Docebo (NASDAQ:DCBO) Stock Price Up 4.6% - What's Next?

Key Points

• Docebo shares rose 4.6% to $26.80, although trading volume was 85% below the average daily level.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $30.18; recommendations include one Strong Buy, ten Buys and four Holds.
• Docebo exceeded quarterly EPS expectations, reporting $0.35 versus the $0.27 consensus, while institutional investors own approximately 53.17% of the company.

Docebo Inc. (NASDAQ:DCBO - Get Free Report) rose 4.6% on Tuesday. The company traded as high as $26.82 and last traded at $26.7990. 20,865 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 137,119 shares. The stock had previously closed at $25.61.

Analyst Upgrades and Downgrades

DCBO has been the topic of several recent research reports. Wall Street Zen raised Docebo from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Needham & Company LLC reaffirmed a "buy" rating and set a $31.00 price objective on shares of Docebo in a report on Friday, July 17th. National Bank Financial upped their price target on Docebo from $22.00 to $24.00 and gave the company a "sector perform" rating in a research note on Monday, August 10th. Zacks Research raised Docebo from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 19th. Finally, ATB Cormark Capital Markets dropped their price objective on shares of Docebo from $36.00 to $35.00 and set an "outperform" rating on the stock in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $30.18.

Docebo Trading Up 6.0%

The stock has a market capitalization of $679.86 million, a PE ratio of 23.79 and a beta of 1.22. The firm has a 50-day moving average price of $23.69 and a 200-day moving average price of $20.05.

Docebo (NASDAQ:DCBO - Get Free Report) last posted its quarterly earnings data on Friday, August 7th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.08. Docebo had a net margin of 12.98% and a return on equity of 120.29%. The firm had revenue of $63.80 million for the quarter, compared to analysts' expectations of $67.14 million. Sell-side analysts expect that Docebo Inc. will post 1.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Docebo

A number of institutional investors have recently added to or reduced their stakes in DCBO. NewGen Asset Management Ltd purchased a new position in Docebo during the first quarter worth approximately $1,558,000. Arrowstreet Capital Limited Partnership boosted its stake in Docebo by 16.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 615,587 shares of the company's stock worth $10,775,000 after purchasing an additional 86,038 shares during the period. Sei Investments Co. lifted its stake in shares of Docebo by 211.7% in the 1st quarter. Sei Investments Co. now owns 56,034 shares of the company's stock worth $979,000 after acquiring an additional 38,058 shares during the period. K2 Principal Fund L.P. acquired a new position in Docebo during the second quarter worth $303,000. Finally, Engineers Gate Manager LP boosted its stake in shares of Docebo by 25.4% during the 2nd quarter. Engineers Gate Manager LP now owns 61,170 shares of the company's stock worth $1,094,000 after purchasing an additional 12,400 shares during the last quarter. Institutional investors own 53.17% of the company's stock.

About Docebo

Docebo Inc develops cloud-based learning management software for businesses and other organizations. Its platform is designed to help companies create, manage and deliver employee, customer, partner and member education through online learning programs.

The Docebo Learning Platform includes tools for course administration, content creation and management, assessments, reporting, automation and artificial intelligence. It also supports extended-enterprise learning, enabling organizations to provide training to audiences outside their workforce.

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