Docebo Inc. (NASDAQ:DCBO) Given Consensus Rating of “Moderate Buy” by Analysts

by · The Cerbat Gem

Shares of Docebo Inc. (NASDAQ:DCBO – Get Free Report) have been given an average rating of “Moderate Buy” by the twelve analysts that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $56.00.

Several research analysts recently commented on DCBO shares. Needham & Company LLC reissued a “buy” rating and issued a $50.00 price objective (up from $45.00) on shares of Docebo in a research note on Thursday, September 12th. Scotiabank increased their price objective on Docebo from $50.00 to $55.00 and gave the company a “sector outperform” rating in a research note on Thursday, October 24th. Finally, CIBC raised their target price on Docebo from $44.00 to $52.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th.

Check Out Our Latest Stock Analysis on DCBO

Docebo Stock Down 1.2 %

NASDAQ DCBO opened at $45.66 on Friday. The business has a fifty day moving average price of $44.11 and a 200 day moving average price of $41.11. Docebo has a one year low of $33.81 and a one year high of $56.41. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market cap of $1.38 billion, a P/E ratio of 84.56 and a beta of 1.55.

Docebo (NASDAQ:DCBO – Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). Docebo had a net margin of 8.56% and a return on equity of 29.82%. The firm had revenue of $53.05 million during the quarter, compared to analyst estimates of $52.30 million. Research analysts anticipate that Docebo will post 0.79 EPS for the current fiscal year.

Hedge Funds Weigh In On Docebo

A number of hedge funds have recently modified their holdings of the business. Grandeur Peak Global Advisors LLC grew its holdings in shares of Docebo by 3.7% during the 1st quarter. Grandeur Peak Global Advisors LLC now owns 17,025 shares of the company’s stock worth $833,000 after purchasing an additional 600 shares during the period. PNC Financial Services Group Inc. purchased a new position in shares of Docebo during the 4th quarter worth $48,000. The Manufacturers Life Insurance Company grew its holdings in shares of Docebo by 0.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 196,588 shares of the company’s stock worth $7,581,000 after purchasing an additional 1,058 shares during the period. Swiss National Bank grew its holdings in shares of Docebo by 5.3% during the 1st quarter. Swiss National Bank now owns 30,225 shares of the company’s stock worth $1,477,000 after purchasing an additional 1,525 shares during the period. Finally, 1832 Asset Management L.P. grew its holdings in shares of Docebo by 60.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 8,000 shares of the company’s stock worth $309,000 after purchasing an additional 3,000 shares during the period. 53.17% of the stock is currently owned by hedge funds and other institutional investors.

Docebo Company Profile

(Get Free Report

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.

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