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

Docebo Inc. (NASDAQ:DCBO) has been given a consensus recommendation of “Moderate Buy” by the twelve analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $55.58.

Several equities research analysts have recently issued reports on the stock. CIBC raised their price target on shares of Docebo from $44.00 to $52.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Craig Hallum assumed coverage on shares of Docebo in a research note on Friday, June 7th. They issued a “buy” rating and a $58.00 price objective for the company. Finally, Needham & Company LLC restated a “buy” rating and set a $50.00 price target (up from $45.00) on shares of Docebo in a research report on Thursday, September 12th.

Docebo Price Performance

Shares of NASDAQ DCBO opened at $43.36 on Monday. Docebo has a fifty-two week low of $33.81 and a fifty-two week high of $56.41. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 197.09 and a beta of 1.55. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.11 and a current ratio of 1.11. The firm’s 50-day simple moving average is $42.13 and its 200 day simple moving average is $41.61.

Docebo (NASDAQ:DCBO) last posted its earnings results on Thursday, August 8th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). Docebo had a return on equity of 29.82% and a net margin of 8.56%. The firm had revenue of $53.05 million for the quarter, compared to the consensus estimate of $52.30 million. As a group, research analysts anticipate that Docebo will post 0.79 earnings per share for the current fiscal year.

Institutional Trading of Docebo

Hedge funds have recently made changes to their positions in the stock. Aristides Capital LLC bought a new stake in Docebo in the second quarter worth $277,000. Point72 Asset Management L.P. purchased a new stake in Docebo during the 2nd quarter valued at about $189,000. The Manufacturers Life Insurance Company increased its stake in Docebo by 0.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 196,588 shares of the company’s stock valued at $7,581,000 after purchasing an additional 1,058 shares in the last quarter. Millennium Management LLC raised its holdings in Docebo by 43.0% in the second quarter. Millennium Management LLC now owns 179,685 shares of the company’s stock worth $6,940,000 after buying an additional 54,057 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in shares of Docebo by 196.3% in the second quarter. Marshall Wace LLP now owns 142,507 shares of the company’s stock worth $5,505,000 after buying an additional 94,414 shares in the last quarter. 53.17% of the stock is 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.