Docebo Inc. (NASDAQ:DCBO) Receives $57.36 Consensus Price Target from Analysts

Docebo Inc. (NASDAQ:DCBO) has been given a consensus recommendation of “Moderate Buy” by the twelve analysts that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $57.36.

DCBO has been the subject of a number of recent research reports. Atb Cap Markets cut shares of Docebo from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. Needham & Company LLC boosted their price objective on shares of Docebo from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 8th. Craig Hallum raised their target price on shares of Docebo from $58.00 to $62.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Scotiabank boosted their price target on Docebo from $50.00 to $55.00 and gave the company a “sector outperform” rating in a research note on Thursday, October 24th.

Institutional Investors Weigh In On Docebo

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of Montreal Can increased its stake in shares of Docebo by 23.1% in the 2nd quarter. Bank of Montreal Can now owns 371,690 shares of the company’s stock valued at $14,198,000 after purchasing an additional 69,787 shares during the last quarter. Rice Hall James & Associates LLC bought a new position in Docebo in the third quarter valued at about $3,907,000. Renaissance Technologies LLC raised its stake in Docebo by 15.1% during the second quarter. Renaissance Technologies LLC now owns 118,800 shares of the company’s stock worth $4,589,000 after acquiring an additional 15,600 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Docebo by 7.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 236,825 shares of the company’s stock worth $10,449,000 after acquiring an additional 15,800 shares during the last quarter. Finally, Intact Investment Management Inc. bought a new position in shares of Docebo in the third quarter worth about $3,319,000. 53.17% of the stock is currently owned by institutional investors.

Docebo Stock Performance

Shares of NASDAQ DCBO opened at $42.21 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 72.78 and a beta of 1.56. The stock’s fifty day moving average price is $47.49 and its two-hundred day moving average price is $44.03. Docebo has a one year low of $33.81 and a one year high of $56.41.

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.