Renaissance Technologies LLC Acquires 15,600 Shares of Docebo Inc. (NASDAQ:DCBO)

Renaissance Technologies LLC lifted its stake in shares of Docebo Inc. (NASDAQ:DCBO) by 15.1% in the 2nd quarter, Holdings Channel reports. The fund owned 118,800 shares of the company’s stock after acquiring an additional 15,600 shares during the quarter. Renaissance Technologies LLC’s holdings in Docebo were worth $4,589,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. PNC Financial Services Group Inc. acquired a new position in shares of Docebo during the 4th quarter worth about $48,000. Virtu Financial LLC acquired a new stake in Docebo during the 4th quarter worth approximately $262,000. Versor Investments LP acquired a new stake in Docebo in the 2nd quarter worth about $317,000. Scotia Capital Inc. acquired a new stake in shares of Docebo in the fourth quarter valued at approximately $486,000. Finally, Grandeur Peak Global Advisors LLC lifted its position in shares of Docebo by 3.7% during the 1st quarter. Grandeur Peak Global Advisors LLC now owns 17,025 shares of the company’s stock valued at $833,000 after acquiring an additional 600 shares during the period. Institutional investors and hedge funds own 53.17% of the company’s stock.

Wall Street Analysts Forecast Growth

DCBO has been the topic of several analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $50.00 price target (up previously from $45.00) on shares of Docebo in a research report on Thursday, September 12th. CIBC lifted their target price on shares of Docebo from $44.00 to $52.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Finally, Craig Hallum initiated coverage on Docebo in a report on Friday, June 7th. They set a “buy” rating and a $58.00 price target for the company. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $55.58.

Docebo Stock Down 1.7 %

Shares of DCBO opened at $44.36 on Friday. The firm has a market cap of $1.34 billion, a P/E ratio of 201.64 and a beta of 1.55. Docebo Inc. has a 1 year low of $33.81 and a 1 year high of $56.41. The stock has a 50 day simple moving average of $41.71 and a two-hundred day simple moving average of $41.86. 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 posted its quarterly earnings results on Thursday, August 8th. The company reported $0.19 earnings per share (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 analysts’ expectations of $52.30 million. On average, analysts forecast that Docebo Inc. will post 0.79 earnings per share for the current fiscal year.

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.