Docebo (NASDAQ:DCBO) Price Target Raised to $55.00

Docebo (NASDAQ:DCBO) had its price target boosted by Scotiabank from $50.00 to $55.00 in a research report released on Thursday, Marketbeat.com reports. The firm currently has a sector outperform rating on the stock.

Other equities research analysts have also recently issued reports about the stock. CIBC increased their price objective on shares of Docebo from $44.00 to $52.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Needham & Company LLC restated a “buy” rating and issued a $50.00 price target (up from $45.00) on shares of Docebo in a report on Thursday, September 12th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Docebo has an average rating of “Moderate Buy” and a consensus price target of $56.00.

Docebo Stock Performance

DCBO opened at $46.06 on Thursday. Docebo has a twelve month low of $33.81 and a twelve month high of $56.41. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.01. The company has a fifty day moving average of $43.86 and a 200-day moving average of $41.03. The stock has a market cap of $1.39 billion, a PE ratio of 209.36 and a beta of 1.55.

Docebo (NASDAQ:DCBO) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). Docebo had a return on equity of 29.82% and a net margin of 8.56%. The firm had revenue of $53.05 million for the quarter, compared to analyst estimates of $52.30 million. On average, sell-side analysts predict that Docebo will post 0.79 EPS for the current year.

Institutional Trading of Docebo

Several hedge funds have recently added to or reduced their stakes in DCBO. PNC Financial Services Group Inc. bought a new stake in Docebo in the fourth quarter worth about $48,000. Point72 Asset Management L.P. bought a new stake in Docebo in the second quarter worth about $189,000. Riverwater Partners LLC bought a new stake in Docebo in the third quarter worth about $200,000. Pathway Financial Advisors LLC bought a new stake in Docebo in the third quarter worth about $221,000. Finally, XTX Topco Ltd purchased a new position in shares of Docebo in the second quarter worth about $264,000. Institutional investors own 53.17% of the company’s stock.

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.