Brokerages Set Docebo Inc. (NASDAQ:DCBO) Target Price at $36.20

Docebo Inc. (NASDAQ:DCBO) has received an average recommendation of “Moderate Buy” from the fourteen ratings firms that are presently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $36.20.

Several research firms recently issued reports on DCBO. CIBC cut their price objective on Docebo from $37.00 to $36.00 and set an “outperform” rating on the stock in a report on Wednesday, October 29th. Oppenheimer assumed coverage on shares of Docebo in a research note on Wednesday, November 5th. They set an “outperform” rating and a $35.00 price target on the stock. Wall Street Zen lowered shares of Docebo from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. TD Securities began coverage on shares of Docebo in a report on Friday, October 3rd. They issued a “buy” rating and a $37.00 price objective for the company. Finally, ATB Capital upgraded shares of Docebo to an “outperform” rating in a report on Wednesday, December 10th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio increased its holdings in Docebo by 7.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 11,444 shares of the company’s stock worth $331,000 after purchasing an additional 783 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Docebo by 0.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 552,271 shares of the company’s stock valued at $16,006,000 after acquiring an additional 1,381 shares in the last quarter. Employees Retirement System of Texas purchased a new position in Docebo in the second quarter worth approximately $44,000. TD Waterhouse Canada Inc. grew its holdings in Docebo by 39.5% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 6,380 shares of the company’s stock worth $172,000 after acquiring an additional 1,805 shares in the last quarter. Finally, National Bank of Canada FI increased its position in shares of Docebo by 7.9% in the 3rd quarter. National Bank of Canada FI now owns 24,937 shares of the company’s stock valued at $675,000 after purchasing an additional 1,831 shares during the last quarter. 53.17% of the stock is currently owned by hedge funds and other institutional investors.

Docebo Stock Up 0.9%

Docebo stock opened at $22.20 on Wednesday. The company has a market capitalization of $638.03 million, a PE ratio of 30.00 and a beta of 1.45. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.13 and a current ratio of 1.13. Docebo has a fifty-two week low of $20.20 and a fifty-two week high of $46.40. The firm has a 50 day moving average price of $23.09 and a 200 day moving average price of $27.14.

Docebo Company Profile

Docebo is a cloud-based learning management system (LMS) provider that offers enterprise organizations a comprehensive platform for employee, customer and partner training. The company’s software is designed to streamline learning and development with features such as AI-powered content recommendations, automated learning paths and social collaboration tools. Docebo’s platform supports multiple languages and integrates with a variety of third-party applications, enabling businesses to deliver training at scale across different departments and regions.

Founded in 2005 and headquartered in Toronto, Canada, Docebo has expanded its footprint to serve customers in North America, Europe, the Middle East and the Asia Pacific region.