Docebo (NASDAQ:DCBO) Price Target Increased to $55.00 by Analysts at Scotiabank

Docebo (NASDAQ:DCBO) had its price target raised by Scotiabank from $50.00 to $55.00 in a research note released on Thursday morning, Marketbeat Ratings reports. They currently have a sector outperform rating on the stock.

A number of other brokerages also recently weighed in on DCBO. Needham & Company LLC reissued a “buy” rating and set a $50.00 price target (up previously from $45.00) on shares of Docebo in a research report on Thursday, September 12th. CIBC boosted their price target on Docebo from $44.00 to $52.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Docebo presently has an average rating of “Moderate Buy” and a consensus price target of $56.00.

Docebo Stock Up 0.5 %

Shares of Docebo stock traded up $0.22 during trading on Thursday, reaching $46.28. The stock had a trading volume of 3,599 shares, compared to its average volume of 90,538. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 209.36 and a beta of 1.55. The stock has a fifty day moving average price of $43.78 and a two-hundred day moving average price of $41.13. Docebo has a 52 week low of $33.81 and a 52 week high of $56.41. 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 (NASDAQ:DCBO) last issued its quarterly 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 net margin of 8.56% and a return on equity of 29.82%. The firm had revenue of $53.05 million during the quarter, compared to the consensus estimate of $52.30 million. Sell-side analysts predict that Docebo will post 0.79 EPS for the current fiscal year.

Institutional Trading of Docebo

Several large investors have recently made changes to their positions in DCBO. PNC Financial Services Group Inc. acquired a new stake in shares of Docebo in the 4th quarter valued at about $48,000. Swiss National Bank lifted its position in shares of Docebo by 5.3% during the 1st quarter. Swiss National Bank now owns 30,225 shares of the company’s stock worth $1,477,000 after buying an additional 1,525 shares in the last quarter. Lord Abbett & CO. LLC raised its holdings in shares of Docebo by 54.4% in the 1st quarter. Lord Abbett & CO. LLC now owns 149,590 shares of the company’s stock worth $7,327,000 after purchasing an additional 52,681 shares during the period. Acadian Asset Management LLC raised its holdings in shares of Docebo by 109.0% in the 1st quarter. Acadian Asset Management LLC now owns 53,497 shares of the company’s stock worth $2,611,000 after purchasing an additional 27,897 shares during the period. Finally, Hillsdale Investment Management Inc. raised its holdings in shares of Docebo by 19.3% in the 1st quarter. Hillsdale Investment Management Inc. now owns 738,692 shares of the company’s stock worth $36,129,000 after purchasing an additional 119,434 shares during the period. 53.17% of the stock is currently owned by institutional investors and hedge funds.

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.