Docebo Inc. (NASDAQ:DCBO) Receives Average Recommendation of “Moderate Buy” from Analysts

Docebo Inc. (NASDAQ:DCBO) has earned a consensus recommendation of “Moderate Buy” from the eleven research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $61.40.

DCBO has been the topic of a number of recent research reports. TheStreet upgraded Docebo from a “d+” rating to a “c-” rating in a research note on Monday, March 18th. The Goldman Sachs Group increased their price objective on shares of Docebo from $44.00 to $55.00 and gave the stock a “neutral” rating in a research note on Monday, February 26th. Eight Capital decreased their target price on shares of Docebo from $75.00 to $65.00 and set a “buy” rating on the stock in a report on Monday, February 26th. Stifel Nicolaus upped their price target on shares of Docebo from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, February 26th. Finally, Scotiabank lifted their price objective on shares of Docebo from $60.00 to $65.00 and gave the company a “sector outperform” rating in a research note on Monday, February 26th.

Docebo Stock Performance

Shares of NASDAQ DCBO opened at $46.45 on Friday. Docebo has a one year low of $29.40 and a one year high of $56.41. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 516.17 and a beta of 1.64. The stock’s fifty day moving average price is $48.36 and its two-hundred day moving average price is $46.92.

Docebo (NASDAQ:DCBO) last released its quarterly earnings results on Friday, February 23rd. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.12. The business had revenue of $49.28 million for the quarter, compared to analyst estimates of $48.46 million. Docebo had a net margin of 1.57% and a return on equity of 12.45%. On average, equities analysts forecast that Docebo will post 0.73 EPS for the current year.

Hedge Funds Weigh In On Docebo

Several large investors have recently bought and sold shares of DCBO. PNC Financial Services Group Inc. acquired a new position in shares of Docebo in the fourth quarter valued at approximately $48,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Docebo by 56.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,238 shares of the company’s stock valued at $173,000 after acquiring an additional 1,528 shares during the period. Pathway Financial Advisors LLC bought a new position in shares of Docebo during the third quarter valued at $203,000. Virtu Financial LLC acquired a new position in shares of Docebo during the fourth quarter worth $262,000. Finally, Aigen Investment Management LP bought a new stake in shares of Docebo in the third quarter worth $266,000. 53.17% of the stock is currently owned by institutional investors.

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.