Docebo (TSE:DCBO) Shares Up 8.3% – What’s Next?

Docebo Inc. (TSE:DCBO – Get Free Report) shot up 8.3% during mid-day trading on Friday . The stock traded as high as C$31.27 and last traded at C$31.09. 152,445 shares traded hands during mid-day trading, an increase of 37% from the average session volume of 111,132 shares. The stock had previously closed at C$28.71.

Wall Street Analyst Weigh In

Separately, ATB Cormark Capital Markets increased their price target on shares of Docebo from C$35.00 to C$36.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$32.00.

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Docebo Stock Up 8.3%

The company has a quick ratio of 3.25, a current ratio of 0.79 and a debt-to-equity ratio of -13,603.61. The company’s fifty day moving average is C$26.28 and its 200-day moving average is C$25.43. The company has a market cap of C$789.16 million, a PE ratio of 26.57 and a beta of -0.02.

Docebo (TSE:DCBO – Get Free Report) last issued its quarterly earnings data on Friday, August 7th. The company reported C$0.50 EPS for the quarter. The company had revenue of C$97.54 million during the quarter. Docebo had a return on equity of 90.80% and a net margin of 13.90%. On average, analysts predict that Docebo Inc. will post 1.6842684 EPS for the current year.

Docebo Company Profile

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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.

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