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

Docebo Inc. (NASDAQ:DCBO - Get Free Report) has received a consensus rating of "Moderate Buy" from the nine research firms that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $44.13.

Several brokerages have recently commented on DCBO. Cantor Fitzgerald began coverage on shares of Docebo in a research report on Monday. They issued an "overweight" rating and a $35.00 target price for the company. Atb Cap Markets cut shares of Docebo from a "strong-buy" rating to a "hold" rating in a research note on Sunday, May 11th. Needham & Company LLC restated a "buy" rating and set a $42.00 target price on shares of Docebo in a research note on Thursday, April 10th. National Bank Financial downgraded Docebo from an "outperform" rating to a "sector perform" rating in a report on Friday, May 9th. Finally, UBS Group set a $45.00 price target on Docebo in a research note on Tuesday, March 4th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Y Intercept Hong Kong Ltd bought a new stake in Docebo during the 4th quarter worth $348,000. Jane Street Group LLC acquired a new stake in shares of Docebo during the fourth quarter valued at about $621,000. Millennium Management LLC boosted its stake in shares of Docebo by 128.2% during the fourth quarter. Millennium Management LLC now owns 78,616 shares of the company's stock valued at $3,521,000 after purchasing an additional 44,162 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Docebo by 102.1% during the fourth quarter. Russell Investments Group Ltd. now owns 28,689 shares of the company's stock worth $1,285,000 after purchasing an additional 14,496 shares during the last quarter. Finally, Deutsche Bank AG acquired a new position in shares of Docebo in the fourth quarter valued at approximately $242,000. 53.17% of the stock is currently owned by institutional investors and hedge funds.

Docebo Price Performance

Shares of NASDAQ:DCBO traded down $0.68 during trading on Friday, reaching $27.37. 49,413 shares of the company traded hands, compared to its average volume of 78,569. The firm has a market capitalization of $811.06 million, a PE ratio of 47.19 and a beta of 1.48. Docebo has a 52 week low of $25.50 and a 52 week high of $53.86. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The company's 50 day moving average is $28.55 and its two-hundred day moving average is $36.51.

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.