Docebo (TSE:DCBO) Stock Price Up 10.2% – Here’s Why

Shares of Docebo Inc. (TSE:DCBO) rose 10.2% on Monday . The company traded as high as C$27.32 and last traded at C$27.30. Approximately 225,771 shares traded hands during trading, an increase of 72% from the average daily volume of 131,304 shares. The stock had previously closed at C$24.77.

Analyst Ratings Changes

DCBO has been the topic of a number of research reports. ATB Cormark Capital Markets upped their price target on Docebo from C$35.00 to C$36.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. TD Securities dropped their price target on Docebo from C$37.00 to C$28.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Docebo has a consensus rating of “Buy” and a consensus price target of C$32.00.

Docebo Trading Down 8.9%

The stock has a market capitalization of C$604.37 million, a PE ratio of 20.35 and a beta of 0.18. The firm has a 50 day moving average price of C$24.46 and a 200 day moving average price of C$26.70. 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. The firm 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%. Equities analysts expect that Docebo Inc. will post 1.6842684 EPS for the current fiscal 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.