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

Docebo Inc. (NASDAQ:DCBO) has been given an average recommendation of “Moderate Buy” by the eleven ratings firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $61.40.

DCBO has been the subject of several recent analyst reports. Canaccord Genuity Group lifted their price target on Docebo from $50.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, February 26th. Morgan Stanley decreased their target price on Docebo from $67.00 to $65.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. Scotiabank boosted their price target on shares of Docebo from $60.00 to $65.00 and gave the stock a “sector outperform” rating in a report on Monday, February 26th. Eight Capital decreased their price objective on shares of Docebo from $75.00 to $65.00 and set a “buy” rating on the stock in a report on Monday, February 26th. Finally, The Goldman Sachs Group lifted their target price on shares of Docebo from $44.00 to $55.00 and gave the company a “neutral” rating in a research report on Monday, February 26th.

Institutional Trading of Docebo

Large investors have recently bought and sold shares of the business. Cidel Asset Management Inc. boosted its holdings in shares of Docebo by 4.7% during the 3rd quarter. Cidel Asset Management Inc. now owns 18,530 shares of the company’s stock worth $755,000 after purchasing an additional 838 shares during the last quarter. PNC Financial Services Group Inc. purchased a new position in Docebo during the fourth quarter worth approximately $48,000. Raymond James & Associates boosted its stake in Docebo by 15.0% during the fourth quarter. Raymond James & Associates now owns 9,840 shares of the company’s stock worth $476,000 after buying an additional 1,282 shares during the last quarter. Swiss National Bank grew its holdings in Docebo by 5.3% in the 1st quarter. Swiss National Bank now owns 30,225 shares of the company’s stock valued at $1,477,000 after buying an additional 1,525 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Docebo by 56.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,238 shares of the company’s stock worth $173,000 after acquiring an additional 1,528 shares during the last quarter. Hedge funds and other institutional investors own 53.17% of the company’s stock.

Docebo Trading Up 0.6 %

Docebo stock opened at $46.95 on Friday. The firm has a market cap of $1.43 billion, a PE ratio of 521.72 and a beta of 1.64. Docebo has a 12 month low of $29.40 and a 12 month high of $56.41. The stock’s 50 day simple moving average is $48.67 and its two-hundred day simple moving average is $46.87. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.01.

Docebo (NASDAQ:DCBO) last announced its quarterly earnings results on Friday, February 23rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.12. The firm had revenue of $49.28 million for the quarter, compared to the consensus estimate of $48.46 million. Docebo had a net margin of 1.57% and a return on equity of 12.45%. Analysts anticipate that Docebo will post 0.73 earnings per share for the current 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.