Docebo (TSE:DCBO) Stock Price Down 1.4% – Should You Sell?

Docebo Inc. (TSE:DCBO)’s stock price dropped 1.4% during trading on Thursday . The stock traded as low as C$23.24 and last traded at C$23.81. Approximately 57,510 shares changed hands during trading, a decline of 58% from the average daily volume of 136,845 shares. The stock had previously closed at C$24.14.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. TD Securities decreased their target price on Docebo from C$37.00 to C$28.00 and set a “buy” rating on the stock in a research report on Monday, March 2nd. ATB Cormark Capital Markets reduced their price objective on Docebo from C$43.00 to C$35.00 and set an “outperform” rating for the company in a research note on Monday, March 2nd. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Docebo currently has an average rating of “Buy” and a consensus price target of C$39.33.

Docebo Stock Performance

The company has a market cap of C$614.77 million, a PE ratio of 18.60 and a beta of 0.15. The company has a debt-to-equity ratio of 6.07, a quick ratio of 3.25 and a current ratio of 1.15. The firm’s 50 day moving average is C$25.42 and its 200-day moving average is C$30.62.

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