Docebo Inc. (NASDAQ:DCBO) Receives $46.63 Average Target Price from Analysts

Shares of Docebo Inc. (NASDAQ:DCBO - Get Free Report) have earned an average rating of "Moderate Buy" from the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $45.43.

Several equities analysts recently issued reports on DCBO shares. National Bankshares decreased their target price on shares of Docebo from $55.00 to $45.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Atb Cap Markets lowered shares of Docebo from a "strong-buy" rating to a "hold" rating in a report on Sunday, May 11th. Morgan Stanley downgraded shares of Docebo from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $41.00 to $32.00 in a research note on Monday, May 12th. UBS Group set a $45.00 target price on shares of Docebo in a research note on Tuesday, March 4th. Finally, National Bank Financial lowered shares of Docebo from an "outperform" rating to a "sector perform" rating in a research note on Friday, May 9th.

Docebo Stock Performance

Shares of DCBO traded up $0.27 during trading hours on Tuesday, hitting $26.71. The stock had a trading volume of 116,102 shares, compared to its average volume of 85,356. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a 50-day moving average price of $29.59 and a 200 day moving average price of $39.06. Docebo has a fifty-two week low of $25.50 and a fifty-two week high of $53.86. The firm has a market capitalization of $791.50 million, a price-to-earnings ratio of 46.05 and a beta of 1.57.

Institutional Trading of Docebo

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Y Intercept Hong Kong Ltd acquired a new position in shares of Docebo in the 4th quarter valued at $348,000. Barclays PLC purchased a new stake in shares of Docebo in the 3rd quarter worth about $142,000. Russell Investments Group Ltd. lifted its holdings in Docebo by 102.1% in the 4th quarter. Russell Investments Group Ltd. now owns 28,689 shares of the company's stock valued at $1,285,000 after purchasing an additional 14,496 shares in the last quarter. Alberta Investment Management Corp lifted its holdings in Docebo by 47.9% in the 4th quarter. Alberta Investment Management Corp now owns 57,279 shares of the company's stock valued at $2,567,000 after purchasing an additional 18,544 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Docebo during the 4th quarter worth about $132,000. Institutional investors and hedge funds 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.