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

Key Points

• Docebo Inc. has received a consensus recommendation of "Moderate Buy" from analysts, with four hold ratings and six buy ratings among the ten brokerages covering the stock.
• The average twelve-month target price for Docebo's shares is $44.13, although several analysts have recently adjusted their targets downward.
• The stock recently opened at $29.75 and has a market capitalization of approximately $854.72 million, reflecting its current trading position and valuation metrics.

Docebo Inc. (NASDAQ:DCBO - Get Free Report) has been assigned an average rating of "Moderate Buy" from the ten ratings firms that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $44.1250.

Several research firms recently commented on DCBO. Cantor Fitzgerald began coverage on Docebo in a research note on Monday, June 9th. They set an "overweight" rating and a $35.00 target price for the company. Atb Cap Markets cut Docebo from a "strong-buy" rating to a "hold" rating in a research note on Sunday, May 11th. Scotiabank lowered their target price on Docebo from $45.00 to $40.00 and set a "sector outperform" rating for the company in a research note on Monday, May 12th. National Bank Financial cut Docebo from an "outperform" rating to a "sector perform" rating in a research note on Friday, May 9th. Finally, Zacks Research raised Docebo to a "hold" rating in a research note on Friday, August 8th.

Docebo Trading Up 1.4%

Shares of NASDAQ DCBO traded up $0.44 during trading on Thursday, reaching $31.11. The stock had a trading volume of 95,855 shares, compared to its average volume of 97,326. Docebo has a fifty-two week low of $25.50 and a fifty-two week high of $53.86. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.04 and a current ratio of 1.04. The business's 50-day moving average price is $29.60 and its 200-day moving average price is $30.57. The company has a market cap of $893.79 million, a P/E ratio of 45.09 and a beta of 1.48.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Topline Capital Management LLC acquired a new position in shares of Docebo during the 2nd quarter worth about $1,599,000. Man Group plc boosted its position in shares of Docebo by 118.8% during the 2nd quarter. Man Group plc now owns 131,699 shares of the company's stock worth $3,810,000 after acquiring an additional 71,499 shares in the last quarter. Lazard Asset Management LLC boosted its position in shares of Docebo by 15.8% during the 2nd quarter. Lazard Asset Management LLC now owns 71,650 shares of the company's stock worth $2,073,000 after acquiring an additional 9,759 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Docebo by 10.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 26,560 shares of the company's stock worth $769,000 after acquiring an additional 2,607 shares in the last quarter. Finally, Balyasny Asset Management L.P. boosted its position in shares of Docebo by 55.8% during the 2nd quarter. Balyasny Asset Management L.P. now owns 14,034 shares of the company's stock worth $406,000 after acquiring an additional 5,029 shares in the last quarter. 53.17% of the stock is owned by institutional investors and hedge funds.

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.