Docebo Inc. (NASDAQ:DCBO) Receives Average Rating of "Moderate Buy" from Analysts

Docebo Inc. (NASDAQ:DCBO - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the nine research firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $46.63.

A number of analysts have weighed in on DCBO shares. Needham & Company LLC reaffirmed a "buy" rating and set a $42.00 price objective on shares of Docebo in a research report on Thursday, April 10th. Scotiabank cut their price target on Docebo from $45.00 to $40.00 and set a "sector outperform" rating for the company in a research note on Monday. Morgan Stanley downgraded Docebo from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $41.00 to $32.00 in a report on Monday. National Bankshares dropped their price objective on shares of Docebo from $55.00 to $45.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Finally, Atb Cap Markets upgraded shares of Docebo from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th.

Docebo Price Performance

Shares of DCBO opened at $25.85 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.13 and a current ratio of 1.13. Docebo has a fifty-two week low of $25.50 and a fifty-two week high of $53.86. The firm has a 50-day simple moving average of $29.92 and a 200-day simple moving average of $39.60. The company has a market capitalization of $767.46 million, a price-to-earnings ratio of 44.57 and a beta of 1.57.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its stake in shares of Docebo by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 40,903 shares of the company's stock worth $1,832,000 after acquiring an additional 360 shares in the last quarter. Grandeur Peak Global Advisors LLC boosted its position in Docebo by 3.6% during the fourth quarter. Grandeur Peak Global Advisors LLC now owns 11,525 shares of the company's stock worth $517,000 after purchasing an additional 400 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in Docebo by 46.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,983 shares of the company's stock valued at $134,000 after purchasing an additional 949 shares during the last quarter. Advisory Services Network LLC grew its holdings in Docebo by 10.5% in the fourth quarter. Advisory Services Network LLC now owns 16,065 shares of the company's stock valued at $720,000 after purchasing an additional 1,526 shares during the last quarter. Finally, Jump Financial LLC increased its position in shares of Docebo by 33.3% in the fourth quarter. Jump Financial LLC now owns 8,320 shares of the company's stock valued at $372,000 after buying an additional 2,080 shares in the last quarter. 53.17% of the stock is owned by hedge funds and other institutional investors.

Docebo Company Profile

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.

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