Docebo (TSE:DCBO) Trading 11% Higher – Time to Buy?

Shares of Docebo Inc. (TSE:DCBO) were up 11% during trading on Friday . The stock traded as high as C$29.27 and last traded at C$28.82. Approximately 135,857 shares traded hands during mid-day trading, an increase of 19% from the average session volume of 114,169 shares. The stock had previously closed at C$25.96.

Analysts Set New Price Targets

Separately, ATB Cormark Capital Markets raised their price target on shares of Docebo from C$35.00 to C$36.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$32.00.

Docebo Stock Up 9.5%

The company has a market cap of C$721.64 million, a price-to-earnings ratio of 24.30 and a beta of -0.04. The business has a 50-day simple moving average of C$24.95 and a two-hundred day simple moving average of C$25.55. The company has a quick ratio of 3.25, a current ratio of 0.79 and a debt-to-equity ratio of -13,603.61.

Docebo (TSE:DCBO) last issued its quarterly earnings data on Friday, May 8th. The company reported C$0.47 EPS for the quarter. Docebo had a return on equity of 90.80% and a net margin of 13.90%.The business had revenue of C$91.23 million for the quarter. As a group, equities analysts forecast that Docebo Inc. will post 1.6842684 earnings per share for the current fiscal year.

About Docebo

Docebo Inc offers cloud-based learning platform for both internal and external enterprise learning with real time tracking of training results, optimizing time, and reducing costs associated with traditional learning methods. Geographically, it holds presence in five offices around the world, including locations in Europe, Asia and North America. The firm derives its revenues from two main sources: software as-a-service application (SaaS); and professional services revenue, which includes services such as initial project management, training, and integration.