Docebo Inc. (NASDAQ:DCBO) Receives $54.50 Average PT from Analysts

Docebo Inc. (NASDAQ:DCBO) has been given a consensus recommendation of “Moderate Buy” by the twelve ratings firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $54.50.

Several equities research analysts have recently weighed in on the stock. Scotiabank reduced their target price on shares of Docebo from $65.00 to $50.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, May 14th. National Bankshares cut their target price on Docebo from $65.00 to $55.00 and set an “outperform” rating on the stock in a research note on Monday, May 13th. Canaccord Genuity Group cut their price objective on Docebo from $65.00 to $55.00 and set a “buy” rating on the stock in a research report on Tuesday, May 14th. Needham & Company LLC reiterated a “buy” rating and set a $45.00 target price on shares of Docebo in a research report on Wednesday, June 12th. Finally, CIBC cut their price target on shares of Docebo from $53.00 to $44.00 and set an “outperformer” rating on the stock in a report on Friday.

Docebo Stock Performance

DCBO opened at $36.87 on Friday. Docebo has a fifty-two week low of $33.81 and a fifty-two week high of $56.41. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.30 and a current ratio of 1.30. The company has a fifty day moving average of $39.94 and a 200 day moving average of $45.22. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 167.59 and a beta of 1.52.

Docebo (NASDAQ:DCBO) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.04. Docebo had a net margin of 3.55% and a return on equity of 19.31%. The company had revenue of $51.40 million for the quarter, compared to analysts’ expectations of $51.16 million. As a group, sell-side analysts forecast that Docebo will post 0.92 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Docebo

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. purchased a new stake in shares of Docebo during the 4th quarter valued at $48,000. Virtu Financial LLC purchased a new stake in Docebo during the 4th quarter worth approximately $262,000. Aigen Investment Management LP acquired a new position in Docebo during the 3rd quarter valued at approximately $266,000. Versor Investments LP purchased a new position in shares of Docebo in the fourth quarter worth $358,000. Finally, Raymond James & Associates lifted its stake in shares of Docebo by 15.0% during the fourth quarter. Raymond James & Associates now owns 9,840 shares of the company’s stock worth $476,000 after buying an additional 1,282 shares during the period. Hedge funds and other institutional investors own 53.17% of the company’s stock.

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.