Docebo Inc. (NASDAQ:DCBO) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Docebo Inc. (NASDAQ:DCBO) have been assigned a consensus rating of “Moderate Buy” from the twelve brokerages that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $57.36.

A number of equities analysts recently commented on DCBO shares. CIBC lifted their price objective on Docebo from $44.00 to $52.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Needham & Company LLC boosted their price target on shares of Docebo from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Atb Cap Markets cut shares of Docebo from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. Craig Hallum boosted their target price on shares of Docebo from $58.00 to $62.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Scotiabank raised their price target on shares of Docebo from $50.00 to $55.00 and gave the stock a “sector outperform” rating in a report on Thursday, October 24th.

Docebo Trading Up 0.6 %

DCBO opened at $50.25 on Friday. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 86.64 and a beta of 1.55. The company’s 50 day simple moving average is $47.71 and its two-hundred day simple moving average is $42.72. Docebo has a 1-year low of $33.81 and a 1-year high of $56.41. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 1.13.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Stanley Laman Group Ltd. acquired a new stake in shares of Docebo in the second quarter valued at $843,000. Bank of Montreal Can grew its position in Docebo by 23.1% in the 2nd quarter. Bank of Montreal Can now owns 371,690 shares of the company’s stock valued at $14,198,000 after acquiring an additional 69,787 shares in the last quarter. Rice Hall James & Associates LLC purchased a new stake in Docebo during the third quarter worth about $3,907,000. Renaissance Technologies LLC lifted its position in shares of Docebo by 15.1% during the second quarter. Renaissance Technologies LLC now owns 118,800 shares of the company’s stock worth $4,589,000 after purchasing an additional 15,600 shares in the last quarter. Finally, Intact Investment Management Inc. purchased a new position in shares of Docebo in the third quarter valued at approximately $3,319,000. 53.17% of the stock is currently owned by institutional investors and hedge funds.

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.