Docebo (TSE:DCBO) Trading 14.8% Higher – Here’s What Happened

Docebo Inc. (TSE:DCBO)’s stock price traded up 14.8% during trading on Wednesday . The company traded as high as C$29.17 and last traded at C$29.17. 85,977 shares changed hands during trading, a decline of 38% from the average session volume of 138,407 shares. The stock had previously closed at C$25.40.

Analyst Upgrades and Downgrades

DCBO has been the topic of several recent analyst reports. ATB Cormark Capital Markets decreased their target price on Docebo from C$43.00 to C$35.00 and set an “outperform” rating on the stock in a research note on Monday, March 2nd. TD Securities dropped 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, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$39.33.

Docebo Trading Up 19.1%

The firm has a market capitalization of C$870.40 million, a PE ratio of 23.64 and a beta of 0.15. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.15 and a quick ratio of 3.25. The stock’s 50-day moving average price is C$26.46 and its 200 day moving average price is C$32.45.

Docebo (TSE:DCBO) last announced its earnings results on Friday, February 27th. The company reported C$0.63 earnings per share (EPS) for the quarter. Docebo had a return on equity of 73.40% and a net margin of 15.58%.The firm had revenue of C$82.95 million for the quarter. On average, sell-side 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.