Docebo Inc. (DCBO) - What Are Analysts Thinking About This Stock?

Key Points

• Analysts maintain a Moderate Buy consensus on Docebo, with 10 buy ratings, four holds and one strong buy. The average 12-month price target is $30.18, though some firms recently lowered or downgraded their assessments.
• Institutional investors own 53.17% of Docebo’s shares, with several hedge funds recently initiating or expanding positions.
• Docebo shares opened at $28.16, near their 52-week high of $28.89. The company beat quarterly earnings expectations with $0.35 per share versus $0.27 forecast, but revenue of $63.8 million fell short of the $67.14 million estimate.

Shares of Docebo Inc. (NASDAQ:DCBO - Get Free Report) have been given a consensus rating of "Moderate Buy" by the fifteen research firms that are presently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $30.18.

Several equities research analysts recently commented on DCBO shares. ATB Cormark Capital Markets cut their price objective on shares of Docebo from $36.00 to $35.00 and set an "outperform" rating on the stock in a research report on Monday, July 20th. Weiss Ratings upgraded Docebo from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, October 8th. Needham & Company LLC reissued a "buy" rating and issued a $31.00 price target on shares of Docebo in a research note on Friday, July 17th. Zacks Research raised Docebo from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 19th. Finally, Wall Street Zen lowered Docebo from a "buy" rating to a "hold" rating in a report on Saturday.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Allworth Financial LP bought a new stake in Docebo in the 2nd quarter valued at approximately $52,000. NewEdge Advisors LLC grew its stake in shares of Docebo by 1,101.5% during the 1st quarter. NewEdge Advisors LLC now owns 3,977 shares of the company's stock worth $69,000 after acquiring an additional 3,646 shares in the last quarter. State of Wyoming bought a new position in shares of Docebo during the 2nd quarter worth approximately $137,000. DGS Capital Management LLC bought a new position in shares of Docebo during the 1st quarter worth approximately $178,000. Finally, K2 Principal Fund L.P. acquired a new stake in shares of Docebo in the second quarter valued at approximately $303,000. 53.17% of the stock is currently owned by institutional investors.

Docebo Stock Performance

Shares of DCBO stock opened at $28.16 on Tuesday. The company has a market capitalization of $705.41 million, a P/E ratio of 24.70 and a beta of 1.22. The company's 50 day moving average price is $24.31 and its two-hundred day moving average price is $20.42. Docebo has a 52 week low of $14.39 and a 52 week high of $28.89.

Docebo (NASDAQ:DCBO - Get Free Report) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.08. Docebo had a net margin of 12.98% and a return on equity of 120.29%. The firm had revenue of $63.80 million for the quarter, compared to analyst estimates of $67.14 million. Analysts forecast that Docebo will post 1.44 earnings per share for the current year.

About Docebo

Docebo Inc develops cloud-based learning management software for businesses and other organizations. Its platform is designed to help companies create, manage and deliver employee, customer, partner and member education through online learning programs.

The Docebo Learning Platform includes tools for course administration, content creation and management, assessments, reporting, automation and artificial intelligence. It also supports extended-enterprise learning, enabling organizations to provide training to audiences outside their workforce.

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