Docebo Inc. (NASDAQ:DCBO) Receives Average Recommendation of "Moderate Buy" from Brokerages

Shares of Docebo Inc. (NASDAQ:DCBO - Get Free Report) have been assigned an average rating of "Moderate Buy" from the eleven research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $61.60.

DCBO has been the subject of several analyst reports. Morgan Stanley upped their price objective on Docebo from $63.00 to $67.00 and gave the stock an "overweight" rating in a research note on Monday, February 26th. Canaccord Genuity Group upped their price objective on Docebo from $50.00 to $65.00 and gave the stock a "buy" rating in a research note on Monday, February 26th. Stifel Nicolaus upped their price objective on Docebo from $60.00 to $70.00 and gave the stock a "buy" rating in a research note on Monday, February 26th. The Goldman Sachs Group upped their price objective on Docebo from $44.00 to $55.00 and gave the stock a "neutral" rating in a research note on Monday, February 26th. Finally, Eight Capital cut their price target on Docebo from $75.00 to $65.00 and set a "buy" rating for the company in a research note on Monday, February 26th.

Docebo Stock Performance

Shares of NASDAQ DCBO traded up $0.04 during midday trading on Monday, hitting $47.95. 44,037 shares of the stock traded hands, compared to its average volume of 97,655. The firm has a 50-day moving average of $48.93 and a two-hundred day moving average of $46.09. The firm has a market capitalization of $1.45 billion, a P/E ratio of 532.84 and a beta of 1.64. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.26 and a current ratio of 1.26. Docebo has a one year low of $29.40 and a one year high of $56.41.

Docebo (NASDAQ:DCBO - Get Free Report) last released its quarterly earnings results on Friday, February 23rd. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.12. The firm had revenue of $49.28 million for the quarter, compared to analysts' expectations of $48.46 million. Docebo had a return on equity of 12.45% and a net margin of 1.57%. On average, equities analysts forecast that Docebo will post 0.81 EPS for the current fiscal year.

Institutional Investors Weigh In On Docebo

Several large investors have recently made changes to their positions in the company. Quadrature Capital Ltd increased its holdings in shares of Docebo by 327.4% in the fourth quarter. Quadrature Capital Ltd now owns 140,600 shares of the company's stock worth $6,810,000 after purchasing an additional 107,700 shares during the last quarter. PNC Financial Services Group Inc. bought a new stake in shares of Docebo in the fourth quarter worth about $48,000. Wellington Management Group LLP increased its holdings in shares of Docebo by 15.3% in the fourth quarter. Wellington Management Group LLP now owns 26,700 shares of the company's stock worth $1,296,000 after purchasing an additional 3,549 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Docebo in the fourth quarter worth about $262,000. Finally, Nuveen Asset Management LLC bought a new stake in shares of Docebo in the fourth quarter worth about $675,000. 53.17% of the stock is owned by 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.