Docebo (TSE:DCBO) Shares Down 3.5% - Here's What Happened

Key Points

• Docebo Inc. (TSE:DCBO) saw a decline of 3.5% in stock price during mid-day trading, closing at C$40.00 after previously finishing at C$41.45.
• Analysts have issued downgrades, with Cormark reducing the price target from C$60.00 to C$55.00, and ATB Capital lowering its rating from "outperform" to "sector perform" with a new target of C$45.00.
• Docebo operates an AI-powered learning management platform, offering various tools for training, content creation, and learning analytics to support workforce development.

Shares of Docebo Inc. (TSE:DCBO - Get Free Report) traded down 3.5% on Thursday . The stock traded as low as C$39.78 and last traded at C$40.00. 67,775 shares traded hands during mid-day trading, an increase of 5% from the average session volume of 64,350 shares. The stock had previously closed at C$41.45.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Cormark decreased their price target on Docebo from C$60.00 to C$55.00 in a research note on Monday, May 12th. ATB Capital boosted their price target on Docebo from C$45.00 to C$50.00 in a research note on Monday.

Docebo Stock Performance

The company has a debt-to-equity ratio of 4.50, a current ratio of 1.13 and a quick ratio of 3.25. The firm has a fifty day moving average price of C$39.55 and a two-hundred day moving average price of C$43.70. The stock has a market capitalization of C$928.68 million, a PE ratio of 51.66 and a beta of 1.36.

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.