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

Veradigm Inc. (NASDAQ:MDRX)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $9.60, but opened at $11.38. Veradigm shares last traded at $11.25, with a volume of 55,507 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Veradigm in a research note on Saturday, November 9th. 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $12.00.

Veradigm Stock Up 0.4 %

The company has a fifty day simple moving average of $9.54 and a 200-day simple moving average of $9.29.

Hedge Funds Weigh In On Veradigm

A hedge fund recently bought a new stake in Veradigm stock. Innealta Capital LLC purchased a new stake in shares of Veradigm Inc. (NASDAQ:MDRX) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 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.