Canaccord Genuity Maintains a Buy Rating on CloudMD Software & Services (DOCRF)

By Carrie Williams

Canaccord Genuity analyst Doug Taylor maintained a Buy rating on CloudMD Software & Services (DOCRFResearch Report) yesterday and set a price target of C$3.50. The company’s shares closed last Monday at $1.64.

Taylor has an average return of 26.5% when recommending CloudMD Software & Services.

According to TipRanks.com, Taylor is ranked #210 out of 7572 analysts.

CloudMD Software & Services has an analyst consensus of Moderate Buy, with a price target consensus of $3.04.

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Based on CloudMD Software & Services’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $8.78 million and GAAP net loss of $5.3 million. In comparison, last year the company earned revenue of $3.06 million and had a GAAP net loss of $1.62 million.

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Premier Health Group Inc. is a Canadian company. It is focused on health care approaches that combine human skill-based expertise with emerging technologies. The firm along with its subsidiary offers SAAS based health technology solutions including a cloud-based Electronic Medical Records (EMR) software, medical billing software and an online patient portal, Premier Health Group is also developing proprietary technology to deliver quality healthcare through the combination of connected primary care clinics, telemedicine, and artificial intelligence (AI).