Riverwater Partners LLC Purchases New Stake in Docebo Inc. (NASDAQ:DCBO)

Riverwater Partners LLC bought a new position in Docebo Inc. (NASDAQ:DCBO) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,703 shares of the company’s stock, valued at approximately $200,000.

Other large investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. purchased a new position in Docebo in the 4th quarter valued at approximately $48,000. Point72 Asset Management L.P. purchased a new stake in shares of Docebo in the 2nd quarter valued at about $189,000. Pathway Financial Advisors LLC bought a new stake in Docebo during the third quarter valued at approximately $221,000. XTX Topco Ltd bought a new stake in shares of Docebo during the 2nd quarter worth $264,000. Finally, Aristides Capital LLC bought a new stake in Docebo during the second quarter worth about $277,000. Hedge funds and other institutional investors own 53.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DCBO. Scotiabank upped their price objective on shares of Docebo from $50.00 to $55.00 and gave the company a “sector outperform” rating in a research note on Thursday. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 price objective (up previously from $45.00) on shares of Docebo in a report on Thursday, September 12th. Finally, CIBC lifted their target price on shares of Docebo from $44.00 to $52.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $56.00.

Docebo Trading Up 2.4 %

Docebo stock opened at $46.06 on Friday. Docebo Inc. has a 12 month low of $33.81 and a 12 month high of $56.41. The business’s fifty day simple moving average is $43.70 and its two-hundred day simple moving average is $41.09. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 209.36 and a beta of 1.55. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.01.

Docebo (NASDAQ:DCBO) last issued its earnings results on Thursday, August 8th. The company reported $0.19 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. As a group, equities analysts predict that Docebo Inc. 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.