Docebo (NASDAQ:DCBO) Earns Neutral Rating from Analysts at The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of Docebo (NASDAQ:DCBO – Get Rating) in a report released on Monday, The Fly reports. The brokerage issued a neutral rating and a $37.00 price target on the stock.

Several other brokerages also recently issued reports on DCBO. Morgan Stanley raised their price target on Docebo from $36.00 to $39.00 and gave the company an equal weight rating in a report on Friday, March 10th. TD Securities increased their price objective on Docebo from $52.00 to $54.00 and gave the stock a buy rating in a research report on Friday, March 10th. Finally, Canaccord Genuity Group increased their price objective on Docebo from $40.00 to $50.00 and gave the stock a buy rating in a research report on Friday, March 10th.

Docebo Trading Down 1.2 %

NASDAQ DCBO opened at $31.77 on Monday. The company has a market cap of $1.05 billion, a PE ratio of 70.60 and a beta of 1.62. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 0.01. Docebo has a 12 month low of $23.40 and a 12 month high of $41.48. The stock has a 50 day moving average of $36.65 and a 200-day moving average of $35.03.

Docebo (NASDAQ:DCBO – Get Rating) last released its quarterly earnings data on Thursday, March 9th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.05 by $0.03. The company had revenue of $38.96 million during the quarter, compared to the consensus estimate of $38.67 million. Docebo had a return on equity of 3.26% and a net margin of 9.99%. On average, equities research analysts anticipate that Docebo will post 0.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Daiwa Securities Group Inc. grew its position in Docebo by 52.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 875 shares of the company’s stock valued at $29,000 after acquiring an additional 300 shares during the last quarter. Turtle Creek Asset Management Inc. acquired a new stake in shares of Docebo during the first quarter valued at about $37,000. Lazard Asset Management LLC boosted its stake in shares of Docebo by 55.1% during the third quarter. Lazard Asset Management LLC now owns 3,111 shares of the company’s stock valued at $84,000 after purchasing an additional 1,105 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Docebo by 48.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,710 shares of the company’s stock valued at $89,000 after purchasing an additional 888 shares in the last quarter. Finally, UBS Group AG boosted its stake in shares of Docebo by 58.4% during the third quarter. UBS Group AG now owns 4,094 shares of the company’s stock valued at $111,000 after purchasing an additional 1,510 shares in the last quarter. Institutional investors own 39.10% of the company’s stock.

Docebo Company Profile

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Docebo Inc provides a cloud-based learning management system to train internal and external workforces, partners, and customers in North America, Europe, and the Asia-Pacific region. Its platform helps customers to centralize learning materials from peer enterprises and learners into one learning management system (LMS) to expedite and enrich the learning process, increase productivity, and grow teams uniformly.