Docebo Inc. (NASDAQ:DCBO) Receives $53.18 Average Price Target from Analysts

Docebo Inc. (NASDAQ:DCBO) has been assigned a consensus rating of “Buy” from the eleven brokerages that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $53.18.

A number of equities analysts recently weighed in on the stock. Atb Cap Markets raised shares of Docebo from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 28th. Morgan Stanley set a $43.00 price objective on Docebo in a research report on Friday, February 28th. UBS Group set a $45.00 target price on Docebo in a research report on Tuesday, March 4th. Finally, Scotiabank cut their target price on Docebo from $55.00 to $45.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, March 4th.

Docebo Stock Down 5.3 %

Shares of DCBO stock opened at $29.29 on Monday. Docebo has a 12-month low of $27.61 and a 12-month high of $53.86. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The firm has a fifty day moving average of $36.96 and a 200-day moving average of $42.97. The company has a market capitalization of $886.73 million, a price-to-earnings ratio of 50.50 and a beta of 1.60.

Institutional Investors Weigh In On Docebo

Several large investors have recently made changes to their positions in DCBO. Geode Capital Management LLC raised its position in Docebo by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 40,903 shares of the company’s stock worth $1,832,000 after acquiring an additional 360 shares in the last quarter. Grandeur Peak Global Advisors LLC increased its stake in shares of Docebo by 3.6% during the 4th quarter. Grandeur Peak Global Advisors LLC now owns 11,525 shares of the company’s stock worth $517,000 after purchasing an additional 400 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Docebo by 46.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,983 shares of the company’s stock valued at $134,000 after purchasing an additional 949 shares during the period. Advisory Services Network LLC lifted its stake in Docebo by 10.5% in the 4th quarter. Advisory Services Network LLC now owns 16,065 shares of the company’s stock valued at $720,000 after purchasing an additional 1,526 shares during the last quarter. Finally, Jump Financial LLC grew its holdings in Docebo by 33.3% during the fourth quarter. Jump Financial LLC now owns 8,320 shares of the company’s stock worth $372,000 after purchasing an additional 2,080 shares during the period. Institutional investors and hedge funds own 53.17% of the company’s stock.

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.