Docebo (TSE:DCBO) Releases Earnings Results

Docebo (TSE:DCBO) released its earnings results on Friday. The company reported C$0.50 earnings per share (EPS) for the quarter, FiscalAI reports. Docebo had a return on equity of 90.80% and a net margin of 13.90%.The business had revenue of C$97.54 million for the quarter.

Docebo Stock Performance

TSE:DCBO traded up C$2.38 during mid-day trading on Friday, hitting C$31.09. The stock had a trading volume of 152,445 shares, compared to its average volume of 111,132. Docebo has a twelve month low of C$19.87 and a twelve month high of C$45.62. 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. The stock has a market cap of C$789.16 million, a price-to-earnings ratio of 26.57 and a beta of -0.02. The company’s 50 day simple moving average is C$26.16 and its 200 day simple moving average is C$25.39.

Wall Street Analysts Forecast Growth

Separately, ATB Cormark Capital Markets boosted their price target on Docebo from C$35.00 to C$36.00 and gave the stock an “outperform” rating in a research report 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 an average target price of C$32.00.

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.