Short Interest in Docebo Inc. (NASDAQ:DCBO) Expands By 6.4%

Docebo Inc. (NASDAQ:DCBO) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totalling 193,500 shares, a growth of 6.4% from the August 31st total of 181,900 shares. Approximately 1.4% of the company’s stock are short sold. Based on an average daily volume of 71,600 shares, the short-interest ratio is presently 2.7 days.

Hedge Funds Weigh In On Docebo

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. purchased a new stake in Docebo in the 4th quarter valued at approximately $48,000. Point72 Asset Management L.P. acquired a new position in shares of Docebo in the second quarter valued at approximately $189,000. Virtu Financial LLC purchased a new position in shares of Docebo during the fourth quarter valued at approximately $262,000. XTX Topco Ltd acquired a new stake in Docebo during the second quarter worth approximately $264,000. Finally, Aristides Capital LLC purchased a new stake in Docebo in the second quarter valued at approximately $277,000. Institutional investors and hedge funds own 53.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on DCBO shares. Needham & Company LLC reiterated a “buy” rating and set a $50.00 target price (up from $45.00) on shares of Docebo in a report on Thursday, September 12th. Craig Hallum initiated coverage on Docebo in a report on Friday, June 7th. They issued a “buy” rating and a $58.00 target price for the company. Finally, CIBC upped their price target on Docebo from $44.00 to $52.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $55.58.

Docebo Stock Performance

Shares of DCBO stock traded down $0.68 during trading hours on Tuesday, reaching $43.52. 13,347 shares of the company’s stock were exchanged, compared to its average volume of 96,127. The company’s 50 day moving average is $41.84 and its two-hundred day moving average is $41.66. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market cap of $1.32 billion, a P/E ratio of 200.91 and a beta of 1.55. Docebo has a 1 year low of $33.81 and a 1 year high of $56.41.

Docebo (NASDAQ:DCBO) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.19 EPS 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 analysts’ expectations of $52.30 million. Equities research analysts anticipate that Docebo will post 0.79 EPS for the current fiscal year.

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.