Docebo Inc. (NASDAQ:DCBO) Short Interest Down 6.7% in March

Docebo Inc. (NASDAQ:DCBO - Get Free Report) was the target of a large drop in short interest in March. As of March 31st, there was short interest totalling 134,300 shares, a drop of 6.7% from the March 15th total of 143,900 shares. Based on an average daily volume of 95,800 shares, the short-interest ratio is currently 1.4 days. Approximately 0.9% of the company's stock are short sold.

Docebo Stock Performance

Shares of Docebo stock traded up $0.88 during trading hours on Tuesday, reaching $44.16. The company's stock had a trading volume of 92,040 shares, compared to its average volume of 93,762. The stock has a market cap of $1.34 billion, a P/E ratio of 490.72 and a beta of 1.64. The company's 50 day simple moving average is $49.14 and its 200 day simple moving average is $46.37. Docebo has a one year low of $29.40 and a one year high of $56.41. 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 (NASDAQ:DCBO - Get Free Report) last issued its quarterly earnings data 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 the consensus estimate of $48.46 million. Docebo had a net margin of 1.57% and a return on equity of 12.45%. As a group, analysts expect that Docebo will post 0.81 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group raised their price target on shares of Docebo from $44.00 to $55.00 and gave the company a "neutral" rating in a report on Monday, February 26th. Canaccord Genuity Group raised their price objective on shares of Docebo from $50.00 to $65.00 and gave the stock a "buy" rating in a report on Monday, February 26th. Stifel Nicolaus raised their price objective on shares of Docebo from $60.00 to $70.00 and gave the stock a "buy" rating in a report on Monday, February 26th. Scotiabank raised their price objective on shares of Docebo from $60.00 to $65.00 and gave the stock a "sector outperform" rating in a report on Monday, February 26th. Finally, TheStreet raised shares of Docebo from a "d+" rating to a "c-" rating in a report on Monday, March 18th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $61.60.

Institutional Trading of Docebo

Several hedge funds have recently bought and sold shares of the company. National Bank of Canada FI raised its position in shares of Docebo by 291.7% during the 4th quarter. National Bank of Canada FI now owns 373,582 shares of the company's stock worth $16,811,000 after buying an additional 278,201 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Docebo during the 1st quarter worth about $9,391,000. Mackenzie Financial Corp raised its position in shares of Docebo by 235.6% during the 4th quarter. Mackenzie Financial Corp now owns 247,916 shares of the company's stock worth $11,978,000 after buying an additional 174,037 shares in the last quarter. American Century Companies Inc. raised its position in shares of Docebo by 157.5% during the 3rd quarter. American Century Companies Inc. now owns 252,247 shares of the company's stock worth $10,229,000 after buying an additional 154,281 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Docebo by 165.2% during the 2nd quarter. Renaissance Technologies LLC now owns 223,300 shares of the company's stock worth $6,410,000 after buying an additional 139,100 shares in the last quarter. 53.17% of the stock is currently owned by institutional investors.

About Docebo

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.