Docebo (NASDAQ:DCBO) PT Raised to $55.00 at Scotiabank

Docebo (NASDAQ:DCBO) had its price objective raised by analysts at Scotiabank from $50.00 to $55.00 in a research report issued on Thursday, MarketBeat.com reports. The brokerage presently has a “sector outperform” rating on the stock. Scotiabank’s price target suggests a potential upside of 19.41% from the stock’s current price.

DCBO has been the topic of several other research reports. Needham & Company LLC reiterated a “buy” rating and set a $50.00 price objective (up previously from $45.00) on shares of Docebo in a research report on Thursday, September 12th. CIBC lifted their price objective on shares of Docebo from $44.00 to $52.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $56.00.

Docebo Price Performance

Shares of DCBO opened at $46.06 on Thursday. The firm has a market cap of $1.39 billion, a P/E ratio of 209.36 and a beta of 1.55. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.11 and a current ratio of 1.11. Docebo has a 52 week low of $33.81 and a 52 week high of $56.41. The firm’s 50-day simple moving average is $43.86 and its 200 day simple moving average is $41.11.

Docebo (NASDAQ:DCBO) last posted 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). The firm had revenue of $53.05 million during the quarter, compared to analyst estimates of $52.30 million. Docebo had a net margin of 8.56% and a return on equity of 29.82%. On average, analysts forecast that Docebo will post 0.79 earnings per share for the current year.

Institutional Investors Weigh In On Docebo

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. acquired a new position in shares of Docebo during the 4th quarter worth $48,000. Point72 Asset Management L.P. acquired a new position in Docebo during the second quarter worth about $189,000. Riverwater Partners LLC bought a new position in shares of Docebo in the third quarter worth about $200,000. Pathway Financial Advisors LLC acquired a new stake in shares of Docebo in the 3rd quarter valued at approximately $221,000. Finally, XTX Topco Ltd acquired a new stake in shares of Docebo in the 2nd quarter valued at approximately $264,000. 53.17% of the stock is currently owned by institutional investors.

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.