Docebo (TSE:DCBO) Stock Price Down 1.8% – Here’s Why

Docebo Inc. (TSE:DCBO) traded down 1.8% during mid-day trading on Monday . The company traded as low as C$36.76 and last traded at C$36.83. 65,797 shares were traded during trading, a decline of 6% from the average session volume of 69,986 shares. The stock had previously closed at C$37.50.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. ATB Capital downgraded shares of Docebo from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from C$75.00 to C$45.00 in a research note on Monday, May 12th. Cormark lowered their target price on shares of Docebo from C$60.00 to C$55.00 in a research note on Monday, May 12th.

Docebo Stock Down 1.8%

The company has a market capitalization of C$787.00 million, a price-to-earnings ratio of 43.78 and a beta of 1.36. The business’s 50-day moving average is C$40.28 and its 200-day moving average is C$52.97. The company has a quick ratio of 3.25, a current ratio of 1.13 and a debt-to-equity ratio of 4.50.

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.