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

Key Points

• Analysts give Docebo a consensus rating of “Moderate Buy” from 16 brokerages (10 buy, 2 strong-buy, 3 hold, 1 sell) with an average 1-year price target of $30.92.
• The stock is trading near $18.60 (1‑year range $14.39–$33.70), roughly 40% below the average analyst target, with a market cap of about $478 million and a P/E of 14.65.
• Institutional investors own 53.17% of Docebo’s shares, and several hedge funds recently increased or initiated positions, indicating notable institutional interest.

Shares of Docebo Inc. (NASDAQ:DCBO - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the sixteen brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $30.9167.

Several analysts recently commented on DCBO shares. Craig Hallum restated a "buy" rating and set a $38.00 price target on shares of Docebo in a report on Monday, March 2nd. TD Securities upgraded shares of Docebo to a "strong-buy" rating in a research report on Thursday, January 15th. Cantor Fitzgerald reissued an "overweight" rating and set a $28.00 target price on shares of Docebo in a research note on Wednesday, April 22nd. National Bank Financial lowered their price target on shares of Docebo from $31.00 to $24.00 and set a "sector perform" rating on the stock in a report on Thursday, January 22nd. Finally, Wall Street Zen raised shares of Docebo from a "buy" rating to a "strong-buy" rating in a research note on Sunday, March 8th.

Hedge Funds Weigh In On Docebo

A number of hedge funds have recently added to or reduced their stakes in the company. Northwest & Ethical Investments L.P. acquired a new position in shares of Docebo during the 4th quarter worth $27,000. State of Wyoming bought a new stake in Docebo in the fourth quarter worth $72,000. Deutsche Bank AG increased its position in Docebo by 33.2% during the fourth quarter. Deutsche Bank AG now owns 3,533 shares of the company's stock worth $78,000 after buying an additional 881 shares during the last quarter. TD Waterhouse Canada Inc. increased its position in Docebo by 39.5% during the third quarter. TD Waterhouse Canada Inc. now owns 6,380 shares of the company's stock worth $172,000 after buying an additional 1,805 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Docebo by 46.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,063 shares of the company's stock valued at $193,000 after buying an additional 2,248 shares in the last quarter. Institutional investors and hedge funds own 53.17% of the company's stock.

Docebo Stock Performance

Shares of DCBO stock opened at $18.60 on Tuesday. Docebo has a 1-year low of $14.39 and a 1-year high of $33.70. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $478.02 million, a price-to-earnings ratio of 14.65 and a beta of 1.40. The stock's fifty day simple moving average is $17.85 and its 200-day simple moving average is $20.64.

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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