Docebo (TSE:DCBO) Trading 2.5% Higher - Here's Why

Docebo Inc. (TSE:DCBO - Get Free Report)'s share price rose 2.5% during trading on Tuesday . The stock traded as high as C$37.70 and last traded at C$37.67. Approximately 62,748 shares changed hands during mid-day trading, a decline of 7% from the average daily volume of 67,829 shares. The stock had previously closed at C$36.74.

Analyst Upgrades and Downgrades

DCBO has been the subject of a number of research reports. Cormark dropped their target price on Docebo from C$60.00 to C$55.00 in a report on Monday, May 12th. ATB Capital cut Docebo from an "outperform" rating to a "sector perform" rating and lowered their price target for the stock from C$75.00 to C$45.00 in a report on Monday, May 12th.

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 company's 50-day moving average price is C$38.89 and its two-hundred day moving average price is C$49.55. The company has a market capitalization of C$804.95 million, a price-to-earnings ratio of 44.78 and a beta of 1.36.

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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