Brokerages Set Docebo Inc. (NASDAQ:DCBO) PT at $44.13

Key Points

• Docebo Inc. received a consensus recommendation of "Moderate Buy" from nine brokerages, with three holding the stock and six issuing buy recommendations.
• The average 12-month price target for Docebo stock among analysts is $44.13, reflecting varied opinions on its future performance.
• Major institutional investors have increased their stakes in Docebo recently, indicating significant support for the company, with 53.17% of the stock owned by institutional investors and hedge funds.

Docebo Inc. (NASDAQ:DCBO - Get Free Report) has received an average rating of "Moderate Buy" from the nine analysts that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $44.13.

Several research firms have issued reports on DCBO. Needham & Company LLC restated a "buy" rating and set a $42.00 target price on shares of Docebo in a research report on Thursday, April 10th. Morgan Stanley cut shares of 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, May 12th. Wall Street Zen cut shares of Docebo from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. National Bankshares decreased their price target on shares of Docebo from $55.00 to $45.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Finally, Atb Cap Markets cut shares of Docebo from a "strong-buy" rating to a "hold" rating in a report on Sunday, May 11th.

Institutional Trading of Docebo

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new position in shares of Docebo during the fourth quarter worth approximately $621,000. Rice Hall James & Associates LLC lifted its stake in shares of Docebo by 30.6% during the first quarter. Rice Hall James & Associates LLC now owns 143,949 shares of the company's stock worth $4,133,000 after buying an additional 33,759 shares during the period. Millennium Management LLC lifted 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 worth $3,521,000 after buying an additional 44,162 shares during the period. Russell Investments Group Ltd. raised 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 purchased a new position in shares of Docebo during the fourth quarter worth $242,000. 53.17% of the stock is owned by hedge funds and other institutional investors.

Docebo Stock Up 0.8%

Docebo stock traded up $0.24 during trading on Friday, hitting $30.42. The stock had a trading volume of 6,055 shares, compared to its average volume of 86,113. Docebo has a 1 year low of $25.50 and a 1 year high of $53.86. The stock's 50 day moving average is $28.20 and its two-hundred day moving average is $32.03. The stock has a market cap of $876.21 million, a price-to-earnings ratio of 41.11 and a beta of 1.48.

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.