Docebo Inc. (NASDAQ:DCBO) Receives $57.36 Consensus PT from Brokerages

Shares of Docebo Inc. (NASDAQ:DCBO) have received a consensus rating of “Moderate Buy” from the twelve research firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $57.36.

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

Institutional Investors Weigh In On Docebo

A number of large investors have recently made changes to their positions in DCBO. Wellington Management Group LLP lifted its position in Docebo by 1,047.0% during the 3rd quarter. Wellington Management Group LLP now owns 599,976 shares of the company’s stock worth $26,518,000 after acquiring an additional 547,666 shares during the period. Luxor Capital Group LP purchased a new position in shares of Docebo in the third quarter worth about $9,071,000. Warburg Pincus LLC lifted its holdings 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 during the period. Rice Hall James & Associates LLC purchased a new stake in Docebo in the third quarter valued at approximately $3,907,000. Finally, Intact Investment Management Inc. acquired a new position in Docebo in the 3rd quarter worth approximately $3,319,000. 53.17% of the stock is owned by hedge funds and other institutional investors.

Docebo Stock Up 1.4 %

Shares of NASDAQ DCBO opened at $41.74 on Friday. Docebo has a 12-month low of $33.81 and a 12-month high of $56.41. The stock’s fifty day simple moving average is $45.53 and its two-hundred day simple moving average is $44.50. The stock has a market capitalization of $1.26 billion, a PE ratio of 71.97 and a beta of 1.55. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01.

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.