Docebo (NASDAQ:DCBO) Sees Unusually-High Trading Volume

Shares of Docebo Inc. (NASDAQ:DCBO – Get Rating) saw unusually-strong trading volume on Wednesday . Approximately 61,531 shares changed hands during mid-day trading, an increase of 50% from the previous session’s volume of 41,005 shares.The stock last traded at $31.61 and had previously closed at $32.11.

Wall Street Analyst Weigh In

DCBO has been the subject of several recent research reports. The Goldman Sachs Group initiated coverage on Docebo in a report on Monday. They set a “neutral” rating and a $37.00 price objective for the company. Morgan Stanley lifted their target price on Docebo from $36.00 to $39.00 and gave the company an “equal weight” rating in a research report on Friday, March 10th. Canaccord Genuity Group lifted their target price on Docebo from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, March 10th. Finally, TD Securities boosted their price objective on Docebo from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, March 10th.

Docebo Stock Performance

The stock has a market capitalization of $1.05 billion, a P/E ratio of 70.60 and a beta of 1.62. The company has a 50 day simple moving average of $36.65 and a 200-day simple moving average of $35.03. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.96 and a quick ratio of 2.96.

Docebo (NASDAQ:DCBO – Get Rating) last issued its earnings results on Thursday, March 9th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.03. The firm had revenue of $38.96 million for the quarter, compared to analyst estimates of $38.67 million. Docebo had a return on equity of 3.26% and a net margin of 9.99%. On average, equities analysts forecast that Docebo Inc. will post 0.39 EPS for the current year.

Institutional Trading of Docebo

A number of institutional investors have recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. lifted its holdings in Docebo by 52.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 875 shares of the company’s stock worth $29,000 after purchasing an additional 300 shares in the last quarter. TD Asset Management Inc raised its holdings in shares of Docebo by 2.6% in the 4th quarter. TD Asset Management Inc now owns 13,857 shares of the company’s stock valued at $458,000 after acquiring an additional 356 shares in the last quarter. Two Sigma Advisers LP raised its holdings in shares of Docebo by 3.1% in the 3rd quarter. Two Sigma Advisers LP now owns 13,500 shares of the company’s stock valued at $365,000 after acquiring an additional 400 shares in the last quarter. Citigroup Inc. raised its holdings in shares of Docebo by 18.6% in the 1st quarter. Citigroup Inc. now owns 3,494 shares of the company’s stock valued at $142,000 after acquiring an additional 549 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of Docebo by 6.9% in the 3rd quarter. Royal Bank of Canada now owns 9,086 shares of the company’s stock valued at $245,000 after acquiring an additional 590 shares in the last quarter. Hedge funds and other institutional investors own 39.10% of the company’s stock.

About Docebo

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Docebo Inc provides a cloud-based learning management system to train internal and external workforces, partners, and customers in North America, Europe, and the Asia-Pacific region. Its platform helps customers to centralize learning materials from peer enterprises and learners into one learning management system (LMS) to expedite and enrich the learning process, increase productivity, and grow teams uniformly.