Docebo (TSE:DCBO) Trading Up 11% – What’s Next?

Docebo Inc. (TSE:DCBO) rose 11% during mid-day trading on Friday . The stock traded as high as C$29.27 and last traded at C$28.82. Approximately 135,857 shares were traded during trading, an increase of 19% from the average daily volume of 114,169 shares. The stock had previously closed at C$25.96.

Wall Street Analysts Forecast Growth

Separately, ATB Cormark Capital Markets raised 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 analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$32.00.

Docebo Stock Up 9.5%

The firm has a 50-day moving average of C$24.95 and a two-hundred day moving average of C$25.55. The firm has a market cap of C$721.64 million, a price-to-earnings ratio of 24.30 and a beta of -0.04. 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.

Docebo (TSE:DCBO) last released its earnings results on Friday, May 8th. The company reported C$0.47 earnings per share (EPS) for the quarter. The firm had revenue of C$91.23 million for the quarter. Docebo had a return on equity of 90.80% and a net margin of 13.90%. As a group, sell-side analysts predict that Docebo Inc. will post 1.6842684 earnings per share for the current fiscal 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.