Docebo (TSE:DCBO) Trading Down 12.4% – Here’s What Happened

Docebo Inc. (TSE:DCBO)’s share price was down 12.4% during mid-day trading on Thursday . The stock traded as low as C$26.86 and last traded at C$26.86. Approximately 171,362 shares traded hands during trading, an increase of 19% from the average daily volume of 143,662 shares. The stock had previously closed at C$30.65.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. ATB Cormark Capital Markets decreased their price objective on shares of Docebo from C$43.00 to C$35.00 and set an “outperform” rating on the stock in a report on Monday, March 2nd. TD Securities cut their target price on shares of 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 equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Docebo has an average rating of “Buy” and a consensus price target of C$39.33.

Docebo Stock Down 2.6%

The company has a market cap of C$750.45 million, a price-to-earnings ratio of 20.38 and a beta of 0.15. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.15 and a quick ratio of 3.25. The firm has a 50-day moving average price of C$26.30 and a 200 day moving average price of C$32.29.

Docebo (TSE:DCBO) last released its quarterly earnings results on Friday, February 27th. The company reported C$0.63 earnings per share for the quarter. Docebo had a return on equity of 73.40% and a net margin of 15.58%.The business had revenue of C$82.95 million during the quarter. Sell-side 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.