Docebo (TSE:DCBO) Shares Up 14.8% – What’s Next?

Shares of Docebo Inc. (TSE:DCBO) were up 14.8% on Wednesday . The company traded as high as C$29.17 and last traded at C$29.17. Approximately 85,977 shares were traded during trading, a decline of 38% from the average daily volume of 138,407 shares. The stock had previously closed at C$25.40.

Wall Street Analysts Forecast Growth

DCBO has been the subject of a number of analyst reports. ATB Cormark Capital Markets cut their price target on shares of Docebo from C$43.00 to C$35.00 and set an “outperform” rating for the company in a research note on Monday, March 2nd. TD Securities dropped their price objective on Docebo from C$37.00 to C$28.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$39.33.

Docebo Stock Up 19.1%

The company has a market capitalization of C$870.40 million, a price-to-earnings ratio of 23.64 and a beta of 0.15. The firm has a 50-day moving average price of C$26.46 and a two-hundred day moving average price of C$32.45. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.15 and a quick ratio of 3.25.

Docebo (TSE:DCBO) last issued its earnings results on Friday, February 27th. The company reported C$0.63 earnings per share for the quarter. The firm had revenue of C$82.95 million for the quarter. Docebo had a return on equity of 73.40% and a net margin of 15.58%. As a group, sell-side analysts anticipate 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.