Analysts Set Docebo Inc. (NASDAQ:DCBO) PT at $55.58

Shares of Docebo Inc. (NASDAQ:DCBO) have been assigned an average recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $55.58.

A number of brokerages have recently issued reports on DCBO. Needham & Company LLC reissued a “buy” rating and set a $50.00 price objective (up previously from $45.00) on shares of Docebo in a research report on Thursday, September 12th. CIBC boosted their price target on shares of Docebo from $44.00 to $52.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Finally, Craig Hallum initiated coverage on shares of Docebo in a research note on Friday, June 7th. They issued a “buy” rating and a $58.00 price target on the stock.

Institutional Trading of Docebo

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Aristides Capital LLC purchased a new stake in Docebo in the 2nd quarter worth about $277,000. Point72 Asset Management L.P. bought a new position in Docebo in the 2nd quarter worth about $189,000. The Manufacturers Life Insurance Company grew its stake in Docebo by 0.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 196,588 shares of the company’s stock worth $7,581,000 after acquiring an additional 1,058 shares in the last quarter. Millennium Management LLC grew its stake in Docebo by 43.0% in the 2nd quarter. Millennium Management LLC now owns 179,685 shares of the company’s stock worth $6,940,000 after acquiring an additional 54,057 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in Docebo by 196.3% in the 2nd quarter. Marshall Wace LLP now owns 142,507 shares of the company’s stock worth $5,505,000 after acquiring an additional 94,414 shares in the last quarter. 53.17% of the stock is owned by hedge funds and other institutional investors.

Docebo Trading Up 2.3 %

NASDAQ:DCBO opened at $43.36 on Monday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.01. Docebo has a 12 month low of $33.81 and a 12 month high of $56.41. The company has a market cap of $1.31 billion, a PE ratio of 197.09 and a beta of 1.55. The company has a 50 day simple moving average of $42.13 and a two-hundred day simple moving average of $41.61.

Docebo (NASDAQ:DCBO) last posted its earnings results on Thursday, August 8th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). Docebo had a return on equity of 29.82% and a net margin of 8.56%. The company had revenue of $53.05 million during the quarter, compared to the consensus estimate of $52.30 million. Research analysts forecast that Docebo will post 0.79 earnings per share for the current 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.