Docebo Inc. (NASDAQ:DCBO) Short Interest Update

Docebo Inc. (NASDAQ:DCBO) was the target of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 134,300 shares, a decrease of 6.7% from the March 15th total of 143,900 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average daily volume of 95,800 shares, the short-interest ratio is presently 1.4 days.

Analysts Set New Price Targets

A number of research firms recently commented on DCBO. CIBC upped their price objective on Docebo from $49.81 to $58.00 and gave the company an “outperform” rating in a report on Thursday, January 11th. Canaccord Genuity Group upped their price objective on Docebo from $50.00 to $65.00 and gave the company a “buy” rating in a report on Monday, February 26th. TheStreet upgraded Docebo from a “d+” rating to a “c-” rating in a research note on Monday, March 18th. Scotiabank upped their price target on Docebo from $60.00 to $65.00 and gave the stock a “sector outperform” rating in a research note on Monday, February 26th. Finally, Eight Capital decreased their price target on Docebo from $75.00 to $65.00 and set a “buy” rating on the stock in a research note on Monday, February 26th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $61.60.

Hedge Funds Weigh In On Docebo

Hedge funds have recently made changes to their positions in the company. American Century Companies Inc. grew its holdings in shares of Docebo by 157.5% during the third quarter. American Century Companies Inc. now owns 252,247 shares of the company’s stock worth $10,229,000 after purchasing an additional 154,281 shares during the last quarter. EAM Investors LLC acquired a new stake in shares of Docebo during the third quarter worth about $1,076,000. Graham Capital Management L.P. acquired a new stake in shares of Docebo during the third quarter worth about $535,000. Fiera Capital Corp boosted its stake in shares of Docebo by 73.3% during the third quarter. Fiera Capital Corp now owns 137,885 shares of the company’s stock worth $5,607,000 after buying an additional 58,319 shares during the period. Finally, Pathway Financial Advisors LLC acquired a new stake in shares of Docebo during the third quarter worth about $203,000. Hedge funds and other institutional investors own 53.17% of the company’s stock.

Docebo Stock Down 0.1 %

NASDAQ:DCBO traded down $0.05 during trading hours on Wednesday, hitting $44.11. The company’s stock had a trading volume of 12,237 shares, compared to its average volume of 92,624. The stock has a market capitalization of $1.34 billion, a P/E ratio of 490.72 and a beta of 1.64. The stock has a fifty day moving average of $49.14 and a 200-day moving average of $46.37. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.01. Docebo has a 52-week low of $29.40 and a 52-week high of $56.41.

Docebo (NASDAQ:DCBO) last issued its quarterly earnings data on Friday, February 23rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.12. The company had revenue of $49.28 million for the quarter, compared to analyst estimates of $48.46 million. Docebo had a return on equity of 12.45% and a net margin of 1.57%. On average, equities analysts forecast that Docebo will post 0.81 earnings per share for the current year.

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.