Docebo (TSE:DCBO) Trading Down 0.5% - Should You Sell?

Key Points

• Docebo Inc. stock (TSE:DCBO) decreased by 0.5%, trading at C$42.79 after a low of C$42.69 during mid-day trading on Friday.
• Analyst opinions vary: Cormark lowered its price target from C$60.00 to C$55.00, while ATB Capital raised theirs from C$45.00 to C$50.00, with an overall consensus rating of "Hold" and a target price of C$62.33.
• Docebo operates as a learning management software company, providing an AI-powered platform for training workforces and offers a variety of tools including personalized learning and content creation capabilities.

Docebo Inc. (TSE:DCBO - Get Free Report)'s share price traded down 0.5% during trading on Friday . The company traded as low as C$42.69 and last traded at C$42.79. 32,570 shares traded hands during mid-day trading, a decline of 49% from the average session volume of 64,434 shares. The stock had previously closed at C$43.01.

Wall Street Analysts Forecast Growth

DCBO has been the topic of several recent research reports. Cormark decreased their price target on Docebo from C$60.00 to C$55.00 in a report on Monday, May 12th. ATB Capital boosted their price objective on shares of Docebo from C$45.00 to C$50.00 in a research report on Monday, August 11th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Docebo currently has an average rating of "Hold" and a consensus target price of C$62.33.

Docebo Price Performance

The firm has a market capitalization of C$1.24 billion, a P/E ratio of 62.48 and a beta of 0.84. The stock's 50 day simple moving average is C$41.66 and its 200 day simple moving average is C$41.72. The company has a debt-to-equity ratio of 4.50, a quick ratio of 3.25 and a current ratio of 1.13.

About Docebo

Docebo Inc operates as a learning management software company that provides artificial intelligence (AI)-powered learning platform in North America and internationally. It offers Learning Management System (LMS) to train internal and external workforces, partners, and customers. The company's cloud platform consists of a learning suite, which includes Docebo Learn LMS, a cloud-based learning platform that allows learning administrators to deliver personalized learning; Docebo Shape, an AI-based learning content creation tool, which enables learning administrators to turn internal and external resources into engaging, multilingual, and microlearning content to share across the business; Docebo Content that allows off-the-shelf learning content by partnering content specialist; Docebo Learning Impact, a learning measurement tool that enables administrators to prove and improve training programs; Docebo Learn Data, which gives a comprehensive view on learning data to business results; Docebo Connect that connects Docebo to custom tech stack and making integrations; and Docebo Flow that allows businesses to directly inject learning into the flow of work.