Docebo Inc. (NASDAQ:DCBO) Given Average Recommendation of “Moderate Buy” by Analysts

Docebo Inc. (NASDAQ:DCBO) has earned an average rating of “Moderate Buy” from the twelve research firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $57.36.

DCBO has been the topic of several research reports. Atb Cap Markets cut shares of Docebo from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. Scotiabank lifted their price objective on Docebo from $50.00 to $55.00 and gave the stock a “sector outperform” rating in a report on Thursday, October 24th. Needham & Company LLC increased their target price on Docebo from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 8th. CIBC boosted their price target on Docebo from $44.00 to $52.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Finally, Craig Hallum upped their price target on shares of Docebo from $58.00 to $62.00 and gave the company a “buy” rating in a research report on Monday, November 11th.

Docebo Stock Performance

Shares of DCBO stock opened at $49.03 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The company has a 50 day moving average price of $46.10 and a 200-day moving average price of $41.53. Docebo has a 52 week low of $33.81 and a 52 week high of $56.41. The firm has a market capitalization of $1.48 billion, a PE ratio of 84.53 and a beta of 1.54.

Institutional Trading of Docebo

Institutional investors and hedge funds have recently modified their holdings of the company. Wellington Management Group LLP increased its stake in Docebo by 1,047.0% in the 3rd quarter. Wellington Management Group LLP now owns 599,976 shares of the company’s stock worth $26,518,000 after buying an additional 547,666 shares in the last quarter. Long Path Partners LP raised its stake in Docebo by 73.0% during the 2nd quarter. Long Path Partners LP now owns 686,277 shares of the company’s stock valued at $26,511,000 after purchasing an additional 289,524 shares during the period. Luxor Capital Group LP purchased a new position in Docebo in the 3rd quarter worth approximately $9,071,000. Warburg Pincus LLC boosted its stake in Docebo by 5.7% in the 3rd quarter. Warburg Pincus LLC now owns 3,546,597 shares of the company’s stock worth $156,760,000 after purchasing an additional 190,434 shares during the period. Finally, CIBC Asset Management Inc boosted its stake in Docebo by 36.9% in the 2nd quarter. CIBC Asset Management Inc now owns 446,544 shares of the company’s stock worth $17,233,000 after purchasing an additional 120,396 shares during the period. 53.17% of the stock is currently owned by institutional investors.

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.