Docebo Inc. (NASDAQ:DCBO) Receives $44.13 Consensus Price Target from Brokerages

Docebo Inc. (NASDAQ:DCBO - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the nine brokerages that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $44.13.

Several equities research analysts recently commented on DCBO shares. Cantor Fitzgerald started coverage on shares of Docebo in a research report on Monday, June 9th. They issued an "overweight" rating and a $35.00 price objective on the stock. Needham & Company LLC reissued a "buy" rating and issued a $42.00 target price on shares of Docebo in a research note on Thursday, April 10th. Morgan Stanley downgraded shares of Docebo from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $41.00 to $32.00 in a research note on Monday, May 12th. National Bank Financial downgraded shares of Docebo from an "outperform" rating to a "sector perform" rating in a research note on Friday, May 9th. Finally, Atb Cap Markets downgraded shares of Docebo from a "strong-buy" rating to a "hold" rating in a research note on Sunday, May 11th.

Docebo Stock Up 2.3%

DCBO stock traded up $0.66 on Wednesday, reaching $29.43. 24,624 shares of the company's stock were exchanged, compared to its average volume of 79,320. The firm has a market cap of $853.76 million, a PE ratio of 39.77 and a beta of 1.48. Docebo has a twelve month low of $25.50 and a twelve month high of $53.86. The stock has a fifty day moving average of $27.94 and a 200-day moving average of $33.79.

Hedge Funds Weigh In On Docebo

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Warburg Pincus LLC boosted its holdings in Docebo by 11.1% in the 1st quarter. Warburg Pincus LLC now owns 3,630,715 shares of the company's stock worth $104,238,000 after acquiring an additional 362,840 shares during the period. Long Path Partners LP boosted its holdings in Docebo by 21.8% in the 1st quarter. Long Path Partners LP now owns 901,574 shares of the company's stock worth $25,884,000 after acquiring an additional 161,519 shares during the period. Hillsdale Investment Management Inc. boosted its holdings in Docebo by 207.6% in the 4th quarter. Hillsdale Investment Management Inc. now owns 611,085 shares of the company's stock worth $27,372,000 after acquiring an additional 412,403 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Docebo by 44.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 435,548 shares of the company's stock worth $19,504,000 after acquiring an additional 134,867 shares during the period. Finally, Artisan Partners Limited Partnership purchased a new position in Docebo in the 4th quarter worth approximately $17,163,000. Hedge funds and other institutional investors own 53.17% of the company's stock.

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.