Docebo (TSE:DCBO) Stock Price Down 3.5% - Time to Sell?

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.

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

Analyst Ratings Changes

Several research firms recently commented on DCBO. Cormark cut their price target on Docebo from C$60.00 to C$55.00 in a research note on Monday, May 12th. ATB Capital downgraded Docebo from an "outperform" rating to a "sector perform" rating and dropped their price objective for the stock from C$75.00 to C$45.00 in a report on Monday, May 12th.

Docebo Stock Down 3.5%

The stock has a 50 day moving average price of C$39.33 and a 200 day moving average price of C$44.20. The company has a market cap of C$854.74 million, a P/E ratio of 47.55 and a beta of 1.36. The company has a debt-to-equity ratio of 4.50, a quick ratio of 3.25 and a current ratio of 1.13.

Docebo Company Profile

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.

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