Docebo Inc. (NASDAQ:DCBO) Stock Has Average Target Price of $30.18

Shares of Docebo Inc. (NASDAQ:DCBO) have been assigned a consensus rating of “Moderate Buy” from the fifteen analysts that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $30.82.

DCBO has been the topic of several analyst reports. ATB Cormark Capital Markets cut their target price on Docebo from $36.00 to $35.00 and set an “outperform” rating on the stock in a research note on Monday, July 20th. Wall Street Zen lowered shares of Docebo from a “buy” rating to a “hold” rating in a research report on Saturday, October 17th. National Bank Financial raised their price target on shares of Docebo from $24.00 to $31.00 and gave the company a “sector perform” rating in a report on Wednesday, October 21st. Zacks Research raised shares of Docebo from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 19th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $31.00 price objective on shares of Docebo in a research report on Friday, July 17th.

Institutional Investors Weigh In On Docebo

Several institutional investors have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership grew its holdings in Docebo by 16.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 615,587 shares of the company’s stock worth $10,775,000 after purchasing an additional 86,038 shares during the last quarter. NewGen Asset Management Ltd purchased a new stake in shares of Docebo during the 1st quarter valued at $1,558,000. Engineers Gate Manager LP lifted its holdings in shares of Docebo by 25.4% during the 2nd quarter. Engineers Gate Manager LP now owns 61,170 shares of the company’s stock valued at $1,094,000 after purchasing an additional 12,400 shares during the last quarter. TD Waterhouse Canada Inc. lifted its holdings in shares of Docebo by 4.4% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 44,535 shares of the company’s stock valued at $981,000 after purchasing an additional 1,894 shares during the last quarter. Finally, Sei Investments Co. boosted its position in shares of Docebo by 211.7% in the 1st quarter. Sei Investments Co. now owns 56,034 shares of the company’s stock worth $979,000 after purchasing an additional 38,058 shares in the last quarter. 53.17% of the stock is currently owned by institutional investors and hedge funds.

Docebo Trading Down 1.5%

Shares of NASDAQ DCBO opened at $30.45 on Tuesday. The stock has a market capitalization of $762.77 million, a PE ratio of 26.71 and a beta of 1.22. The stock’s fifty day simple moving average is $25.04 and its two-hundred day simple moving average is $20.28. Docebo has a 12-month low of $14.39 and a 12-month high of $31.27.

Docebo (NASDAQ:DCBO) last released its quarterly earnings results on Friday, August 7th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.27 by $0.08. The firm had revenue of $63.80 million during the quarter, compared to analyst estimates of $67.14 million. Docebo had a return on equity of 120.29% and a net margin of 12.98%. On average, equities analysts predict that Docebo will post 1.45 earnings per share for the current fiscal year.

About Docebo

Docebo Inc develops learning management and learning technology solutions for businesses and other organizations. Its cloud-based platform is designed to help companies create, manage, deliver and measure training for employees, customers, partners and other learners.

The Docebo Learning Platform includes tools for course administration, content delivery, artificial intelligence-supported learning, reporting and analytics, and integrations with other enterprise software. The company also offers capabilities for creating and managing learning content, supporting instructor-led and virtual training, and delivering extended-enterprise education programs.

Founded in 2005 by Claudio Erba, Docebo is headquartered in Toronto, Canada, and serves organizations internationally.