Docebo Inc. (NASDAQ:DCBO) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Docebo Inc. (NASDAQ:DCBO) have been assigned a consensus rating of “Moderate Buy” from the twelve brokerages that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $54.50.

A number of analysts recently issued reports on DCBO shares. National Bankshares reduced their price objective on Docebo from $65.00 to $55.00 and set an “outperform” rating for the company in a research report on Monday, May 13th. Craig Hallum started coverage on Docebo in a report on Friday, June 7th. They set a “buy” rating and a $58.00 target price on the stock. TheStreet upgraded Docebo from a “d+” rating to a “c-” rating in a research note on Monday, March 18th. CIBC decreased their target price on Docebo from $53.00 to $44.00 and set an “outperformer” rating on the stock in a research report on Friday, June 21st. Finally, Needham & Company LLC reissued a “buy” rating and set a $45.00 target price on shares of Docebo in a research report on Wednesday, June 12th.

Institutional Investors Weigh In On Docebo

A number of institutional investors have recently added to or reduced their stakes in DCBO. National Bank of Canada FI boosted its holdings in shares of Docebo by 291.7% in the 4th quarter. National Bank of Canada FI now owns 373,582 shares of the company’s stock worth $16,811,000 after acquiring an additional 278,201 shares in the last quarter. Mackenzie Financial Corp raised its position in Docebo by 235.6% in the 4th quarter. Mackenzie Financial Corp now owns 247,916 shares of the company’s stock worth $11,978,000 after purchasing an additional 174,037 shares during the last quarter. American Century Companies Inc. raised its position in Docebo by 157.5% in the 3rd 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. Hillsdale Investment Management Inc. raised its position in Docebo by 19.3% in the 1st quarter. Hillsdale Investment Management Inc. now owns 738,692 shares of the company’s stock worth $36,129,000 after purchasing an additional 119,434 shares during the last quarter. Finally, Quadrature Capital Ltd raised its position in Docebo by 327.4% in the 4th quarter. Quadrature Capital Ltd now owns 140,600 shares of the company’s stock worth $6,810,000 after purchasing an additional 107,700 shares during the last quarter. 53.17% of the stock is owned by institutional investors and hedge funds.

Docebo Stock Performance

DCBO opened at $38.63 on Friday. The firm has a market cap of $1.17 billion, a PE ratio of 175.59 and a beta of 1.52. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of $39.33 and a 200-day simple moving average of $44.96. Docebo has a fifty-two week low of $33.81 and a fifty-two week high of $56.41.

Docebo (NASDAQ:DCBO) last issued its earnings results on Thursday, May 9th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.14 by $0.04. The business had revenue of $51.40 million during the quarter, compared to analysts’ expectations of $51.16 million. Docebo had a return on equity of 19.31% and a net margin of 3.55%. As a group, equities analysts predict that Docebo will post 0.92 EPS for the current fiscal 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.