Docebo (TSE:DCBO) Shares Up 10.2% – Should You Buy?

Docebo Inc. (TSE:DCBO)’s share price traded up 10.2% during mid-day trading on Monday . The stock traded as high as C$27.32 and last traded at C$27.30. 225,771 shares were traded during mid-day trading, an increase of 72% from the average session volume of 131,304 shares. The stock had previously closed at C$24.77.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. TD Securities cut their target price on shares of Docebo from C$37.00 to C$28.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. ATB Cormark Capital Markets raised their target price on shares of Docebo from C$35.00 to C$36.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$32.00.

Docebo Price Performance

The company has a debt-to-equity ratio of -13,603.61, a current ratio of 0.79 and a quick ratio of 3.25. The company has a market cap of C$692.96 million, a PE ratio of 23.33 and a beta of 0.18. The business has a 50 day moving average of C$24.46 and a 200 day moving average of C$26.70.

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