Docebo (TSE:DCBO) Trading 11% Higher – Should You Buy?

Docebo Inc. (TSE:DCBO) was up 11% during mid-day trading on Friday . The stock traded as high as C$29.27 and last traded at C$28.82. Approximately 135,857 shares were traded during trading, an increase of 19% from the average daily volume of 114,169 shares. The stock had previously closed at C$25.96.

Analyst Upgrades and Downgrades

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

Docebo Stock Performance

The company has a market capitalization of C$724.94 million, a P/E ratio of 24.41 and a beta of -0.04. The firm has a 50 day moving average price of C$24.94 and a two-hundred day moving average price of C$25.57. The company has a debt-to-equity ratio of -13,603.61, a quick ratio of 3.25 and a current ratio of 0.79.

Docebo (TSE:DCBO) last posted its earnings results on Friday, May 8th. The company reported C$0.47 EPS for the quarter. Docebo had a return on equity of 90.80% and a net margin of 13.90%.The business had revenue of C$91.23 million during the quarter. On average, research analysts expect that Docebo Inc. will post 1.6842684 earnings per share for the current fiscal year.

About Docebo

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.