Docebo Inc. (NASDAQ:DCBO) Receives $57.36 Average PT from Brokerages

Docebo Inc. (NASDAQ:DCBO) has earned an average rating of “Moderate Buy” from the twelve ratings firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $57.36.

Several equities analysts have weighed in on DCBO shares. Needham & Company LLC increased their price objective on Docebo from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 8th. Atb Cap Markets lowered Docebo from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. Craig Hallum upped their price objective on shares of Docebo from $58.00 to $62.00 and gave the company a “buy” rating in a report on Monday, November 11th. CIBC increased their target price on shares of Docebo from $44.00 to $52.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Finally, Scotiabank boosted their price target on shares of Docebo from $50.00 to $55.00 and gave the company a “sector outperform” rating in a research report on Thursday, October 24th.

Docebo Price Performance

Shares of NASDAQ:DCBO opened at $42.22 on Wednesday. Docebo has a fifty-two week low of $33.81 and a fifty-two week high of $56.41. The company’s 50-day moving average is $47.76 and its 200 day moving average is $43.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $1.28 billion, a P/E ratio of 72.79 and a beta of 1.55.

Institutional Investors Weigh In On Docebo

Several large investors have recently added to or reduced their stakes in DCBO. TD Asset Management Inc lifted its position in Docebo by 4.4% during the second quarter. TD Asset Management Inc now owns 109,570 shares of the company’s stock valued at $4,230,000 after purchasing an additional 4,580 shares during the last quarter. Acadian Asset Management LLC raised its position in Docebo by 24.7% during the second quarter. Acadian Asset Management LLC now owns 66,697 shares of the company’s stock valued at $2,567,000 after purchasing an additional 13,200 shares in the last quarter. American Century Companies Inc. lifted its stake in Docebo by 42.5% during the second quarter. American Century Companies Inc. now owns 237,575 shares of the company’s stock worth $9,174,000 after purchasing an additional 70,859 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Docebo by 15.1% in the second quarter. Renaissance Technologies LLC now owns 118,800 shares of the company’s stock worth $4,589,000 after buying an additional 15,600 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of Docebo during the second quarter worth approximately $264,000. Institutional investors own 53.17% of the company’s stock.

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.