Docebo Inc. (NASDAQ:DCBO) Given Average Recommendation of “Moderate Buy” by Analysts

Docebo Inc. (NASDAQ:DCBO) has been given an average recommendation of “Moderate Buy” by the twelve brokerages that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $55.58.

Several research analysts recently issued reports on DCBO shares. CIBC lifted their price objective on Docebo from $44.00 to $52.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Needham & Company LLC restated a “buy” rating and issued a $50.00 price objective (up from $45.00) on shares of Docebo in a research report on Thursday, September 12th. Finally, Craig Hallum initiated coverage on Docebo in a research report on Friday, June 7th. They set a “buy” rating and a $58.00 price objective for the company.

Docebo Stock Down 1.7 %

Docebo stock opened at $44.36 on Monday. Docebo has a fifty-two week low of $33.81 and a fifty-two week high of $56.41. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 201.64 and a beta of 1.55. The stock’s fifty day moving average is $41.71 and its two-hundred day moving average is $41.72. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.11 and a current ratio of 1.11.

Docebo (NASDAQ:DCBO) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The business had revenue of $53.05 million during the quarter, compared to analyst estimates of $52.30 million. Docebo had a net margin of 8.56% and a return on equity of 29.82%. Analysts predict that Docebo will post 0.79 EPS for the current fiscal year.

Institutional Investors Weigh In On Docebo

A number of institutional investors have recently bought and sold shares of DCBO. PNC Financial Services Group Inc. acquired a new position in shares of Docebo in the 4th quarter valued at $48,000. Point72 Asset Management L.P. acquired a new position in Docebo in the second quarter valued at $189,000. Virtu Financial LLC purchased a new stake in Docebo during the fourth quarter valued at about $262,000. XTX Topco Ltd acquired a new stake in Docebo during the second quarter worth about $264,000. Finally, Aristides Capital LLC purchased a new position in shares of Docebo in the 2nd quarter worth about $277,000. 53.17% of the stock is currently owned by hedge funds and other institutional investors.

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.