Docebo (TSE:DCBO) Price Target Raised to C$44.00

Docebo (TSE:DCBO) had its target price upped by ATB Cormark Capital Markets from C$35.00 to C$44.00 in a research note issued to investors on Monday,BayStreet.CA reports. ATB Cormark Capital Markets currently has an outperform rating on the stock.

Docebo Stock Down 3.6%

DCBO stock opened at C$30.97 on Monday. The firm’s 50-day moving average is C$26.66 and its two-hundred day moving average is C$25.56. The company has a market capitalization of C$786.11 million, a price-to-earnings ratio of 26.93 and a beta of -0.02. Docebo has a 52 week low of C$19.87 and a 52 week high of C$44.56. The company has a current ratio of 0.76, a quick ratio of 3.25 and a debt-to-equity ratio of -30,643.19.

Docebo (TSE:DCBO) last posted its quarterly earnings data on Friday, August 7th. The company reported C$0.50 earnings per share (EPS) for the quarter. Docebo had a net margin of 13.23% and a return on equity of 114.70%. The business had revenue of C$97.54 million during the quarter. On average, analysts forecast that Docebo 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.