Docebo (TSE:DCBO) Stock Price Down 10.3% – Should You Sell?

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

Analyst Upgrades and Downgrades

DCBO has been the topic of a number of analyst reports. ATB Cormark Capital Markets lifted 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. TD Securities cut their price target on Docebo from C$37.00 to C$28.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Docebo currently has a consensus rating of “Buy” and a consensus target price of C$32.00.

Docebo Price Performance

The company has a current ratio of 0.79, a quick ratio of 3.25 and a debt-to-equity ratio of -13,603.61. The stock has a market cap of C$589.56 million, a price-to-earnings ratio of 17.92 and a beta of 0.18. The stock has a 50-day moving average price of C$25.09 and a two-hundred day moving average price of C$27.85.

Docebo (TSE:DCBO) last posted its quarterly earnings data on Friday, May 8th. The company reported C$0.47 earnings per share for the quarter. Docebo had a return on equity of 90.80% and a net margin of 13.90%.The firm had revenue of C$91.23 million during the quarter. As a group, equities research analysts forecast that Docebo Inc. will post 1.6842684 EPS for the current 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.