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

Docebo Inc. (NASDAQ:DCBO) has been given an average rating of “Moderate Buy” by the sixteen brokerages that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $31.2308.

A number of research analysts have recently issued reports on the stock. National Bank Financial boosted their target price on shares of Docebo from $22.00 to $24.00 and gave the stock a “sector perform” rating in a research report on Monday, August 10th. ATB Cormark Capital Markets dropped their price target on shares of Docebo from $36.00 to $35.00 and set an “outperform” rating on the stock in a research report on Monday, July 20th. Needham & Company LLC reiterated a “buy” rating and set a $31.00 price target on shares of Docebo in a research note on Friday, July 17th. Weiss Ratings raised Docebo from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Finally, Zacks Research upgraded Docebo from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 19th.

Institutional Trading of Docebo

Institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP lifted its position in shares of Docebo by 45.1% during the third quarter. Wellington Management Group LLP now owns 432,426 shares of the company’s stock valued at $11,818,000 after purchasing an additional 134,437 shares in the last quarter. Royal Bank of Canada grew its position in Docebo by 467.1% in the 1st quarter. Royal Bank of Canada now owns 158,340 shares of the company’s stock worth $4,546,000 after purchasing an additional 130,419 shares in the last quarter. Millennium Management LLC increased its stake in Docebo by 137.2% in the 4th quarter. Millennium Management LLC now owns 213,444 shares of the company’s stock valued at $4,741,000 after buying an additional 123,473 shares during the last quarter. Two Sigma Investments LP increased its stake in Docebo by 211.3% in the 3rd quarter. Two Sigma Investments LP now owns 160,772 shares of the company’s stock valued at $4,394,000 after buying an additional 109,128 shares during the last quarter. Finally, NewGen Asset Management Ltd bought a new position in shares of Docebo during the 1st quarter worth approximately $1,558,000. Institutional investors own 53.17% of the company’s stock.

Docebo Stock Performance

NASDAQ DCBO opened at $25.59 on Monday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.03. Docebo has a 52 week low of $14.39 and a 52 week high of $31.96. The business has a 50 day moving average price of $20.51 and a 200-day moving average price of $18.88. The company has a market cap of $636.94 million, a price-to-earnings ratio of 22.45 and a beta of 1.24.

Docebo (NASDAQ:DCBO) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.08. Docebo had a net margin of 12.98% and a return on equity of 120.29%. The business had revenue of $63.80 million during the quarter, compared to the consensus estimate of $67.14 million. As a group, equities analysts expect that Docebo will post 1.44 earnings per share for the current fiscal year.

About Docebo

Docebo is a cloud-based learning management system (LMS) provider that offers enterprise organizations a comprehensive platform for employee, customer and partner training. The company’s software is designed to streamline learning and development with features such as AI-powered content recommendations, automated learning paths and social collaboration tools. Docebo’s platform supports multiple languages and integrates with a variety of third-party applications, enabling businesses to deliver training at scale across different departments and regions.

Founded in 2005 and headquartered in Toronto, Canada, Docebo has expanded its footprint to serve customers in North America, Europe, the Middle East and the Asia Pacific region.