Docebo Inc. (NASDAQ:DCBO) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analyst sentiment is moderately bullish: Of 16 firms covering Docebo, 11 rate it a buy and one rates it a strong buy, versus three holds and one sell. The average 12-month price target is $31.23, above the reported share price of $25.59.
• Docebo reported quarterly EPS of $0.35, exceeding the $0.27 consensus estimate, though revenue of $63.8 million fell short of the $67.14 million forecast. Analysts expect full-year EPS of $1.44.
• Institutional investors and hedge funds own 53.17% of Docebo’s shares, with several firms recently initiating or increasing positions. The stock has traded between $14.39 and $31.96 over the past year.

Docebo Inc. (NASDAQ:DCBO - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the sixteen research firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $31.2308.

A number of research firms recently commented on DCBO. Wall Street Zen raised Docebo from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. ATB Cormark Capital Markets lowered their price target on shares of Docebo from $36.00 to $35.00 and set an "outperform" rating for the company in a report on Monday, July 20th. Needham & Company LLC reaffirmed a "buy" rating and issued a $31.00 price objective on shares of Docebo in a research note on Friday, July 17th. Zacks Research upgraded shares of Docebo from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 19th. Finally, National Bank Financial boosted their target price on shares of Docebo from $22.00 to $24.00 and gave the company a "sector perform" rating in a report on Monday, August 10th.

Hedge Funds Weigh In On Docebo

Several institutional investors have recently added to or reduced their stakes in DCBO. Northwest & Ethical Investments L.P. bought a new stake in shares of Docebo in the 4th quarter valued at $27,000. Allworth Financial LP bought a new position in Docebo during the second quarter worth $52,000. State of Wyoming acquired a new stake in Docebo in the fourth quarter worth $72,000. Deutsche Bank AG grew its holdings in Docebo by 33.2% in the fourth quarter. Deutsche Bank AG now owns 3,533 shares of the company's stock worth $78,000 after purchasing an additional 881 shares during the period. Finally, NewEdge Advisors LLC increased its stake in Docebo by 1,101.5% in the first quarter. NewEdge Advisors LLC now owns 3,977 shares of the company's stock valued at $69,000 after purchasing an additional 3,646 shares in the last quarter. 53.17% of the stock is owned by institutional investors and hedge funds.

Docebo Stock Performance

Shares of Docebo stock opened at $25.59 on Monday. The stock has a market cap of $636.94 million, a price-to-earnings ratio of 22.45 and a beta of 1.24. Docebo has a twelve month low of $14.39 and a twelve month high of $31.96. The company's fifty day moving average is $20.51 and its 200 day moving average is $18.88. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.03.

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

Docebo Company Profile

Docebo is a cloud-based learning management system (LMS) provider that offers enterprise organizations a comprehensive platform for employee, customer and partner training. The company's software is designed to streamline learning and development with features such as AI-powered content recommendations, automated learning paths and social collaboration tools. Docebo's platform supports multiple languages and integrates with a variety of third-party applications, enabling businesses to deliver training at scale across different departments and regions.

Founded in 2005 and headquartered in Toronto, Canada, Docebo has expanded its footprint to serve customers in North America, Europe, the Middle East and the Asia Pacific region.

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