Docebo (TSE:DCBO) Shares Down 4.4%
Docebo Inc. (TSE:DCBO) shares were down 4.4% during mid-day trading on Tuesday . The stock traded as low as C$61.24 and last traded at C$63.13. Approximately 104,081 shares traded hands during trading, a decline of 7% from the average daily volume of 112,425 shares. The stock had previously closed at C$66.01.
Several analysts have issued reports on the company. TD Securities dropped their price objective on Docebo from C$100.00 to C$75.00 and set a “na” rating on the stock in a research note on Friday, March 12th. CIBC dropped their price objective on Docebo from C$98.00 to C$83.00 and set a “na” rating on the stock in a research note on Friday, March 12th. ATB Capital set a C$85.00 price objective on Docebo and gave the company an “outperform” rating in a research note on Friday, February 5th. Finally, Scotiabank upped their price objective on Docebo from C$58.00 to C$78.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 6th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of C$75.20.
The company has a market cap of C$2.06 billion and a P/E ratio of -194.25. The company has a quick ratio of 5.15, a current ratio of 5.24 and a debt-to-equity ratio of 1.90. The stock has a 50 day moving average price of C$56.84 and a two-hundred day moving average price of C$62.13.
Docebo Inc provides a cloud-based learning management system to train internal and external workforces, partners, and customers in North America, Europe, and the Asia-Pacific region. Its platform helps customers to centralize learning materials from peer enterprises and learners into one learning management system to expedite and enrich the learning process, increase productivity, and grow teams uniformly.
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