Docebo (TSE:DCBO) Stock Price Up 8.3% – Still a Buy?

Shares of Docebo Inc. (TSE:DCBO) rose 8.3% during trading on Friday . The company traded as high as C$31.27 and last traded at C$31.09. 152,445 shares changed hands during trading, an increase of 37% from the average daily volume of 111,132 shares. The stock had previously closed at C$28.71.

Analyst Upgrades and Downgrades

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

Docebo Trading Up 8.3%

The company has a debt-to-equity ratio of -13,603.61, a current ratio of 0.79 and a quick ratio of 3.25. The firm has a market capitalization of C$789.16 million, a PE ratio of 26.57 and a beta of -0.02. The business’s 50-day moving average price is C$26.28 and its 200-day moving average price is C$25.43.

Docebo (TSE:DCBO) last released its quarterly earnings results on Friday, August 7th. The company reported C$0.50 EPS for the quarter. The firm had revenue of C$97.54 million during the quarter. Docebo had a net margin of 13.90% and a return on equity of 90.80%. As a group, analysts expect that Docebo Inc. will post 1.6842684 earnings per share 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.