Docebo Inc. (NASDAQ:DCBO) Stock Has Consensus Price Target of $31.23

Key Points

• Analyst sentiment is moderately bullish: Sixteen analysts rate Docebo “Moderate Buy,” including eleven buys, four holds and one strong buy. The consensus 12-month price target is $31.23.
• Docebo reported quarterly EPS of $0.35, beating the $0.27 consensus estimate, while revenue of $63.8 million fell short of the $67.14 million forecast.
• The stock opened at $22.37, with a market capitalization of approximately $557 million and a 52-week trading range of $14.39 to $28.78. Institutional investors and hedge funds own 53.17% of outstanding shares.

Shares of Docebo Inc. (NASDAQ:DCBO - Get Free Report) have earned an average rating of "Moderate Buy" from the sixteen research firms that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $31.23.

DCBO has been the subject of a number of recent research reports. ATB Cormark Capital Markets lowered their target price on Docebo from $36.00 to $35.00 and set an "outperform" rating for the company in a report on Monday, July 20th. Zacks Research raised Docebo from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 19th. Weiss Ratings upgraded Docebo from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, September 2nd. Wall Street Zen raised Docebo from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Finally, National Bank Financial raised their price objective 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.

Docebo Stock Performance

Shares of Docebo stock opened at $22.37 on Friday. The company's 50 day moving average price is $22.84 and its two-hundred day moving average price is $19.70. The firm has a market capitalization of $557.01 million, a P/E ratio of 19.62 and a beta of 1.23. Docebo has a fifty-two week low of $14.39 and a fifty-two week high of $28.78. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.83 and a quick ratio of 0.83.

Docebo (NASDAQ:DCBO - Get Free Report) last announced its quarterly 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 net margin of 12.98% and a return on equity of 120.29%. The company had revenue of $63.80 million during the quarter, compared to the consensus estimate of $67.14 million. On average, equities analysts forecast that Docebo will post 1.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Docebo

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP acquired a new position in shares of Docebo during the second quarter worth $52,000. NewEdge Advisors LLC raised its position in 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 purchasing an additional 3,646 shares during the last quarter. State of Wyoming acquired a new position in Docebo during the 2nd quarter worth about $137,000. DGS Capital Management LLC acquired a new position in Docebo during the 1st quarter worth about $178,000. Finally, K2 Principal Fund L.P. bought a new stake in shares of Docebo in the 2nd quarter valued at about $303,000. 53.17% of the stock is currently owned by institutional investors and hedge funds.

About Docebo

Docebo Inc develops cloud-based learning management and learning technology solutions for businesses and other organizations. Its platform is designed to help companies create, deliver, manage and measure employee, customer and partner training programs through online and blended learning.

The Docebo Learning Platform includes tools for course administration, content management, virtual and social learning, assessments, reporting and analytics. The company also offers capabilities focused on artificial intelligence, learning-content creation, skills development and measuring the impact of training.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.