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

Docebo Inc. (NASDAQ:DCBO) has earned a consensus rating of “Moderate Buy” from the twelve ratings firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $57.36.

DCBO has been the topic of several research analyst reports. Atb Cap Markets cut Docebo from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. CIBC boosted their price objective on shares of Docebo from $44.00 to $52.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Craig Hallum raised their target price on shares of Docebo from $58.00 to $62.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Needham & Company LLC boosted their price target on shares of Docebo from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Scotiabank raised their price objective on shares of Docebo from $50.00 to $55.00 and gave the stock a “sector outperform” rating in a report on Thursday, October 24th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Stanley Laman Group Ltd. bought a new position in shares of Docebo during the second quarter valued at $843,000. Bank of Montreal Can increased its stake in Docebo by 23.1% during the 2nd quarter. Bank of Montreal Can now owns 371,690 shares of the company’s stock valued at $14,198,000 after purchasing an additional 69,787 shares in the last quarter. Rice Hall James & Associates LLC bought a new stake in Docebo during the 3rd quarter valued at about $3,907,000. Acadian Asset Management LLC raised its holdings in Docebo by 109.0% in the first quarter. Acadian Asset Management LLC now owns 53,497 shares of the company’s stock worth $2,611,000 after buying an additional 27,897 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Docebo by 15.1% in the second quarter. Renaissance Technologies LLC now owns 118,800 shares of the company’s stock worth $4,589,000 after buying an additional 15,600 shares in the last quarter. Institutional investors own 53.17% of the company’s stock.

Docebo Stock Up 1.1 %

Shares of NASDAQ:DCBO opened at $49.03 on Tuesday. The stock’s 50-day moving average is $46.10 and its 200 day moving average is $41.53. The company has a market cap of $1.48 billion, a PE ratio of 84.53 and a beta of 1.54. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 1.13. Docebo has a 1 year low of $33.81 and a 1 year high of $56.41.

About Docebo

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.