Docebo (TSE:DCBO) Stock Price Up 8.3% – Should You Buy?

Shares of Docebo Inc. (TSE:DCBO) traded up 8.3% during trading on Friday . The company traded as high as C$31.27 and last traded at C$31.09. 152,445 shares were traded during trading, an increase of 37% from the average daily volume of 111,132 shares. The stock had previously closed at C$28.71.

Wall Street Analyst Weigh In

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

Docebo Price Performance

The company has a current ratio of 0.79, a quick ratio of 3.25 and a debt-to-equity ratio of -13,603.61. The stock has a 50 day simple moving average of C$26.28 and a 200-day simple moving average of C$25.43. The firm has a market cap of C$789.16 million, a PE ratio of 26.57 and a beta of -0.02.

Docebo (TSE:DCBO) last released its earnings results on Friday, August 7th. The company reported C$0.50 earnings per share (EPS) for the quarter. Docebo had a return on equity of 90.80% and a net margin of 13.90%.The firm had revenue of C$97.54 million during the quarter. Equities analysts anticipate 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.