Docebo (TSE:DCBO) Stock Price Up 1.1% – Should You Buy?

Docebo Inc. (TSE:DCBO) shares rose 1.1% during mid-day trading on Tuesday. The stock traded as high as C$34.51 and last traded at C$34.28. 56,039 shares changed hands during trading, a decline of 43% from the average daily volume of 98,711 shares. The stock had previously closed at C$33.91.

Analyst Upgrades and Downgrades

Separately, ATB Cormark Capital Markets raised their price target on Docebo from C$35.00 to C$44.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Docebo has an average rating of “Buy” and a consensus price target of C$36.00.

Docebo Price Performance

The stock has a market cap of C$864.20 million, a PE ratio of 30.12 and a beta of 0.25. The business has a fifty day simple moving average of C$32.73 and a two-hundred day simple moving average of C$27.76. The company has a current ratio of 0.76, a quick ratio of 3.25 and a debt-to-equity ratio of -30,643.19.

Docebo (TSE:DCBO) last released its earnings results on Friday, August 7th. The company reported C$0.50 EPS for the quarter. Docebo had a return on equity of 114.70% and a net margin of 13.23%.The company had revenue of C$97.54 million during the quarter. Research analysts forecast that Docebo Inc. will post 1.6842684 earnings per share for the current year.

Insider Buying and Selling

In other Docebo news, insider Mark Kosoglow sold 1,287 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of C$32.89, for a total transaction of C$42,329.43. Following the completion of the transaction, the insider owned 1,478 shares of the company’s stock, valued at approximately C$48,611.42. This trade represents a 46.55% decrease in their ownership of the stock. Insiders sold a total of 2,288 shares of company stock worth $76,251 over the last ninety days. Company insiders own 43.24% of the company’s stock.

Docebo Company Profile

Docebo (NASDAQ: DCBO; TSX: DCBO) is the enterprise platform for the AI-era workforce, unifying skills intelligence, learning, and knowledge in one closed loop. Docebo gives organizations the tools to close skills gaps, develop talent, and perform at their best in an AI-driven world.