Docebo (TSE:DCBO) Stock Price Down 1.4% – Should You Sell?

Docebo Inc. (TSE:DCBO) dropped 1.4% during mid-day trading on Thursday . The company traded as low as C$23.24 and last traded at C$23.81. Approximately 57,510 shares were traded during trading, a decline of 58% from the average daily volume of 136,845 shares. The stock had previously closed at C$24.14.

Analysts Set New Price Targets

A number of research analysts have weighed in on DCBO shares. TD Securities cut their price objective on shares of 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 dropped their target price on Docebo from C$43.00 to C$35.00 and set an “outperform” rating on the stock in a research report on Monday, March 2nd. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$39.33.

Docebo Trading Down 1.4%

The firm has a market capitalization of C$614.77 million, a price-to-earnings ratio of 18.60 and a beta of 0.15. The company has a debt-to-equity ratio of 6.07, a quick ratio of 3.25 and a current ratio of 1.15. The company has a 50 day moving average price of C$25.42 and a two-hundred day moving average price of C$30.62.

Docebo (TSE:DCBO) last released its quarterly earnings results on Friday, February 27th. The company reported C$0.63 earnings per share (EPS) for the quarter. The firm had revenue of C$82.95 million for the quarter. Docebo had a net margin of 15.58% and a return on equity of 73.40%. On average, research analysts forecast that Docebo Inc. will post 1.6842684 EPS for the current 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.