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

Veradigm Inc. (NASDAQ:MDRX) shares gapped up prior to trading on Tuesday . The stock had previously closed at $9.40, but opened at $10.00. Veradigm shares last traded at $10.00, with a volume of 3,447 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Veradigm in a research report on Thursday, December 19th. They set a “hold” rating for the company. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.75.

Veradigm Stock Performance

The business’s 50-day moving average is $9.99 and its 200 day moving average is $9.73.

Institutional Investors Weigh In On Veradigm

An institutional investor recently bought a new position in Veradigm stock. Innealta Capital LLC acquired a new stake in Veradigm Inc. (NASDAQ:MDRX) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 3,974 shares of the software maker’s stock, valued at approximately $38,000.

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.