Docebo Inc. (NASDAQ:DCBO) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Docebo Inc. (NASDAQ:DCBO) have received a consensus recommendation of “Moderate Buy” from the twelve analysts that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $57.36.

DCBO has been the subject of a number of recent research reports. Atb Cap Markets lowered Docebo from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. Scotiabank lifted their price target on Docebo from $50.00 to $55.00 and gave the company a “sector outperform” rating in a research report on Thursday, October 24th. Craig Hallum upped their price objective on Docebo from $58.00 to $62.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Needham & Company LLC raised their price objective on shares of Docebo from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, CIBC boosted 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.

Docebo Trading Up 0.6 %

NASDAQ DCBO opened at $50.25 on Friday. Docebo has a 1 year low of $33.81 and a 1 year high of $56.41. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market capitalization of $1.52 billion, a PE ratio of 86.64 and a beta of 1.55. The company has a fifty day moving average of $47.71 and a 200 day moving average of $42.72.

Institutional Trading of Docebo

Institutional investors and hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP boosted its holdings in Docebo by 1,047.0% in the 3rd quarter. Wellington Management Group LLP now owns 599,976 shares of the company’s stock worth $26,518,000 after buying an additional 547,666 shares during the last quarter. Long Path Partners LP boosted its stake in shares of Docebo by 73.0% in the second quarter. Long Path Partners LP now owns 686,277 shares of the company’s stock worth $26,511,000 after acquiring an additional 289,524 shares during the last quarter. Luxor Capital Group LP acquired a new stake in shares of Docebo in the third quarter worth approximately $9,071,000. Warburg Pincus LLC increased its position in shares of Docebo by 5.7% during the third 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 in the last quarter. Finally, CIBC Asset Management Inc raised its stake in Docebo by 36.9% in the 2nd quarter. CIBC Asset Management Inc now owns 446,544 shares of the company’s stock valued at $17,233,000 after purchasing an additional 120,396 shares during the last quarter. Hedge funds and other institutional investors own 53.17% of the company’s stock.

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.