Brokerages Set Docebo Inc. (NASDAQ:DCBO) Target Price at $44.13

Docebo Inc. (NASDAQ:DCBO) has earned a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $44.13.

DCBO has been the topic of a number of research analyst reports. National Bankshares lowered their price target on Docebo from $55.00 to $45.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. Morgan Stanley lowered Docebo from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $41.00 to $32.00 in a research note on Monday, May 12th. Cantor Fitzgerald started coverage on Docebo in a research note on Monday, June 9th. They set an “overweight” rating and a $35.00 price objective on the stock. Needham & Company LLC reissued a “buy” rating and set a $42.00 price objective on shares of Docebo in a research note on Thursday, April 10th. Finally, Atb Cap Markets lowered Docebo from a “strong-buy” rating to a “hold” rating in a research note on Sunday, May 11th.

Hedge Funds Weigh In On Docebo

Large investors have recently modified their holdings of the business. Quantbot Technologies LP acquired a new position in shares of Docebo in the 4th quarter valued at $132,000. Tower Research Capital LLC TRC lifted its stake in Docebo by 46.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,983 shares of the company’s stock worth $134,000 after acquiring an additional 949 shares in the last quarter. Deutsche Bank AG acquired a new position in Docebo during the 4th quarter worth about $242,000. Dynamic Technology Lab Private Ltd acquired a new position in Docebo during the 4th quarter worth about $255,000. Finally, State of Wyoming acquired a new position in Docebo during the 4th quarter worth about $275,000. Institutional investors and hedge funds own 53.17% of the company’s stock.

Docebo Price Performance

Shares of NASDAQ:DCBO opened at $29.43 on Wednesday. The business’s 50 day moving average price is $27.94 and its 200-day moving average price is $33.88. The firm has a market capitalization of $853.76 million, a PE ratio of 39.77 and a beta of 1.48. Docebo has a 1 year low of $25.50 and a 1 year high of $53.86.

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.