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

Shares of Docebo Inc. (NASDAQ:DCBO) have been given an average rating of “Moderate Buy” by the twelve analysts that are currently covering the company, Marketbeat Ratings 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 price objective among brokerages that have covered the stock in the last year is $56.00.

A number of brokerages have commented on DCBO. CIBC boosted their price objective on Docebo from $44.00 to $52.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Scotiabank boosted their price objective on Docebo from $50.00 to $55.00 and gave the stock a “sector outperform” rating in a report on Thursday. Finally, Needham & Company LLC reissued a “buy” rating and set a $50.00 price objective (up from $45.00) on shares of Docebo in a report on Thursday, September 12th.

Hedge Funds Weigh In On Docebo

Several institutional investors have recently bought and sold shares of DCBO. PNC Financial Services Group Inc. purchased a new position in Docebo in the fourth quarter valued at approximately $48,000. Point72 Asset Management L.P. bought a new stake in Docebo during the 2nd quarter valued at $189,000. Riverwater Partners LLC bought a new stake in Docebo during the 3rd quarter valued at $200,000. Pathway Financial Advisors LLC bought a new stake in Docebo during the 3rd quarter valued at $221,000. Finally, XTX Topco Ltd bought a new stake in Docebo during the 2nd quarter valued at $264,000. Hedge funds and other institutional investors own 53.17% of the company’s stock.

Docebo Stock Performance

Shares of Docebo stock opened at $46.06 on Friday. Docebo has a one year low of $33.81 and a one year high of $56.41. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 209.36 and a beta of 1.55. The business has a 50-day simple moving average of $43.70 and a 200 day simple moving average of $41.09. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.11 and a quick 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 company had revenue of $53.05 million for the quarter, compared to the consensus estimate of $52.30 million. Docebo had a return on equity of 29.82% and a net margin of 8.56%. On average, research analysts anticipate that Docebo will post 0.79 earnings per share 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.