Docebo (TSE:DCBO) Trading Down 2.3% – Here’s Why

Docebo Inc. (TSE:DCBO)’s share price dropped 2.3% during mid-day trading on Monday . The company traded as low as C$23.38 and last traded at C$23.88. Approximately 83,726 shares changed hands during mid-day trading, a decline of 33% from the average daily volume of 124,689 shares. The stock had previously closed at C$24.45.

Analyst Ratings Changes

Several brokerages recently commented on DCBO. ATB Cormark Capital Markets upped their price target on shares of Docebo from C$35.00 to C$36.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. TD Securities lowered their price objective on shares of Docebo from C$37.00 to C$28.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Docebo presently has an average rating of “Buy” and an average target price of C$32.00.

Docebo Stock Up 1.1%

The stock has a fifty day moving average price of C$24.65 and a 200-day moving average price of C$26.11. The firm has a market cap of C$619.09 million, a PE ratio of 20.85 and a beta of 0.04. The company has a debt-to-equity ratio of -13,603.61, a quick ratio of 3.25 and a current ratio of 0.79.

Docebo (TSE:DCBO) last posted its quarterly earnings results on Friday, May 8th. The company reported C$0.47 EPS for the quarter. The firm had revenue of C$91.23 million for the quarter. Docebo had a net margin of 13.90% and a return on equity of 90.80%. Research analysts expect that Docebo Inc. will post 1.6842684 EPS for the current year.

Docebo Company Profile

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.