Docebo (NASDAQ:DCBO) Stock Rating Reaffirmed by Needham & Company LLC

Docebo (NASDAQ:DCBO)‘s stock had its “buy” rating reiterated by Needham & Company LLC in a research report issued on Thursday, MarketBeat Ratings reports. They presently have a $50.00 price target on the stock, up from their prior price target of $45.00. Needham & Company LLC’s price target indicates a potential upside of 17.73% from the stock’s previous close.

DCBO has been the topic of several other research reports. Craig Hallum started coverage on shares of Docebo in a research note on Friday, June 7th. They issued a “buy” rating and a $58.00 price target on the stock. CIBC cut their target price on shares of Docebo from $53.00 to $44.00 and set an “outperformer” rating on the stock in a research report on Friday, June 21st. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $54.92.

Docebo Price Performance

Shares of NASDAQ:DCBO opened at $42.47 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a fifty day moving average price of $40.37 and a 200 day moving average price of $42.46. Docebo has a fifty-two week low of $33.81 and a fifty-two week high of $56.41. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 193.05 and a beta of 1.55.

Docebo (NASDAQ:DCBO) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). Docebo had a net margin of 8.56% and a return on equity of 29.82%. The business had revenue of $53.05 million for the quarter, compared to the consensus estimate of $52.30 million. As a group, sell-side analysts expect that Docebo will post 0.79 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Docebo

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Long Path Partners LP boosted its position in shares of Docebo by 73.0% during the 2nd quarter. Long Path Partners LP now owns 686,277 shares of the company’s stock valued at $26,511,000 after acquiring an additional 289,524 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of Docebo by 36.9% during the second quarter. CIBC Asset Management Inc now owns 446,544 shares of the company’s stock worth $17,233,000 after buying an additional 120,396 shares during the period. Hillsdale Investment Management Inc. increased its stake in Docebo by 19.3% in the first quarter. Hillsdale Investment Management Inc. now owns 738,692 shares of the company’s stock valued at $36,129,000 after purchasing an additional 119,434 shares during the last quarter. Quadrature Capital Ltd increased its stake in Docebo by 327.4% in the fourth quarter. Quadrature Capital Ltd now owns 140,600 shares of the company’s stock valued at $6,810,000 after purchasing an additional 107,700 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in Docebo by 196.3% in the second quarter. Marshall Wace LLP now owns 142,507 shares of the company’s stock valued at $5,505,000 after purchasing an additional 94,414 shares during the last quarter. 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.