Docebo (TSE:DCBO) Posts Earnings Results

Docebo (TSE:DCBO) released its quarterly earnings results on Friday. The company reported C$0.47 earnings per share for the quarter, FiscalAI reports. The business had revenue of C$91.23 million during the quarter. Docebo had a net margin of 15.58% and a return on equity of 73.40%.

Docebo Stock Performance

Shares of DCBO stock traded up C$0.48 on Friday, hitting C$29.06. 143,161 shares of the stock traded hands, compared to its average volume of 125,933. The company’s fifty day moving average is C$24.93 and its 200 day moving average is C$28.10. Docebo has a 1-year low of C$19.87 and a 1-year high of C$45.62. The company has a market capitalization of C$750.33 million, a PE ratio of 22.70 and a beta of 0.18. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.15 and a quick ratio of 3.25.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on DCBO shares. TD Securities decreased 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 upped their target price on shares of Docebo from C$35.00 to C$36.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$39.67.

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.