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

Veradigm Inc. (NASDAQ:MDRX)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $9.76, but opened at $10.10. Veradigm shares last traded at $9.75, with a volume of 4,649 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Veradigm in a research note on Thursday. They set a “hold” rating on the stock. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $11.75.

Veradigm Trading Up 1.1 %

The stock has a 50-day moving average price of $9.98 and a 200-day moving average price of $9.73.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Veradigm stock. Innealta Capital LLC acquired a new stake in Veradigm Inc. (NASDAQ:MDRX) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 3,974 shares of the software maker’s stock, valued at approximately $38,000.

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.