Docebo (TSE:DCBO) Shares Down 10.3% – Here’s Why

Docebo Inc. (TSE:DCBO) traded down 10.3% on Monday . The company traded as low as C$26.07 and last traded at C$26.08. 84,818 shares changed hands during mid-day trading, a decline of 32% from the average session volume of 125,056 shares. The stock had previously closed at C$29.06.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. TD Securities lowered their price target on Docebo from C$37.00 to C$28.00 and set a “buy” rating for the company in a report on Monday, March 2nd. ATB Cormark Capital Markets boosted their price target on Docebo from C$35.00 to C$36.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Docebo has a consensus rating of “Buy” and a consensus target price of C$39.67.

Docebo Trading Down 10.0%

The company has a current ratio of 0.79, a quick ratio of 3.25 and a debt-to-equity ratio of -764.61. The business’s 50-day moving average is C$24.93 and its two-hundred day moving average is C$28.10. The firm has a market cap of C$674.93 million, a P/E ratio of 20.42 and a beta of 0.18.

Docebo (TSE:DCBO) last announced its quarterly earnings data on Friday, May 8th. The company reported C$0.47 earnings per share for the quarter. Docebo had a net margin of 13.90% and a return on equity of 90.80%. The business had revenue of C$91.23 million during the quarter. As a group, analysts expect 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.