Docebo Inc. (NASDAQ:DCBO) Given Consensus Recommendation of “Buy” by Brokerages

Docebo Inc. (NASDAQ:DCBO) has earned an average recommendation of “Buy” from the eleven brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $53.18.

Several equities research analysts recently commented on the stock. UBS Group set a $45.00 price target on shares of Docebo in a research report on Tuesday, March 4th. Scotiabank reduced their target price on Docebo from $55.00 to $45.00 and set a “sector outperform” rating for the company in a report on Tuesday, March 4th. Atb Cap Markets upgraded Docebo from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th. Finally, Morgan Stanley set a $43.00 price objective on Docebo in a research note on Friday, February 28th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Long Path Partners LP lifted its holdings in shares of Docebo by 6.6% during the 3rd quarter. Long Path Partners LP now owns 731,299 shares of the company’s stock valued at $32,323,000 after buying an additional 45,022 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Docebo by 2.7% during the third quarter. The Manufacturers Life Insurance Company now owns 201,935 shares of the company’s stock valued at $8,917,000 after acquiring an additional 5,347 shares in the last quarter. Erste Asset Management GmbH acquired a new stake in Docebo in the third quarter valued at approximately $1,346,000. Wellington Management Group LLP grew its position in Docebo by 1,047.0% in the third quarter. Wellington Management Group LLP now owns 599,976 shares of the company’s stock worth $26,518,000 after acquiring an additional 547,666 shares in the last quarter. Finally, Warburg Pincus LLC increased its stake in shares of Docebo by 5.7% during the 3rd quarter. Warburg Pincus LLC now owns 3,546,597 shares of the company’s stock worth $156,760,000 after purchasing an additional 190,434 shares during the last quarter. Hedge funds and other institutional investors own 53.17% of the company’s stock.

Docebo Stock Performance

Shares of DCBO opened at $29.29 on Monday. The company has a 50-day moving average of $36.96 and a two-hundred day moving average of $42.95. The stock has a market cap of $886.73 million, a price-to-earnings ratio of 50.50 and a beta of 1.60. 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 one year low of $27.61 and a one year high of $53.86.

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.