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

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

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of DCBO. Warburg Pincus LLC boosted its stake in shares of Docebo by 5.7% during the third quarter. Warburg Pincus LLC now owns 3,546,597 shares of the company’s stock worth $156,760,000 after buying an additional 190,434 shares during the period. Long Path Partners LP raised its stake in Docebo by 1.2% during the 4th quarter. Long Path Partners LP now owns 740,055 shares of the company’s stock valued at $33,132,000 after acquiring an additional 8,756 shares during the last quarter. Hillsdale Investment Management Inc. lifted its position in Docebo by 207.6% during the 4th quarter. Hillsdale Investment Management Inc. now owns 611,085 shares of the company’s stock worth $27,372,000 after acquiring an additional 412,403 shares during the period. Wellington Management Group LLP grew its stake in shares of Docebo by 1,047.0% in the 3rd quarter. Wellington Management Group LLP now owns 599,976 shares of the company’s stock valued at $26,518,000 after purchasing an additional 547,666 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Docebo by 44.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 435,548 shares of the company’s stock valued at $19,504,000 after purchasing an additional 134,867 shares during the period. 53.17% of the stock is owned by hedge funds and other institutional investors.

Docebo Stock Performance

Shares of DCBO stock opened at $30.03 on Monday. The company has a market cap of $909.13 million, a P/E ratio of 51.78 and a beta of 1.60. The firm has a fifty day moving average price of $38.14 and a 200 day moving average price of $43.35. 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 has a 12 month low of $27.61 and a 12 month high of $53.86.

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.