Docebo Inc. (NASDAQ:DCBO) Receives $57.36 Average Price Target from Analysts

Shares of Docebo Inc. (NASDAQ:DCBO) have received a consensus recommendation of “Moderate Buy” from the twelve research firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $57.36.

A number of equities analysts have recently commented on the company. Craig Hallum raised their price objective on Docebo from $58.00 to $62.00 and gave the stock a “buy” rating in a report on Monday, November 11th. CIBC increased their price objective on shares of Docebo from $44.00 to $52.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Needham & Company LLC boosted their price target on Docebo from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Atb Cap Markets downgraded shares of Docebo from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. Finally, Scotiabank lifted their price target on Docebo from $50.00 to $55.00 and gave the stock a “sector outperform” rating in a research note on Thursday, October 24th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Plato Investment Management Ltd acquired a new stake in Docebo in the 3rd quarter valued at approximately $35,000. Barclays PLC purchased a new stake in shares of Docebo during the third quarter valued at $142,000. Point72 Asset Management L.P. acquired a new position in shares of Docebo in the second quarter worth about $189,000. Riverwater Partners LLC acquired a new position in Docebo in the 3rd quarter worth approximately $200,000. Finally, Pathway Financial Advisors LLC purchased a new position in shares of Docebo during the third quarter valued at $221,000. 53.17% of the stock is owned by institutional investors and hedge funds.

Docebo Price Performance

NASDAQ:DCBO opened at $42.22 on Wednesday. Docebo has a 12-month low of $33.81 and a 12-month high of $56.41. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 72.79 and a beta of 1.56. The company’s 50-day moving average is $47.76 and its two-hundred day moving average is $43.90. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01.

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.