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

Key Points

• Docebo Inc. has received an average rating of "Moderate Buy" from analysts, with four holding ratings and six buy ratings from the ten covering firms.
• The current average twelve-month price target for Docebo stock is $44.1250, reflecting analyst projections over the last year.
• Institutional investors hold 53.17% of Docebo's stock, indicating significant interest from large stakeholders, with companies like Long Path Partners increasing their investments in the firm.

Shares of Docebo Inc. (NASDAQ:DCBO - Get Free Report) have been given a consensus rating of "Moderate Buy" by the nine research firms that are presently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $43.00.

Several equities research analysts recently issued reports on DCBO shares. Wall Street Zen upgraded Docebo from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Zacks Research upgraded Docebo to a "hold" rating in a research note on Friday, August 8th. Finally, Cantor Fitzgerald started coverage on Docebo in a research note on Monday, June 9th. They set an "overweight" rating and a $35.00 price objective for the company.

Institutional Investors Weigh In On Docebo

A number of hedge funds have recently modified their holdings of DCBO. Warburg Pincus LLC grew its holdings in shares of Docebo by 11.1% in the first quarter. Warburg Pincus LLC now owns 3,630,715 shares of the company's stock valued at $104,238,000 after purchasing an additional 362,840 shares during the period. Mackenzie Financial Corp boosted its stake in Docebo by 4,534.3% during the fourth quarter. Mackenzie Financial Corp now owns 322,454 shares of the company's stock worth $14,444,000 after buying an additional 315,496 shares during the period. Long Path Partners LP boosted its stake in Docebo by 30.5% during the second quarter. Long Path Partners LP now owns 1,176,750 shares of the company's stock worth $34,055,000 after buying an additional 275,176 shares during the period. Beutel Goodman & Co Ltd. purchased a new position in Docebo during the second quarter worth about $7,189,000. Finally, Royal Bank of Canada boosted its stake in shares of Docebo by 467.1% in the first quarter. Royal Bank of Canada now owns 158,340 shares of the company's stock valued at $4,546,000 after purchasing an additional 130,419 shares during the period. 53.17% of the stock is currently owned by institutional investors and hedge funds.

Docebo Price Performance

DCBO traded down $0.23 during midday trading on Monday, hitting $30.39. 9,873 shares of the company traded hands, compared to its average volume of 87,568. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $873.10 million, a price-to-earnings ratio of 44.03 and a beta of 1.48. Docebo has a 52-week low of $25.50 and a 52-week high of $53.86. The business has a 50 day simple moving average of $30.64 and a two-hundred day simple moving average of $29.43.

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.