CloudMD Software & Services (DOCRF) Receives a Buy from Canaccord Genuity

In a report released yesterday, Doug Taylor from Canaccord Genuity maintained a Buy rating on CloudMD Software & Services (DOCRF), with a price target of C$3.50. The company’s shares closed last Wednesday at $1.48.

Taylor has an average return of 25.6% when recommending CloudMD Software & Services.

According to, Taylor is ranked #201 out of 7550 analysts.

Currently, the analyst consensus on CloudMD Software & Services is a Moderate Buy with an average price target of $3.05.

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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).

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