Docebo (NASDAQ:DCBO) Shares Gap Up – Still a Buy?

Docebo Inc. (NASDAQ:DCBO)’s share price gapped up before the market opened on Monday . The stock had previously closed at $22.18, but opened at $26.48. Docebo shares last traded at $21.88, with a volume of 26,878 shares traded.

Wall Street Analyst Weigh In

DCBO has been the subject of a number of research reports. CIBC dropped their target price on shares of Docebo from $37.00 to $36.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. Morgan Stanley reduced their price target on Docebo from $34.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Monday, November 10th. Zacks Research cut shares of Docebo from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Oppenheimer initiated coverage on Docebo in a report on Wednesday, November 5th. They issued an “outperform” rating and a $35.00 target price for the company. Finally, TD Cowen reaffirmed a “buy” rating and issued a $37.00 price target on shares of Docebo in a research note on Friday, October 3rd. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Docebo has a consensus rating of “Moderate Buy” and an average price target of $36.20.

Docebo Stock Performance

The stock has a fifty day moving average price of $27.27 and a 200-day moving average price of $28.45. The firm has a market capitalization of $626.68 million, a price-to-earnings ratio of 29.41 and a beta of 1.44. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.05.

Institutional Investors Weigh In On Docebo

A number of large investors have recently bought and sold shares of DCBO. Public Employees Retirement System of Ohio grew its holdings in Docebo by 7.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 11,444 shares of the company’s stock worth $331,000 after acquiring an additional 783 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Docebo by 0.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 552,271 shares of the company’s stock valued at $16,006,000 after purchasing an additional 1,381 shares during the last quarter. Employees Retirement System of Texas acquired a new stake in shares of Docebo in the second quarter valued at approximately $44,000. TD Waterhouse Canada Inc. increased its holdings in shares of Docebo by 39.5% in the third quarter. TD Waterhouse Canada Inc. now owns 6,380 shares of the company’s stock valued at $172,000 after purchasing an additional 1,805 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Docebo by 46.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,063 shares of the company’s stock worth $193,000 after purchasing an additional 2,248 shares during the last quarter. 53.17% of the stock is currently owned by institutional investors.

Docebo Company Profile

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.