investment Adviser LLC lifted its stake in shares of Veradigm by 5.7% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 42,113 shares of the software maker’s stock valued at $442,000 after buying an additional 2,263 shares in the last quarter. Innealta Capital LLC bought a new stake in Veradigm during the 2nd quarter worth approximately $38,000. Assetmark Inc. lifted its holdings in shares of Veradigm by 7.3% in the fourth quarter. Assetmark Inc. now owns 66,537 shares of the software maker’s stock valued at $698,000 after purchasing an additional 4,529 shares in the last quarter. TFO Wealth Partners LLC grew 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 worth $52,000 after buying an additional 5,264 shares in the last quarter. Finally, Meadow Creek Wealth Advisors LLC purchased a new stake in Veradigm in the 1st quarter valued at $83,000.

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.