Docebo (NASDAQ:DCBO) Sees Strong Trading Volume – Here’s Why

Docebo Inc. (NASDAQ:DCBO) shares saw an uptick in trading volume on Friday . 57,622 shares changed hands during mid-day trading, a decline of 6% from the previous session’s volume of 61,561 shares.The stock last traded at $29.16 and had previously closed at $37.33.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on DCBO shares. Atb Cap Markets upgraded Docebo from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Needham & Company LLC upped their price objective on Docebo from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, Craig Hallum raised their target price on shares of Docebo from $58.00 to $62.00 and gave the company a “buy” rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $56.60.

Docebo Trading Down 14.0 %

The business has a 50 day moving average of $42.70 and a two-hundred day moving average of $44.73. The firm has a market cap of $971.69 million, a P/E ratio of 55.33 and a beta of 1.55. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01.

Docebo (NASDAQ:DCBO) last issued its quarterly earnings data on Friday, February 28th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.10). Docebo had a net margin of 8.63% and a return on equity of 50.22%. Analysts predict that Docebo Inc. will post 0.78 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Plato Investment Management Ltd acquired a new position in shares of Docebo in the third quarter valued at approximately $35,000. Quantbot Technologies LP bought a new stake in Docebo in the 4th quarter valued at $132,000. Tower Research Capital LLC TRC boosted its stake in 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. Barclays PLC acquired a new position in Docebo in the 3rd quarter valued at $142,000. Finally, Deutsche Bank AG bought a new position in Docebo during the 4th quarter worth $242,000. 53.17% of the stock is owned by institutional investors.

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.