Mackenzie Financial Corp Grows Stock Position in Docebo Inc. (NASDAQ:DCBO)

Mackenzie Financial Corp increased its position in shares of Docebo Inc. (NASDAQ:DCBO - Free Report) by 235.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 247,916 shares of the company's stock after buying an additional 174,037 shares during the period. Mackenzie Financial Corp owned 0.82% of Docebo worth $11,978,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Osaic Holdings Inc. boosted its holdings in Docebo by 30.3% during the second quarter. Osaic Holdings Inc. now owns 1,085 shares of the company's stock worth $43,000 after buying an additional 252 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Docebo by 60.0% during the second quarter. PNC Financial Services Group Inc. now owns 800 shares of the company's stock valued at $32,000 after purchasing an additional 300 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in Docebo by 3.1% during the third quarter. Two Sigma Advisers LP now owns 13,500 shares of the company's stock valued at $365,000 after purchasing an additional 400 shares in the last quarter. Swiss National Bank lifted its holdings in Docebo by 1.3% during the second quarter. Swiss National Bank now owns 39,900 shares of the company's stock valued at $1,581,000 after purchasing an additional 500 shares in the last quarter. Finally, Citigroup Inc. lifted its holdings in Docebo by 18.6% during the first quarter. Citigroup Inc. now owns 3,494 shares of the company's stock valued at $142,000 after purchasing an additional 549 shares in the last quarter. 53.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on DCBO. Scotiabank increased their price objective on shares of Docebo from $60.00 to $65.00 and gave the company a "sector outperform" rating in a report on Monday, February 26th. Morgan Stanley decreased their price objective on shares of Docebo from $67.00 to $65.00 and set an "overweight" rating on the stock in a report on Friday. Canaccord Genuity Group increased their target price on shares of Docebo from $50.00 to $65.00 and gave the company a "buy" rating in a research report on Monday, February 26th. Eight Capital reduced their target price on shares of Docebo from $75.00 to $65.00 and set a "buy" rating for the company in a research report on Monday, February 26th. Finally, Stifel Nicolaus increased their target price on shares of Docebo from $60.00 to $70.00 and gave the company a "buy" rating in a research report on Monday, February 26th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $61.40.

Docebo Trading Up 0.1 %

Docebo stock traded up $0.03 during midday trading on Friday, hitting $44.49. 39,809 shares of the stock were exchanged, compared to its average volume of 60,758. Docebo Inc. has a fifty-two week low of $29.40 and a fifty-two week high of $56.41. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 494.39 and a beta of 1.64. The stock's 50-day simple moving average is $49.08 and its 200 day simple moving average is $46.44. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.01.

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

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.