Docebo (TSE:DCBO) Shares Down 10.3% – Here’s Why

Docebo Inc. (TSE:DCBO)’s share price fell 10.3% during mid-day trading on Monday . The stock traded as low as C$26.07 and last traded at C$26.08. 84,818 shares traded hands during trading, a decline of 32% from the average session volume of 125,056 shares. The stock had previously closed at C$29.06.

Analyst Ratings Changes

Several analysts have recently weighed in on DCBO shares. ATB Cormark Capital Markets raised their target price on Docebo from C$35.00 to C$36.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. TD Securities lowered their target price on 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, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$39.67.

Docebo Stock Down 10.0%

The firm has a 50 day moving average price of C$24.93 and a two-hundred day moving average price of C$28.10. The company has a quick ratio of 3.25, a current ratio of 0.79 and a debt-to-equity ratio of -764.61. The company has a market capitalization of C$674.93 million, a price-to-earnings ratio of 20.42 and a beta of 0.18.

Docebo (TSE:DCBO) last announced its earnings results on Friday, May 8th. The company reported C$0.47 earnings per share for the quarter. The company had revenue of C$91.23 million during the quarter. Docebo had a return on equity of 90.80% and a net margin of 13.90%. As a group, sell-side analysts expect that Docebo Inc. will post 1.6842684 earnings per share 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.