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

Docebo Inc. (NASDAQ:DCBO) has earned a consensus rating of “Moderate Buy” from the twelve brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $54.50.

Several equities research analysts have weighed in on the company. Craig Hallum assumed coverage on Docebo in a research note on Friday, June 7th. They set a “buy” rating and a $58.00 price objective on the stock. CIBC reduced their price objective on Docebo from $53.00 to $44.00 and set an “outperformer” rating on the stock in a research note on Friday. Canaccord Genuity Group boosted their price objective on Docebo from $50.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, February 26th. Canaccord Genuity Group dropped their target price on Docebo from $65.00 to $55.00 and set a “buy” rating for the company in a research report on Tuesday, May 14th. Finally, Scotiabank dropped their target price on Docebo from $65.00 to $50.00 and set a “sector outperform” rating for the company in a research report on Tuesday, May 14th.

Institutional Trading of Docebo

A number of hedge funds have recently bought and sold shares of the business. American Century Companies Inc. increased its holdings in Docebo by 157.5% in the 3rd quarter. American Century Companies Inc. now owns 252,247 shares of the company’s stock valued at $10,229,000 after purchasing an additional 154,281 shares during the last quarter. EAM Investors LLC acquired a new stake in Docebo in the 3rd quarter valued at approximately $1,076,000. Quadrature Capital Ltd increased its holdings in Docebo by 327.4% in the 4th quarter. Quadrature Capital Ltd now owns 140,600 shares of the company’s stock valued at $6,810,000 after purchasing an additional 107,700 shares during the last quarter. Versor Investments LP purchased a new position in Docebo in the 4th quarter valued at approximately $358,000. Finally, Intact Investment Management Inc. purchased a new position in Docebo in the 4th quarter valued at approximately $1,435,000. Institutional investors and hedge funds own 53.17% of the company’s stock.

Docebo Price Performance

NASDAQ:DCBO opened at $37.01 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.01. The business’s 50-day simple moving average is $39.94 and its two-hundred day simple moving average is $45.21. The stock has a market cap of $1.12 billion, a PE ratio of 168.23 and a beta of 1.52. Docebo has a 52 week low of $33.81 and a 52 week high of $56.41.

Docebo (NASDAQ:DCBO) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. Docebo had a return on equity of 19.31% and a net margin of 3.55%. The business had revenue of $51.40 million for the quarter, compared to analysts’ expectations of $51.16 million. As a group, analysts forecast that Docebo will post 0.92 EPS for the current fiscal year.

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.