Veradigm (NASDAQ:MDRX) Shares Gap Up – Should You Buy?

Veradigm Inc. (NASDAQ:MDRX) shares gapped up before the market opened on Monday . The stock had previously closed at $9.31, but opened at $9.59. Veradigm shares last traded at $9.59, with a volume of 5,877 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Veradigm in a report on Wednesday. They issued a “hold” rating on the stock. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $12.00.

Veradigm Price Performance

The business’s 50 day moving average is $9.59 and its two-hundred day moving average is $9.06.

Institutional Trading of Veradigm

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in Veradigm by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 14,275,875 shares of the software maker’s stock valued at $149,754,000 after purchasing an additional 95,291 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Veradigm by 117.8% during the 4th quarter. Wellington Management Group LLP now owns 5,806,297 shares of the software maker’s stock valued at $60,908,000 after buying an additional 3,140,483 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Veradigm by 6.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,596,684 shares of the software maker’s stock worth $16,749,000 after buying an additional 99,528 shares during the last quarter. Tyro Capital Management LLC purchased a new position in shares of Veradigm during the first quarter worth approximately $9,055,000. Finally, Meadow Creek Wealth Advisors LLC bought a new stake in shares of Veradigm in the 1st quarter worth approximately $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.