Docebo Inc. (NASDAQ:DCBO) Receives $53.18 Average Price Target from Analysts

Shares of Docebo Inc. (NASDAQ:DCBO) have been given a consensus recommendation of “Buy” by the eleven research firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $53.18.

A number of equities research analysts have weighed in on DCBO shares. Atb Cap Markets raised Docebo from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th. Morgan Stanley set a $43.00 price objective on Docebo in a report on Friday, February 28th. Scotiabank cut their price objective on Docebo from $55.00 to $45.00 and set a “sector outperform” rating for the company in a research report on Tuesday, March 4th. Finally, UBS Group set a $45.00 target price on shares of Docebo in a research report on Tuesday, March 4th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Warburg Pincus LLC boosted its position in shares of 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 buying an additional 190,434 shares in the last quarter. Long Path Partners LP lifted its holdings in shares of Docebo by 1.2% in the fourth quarter. Long Path Partners LP now owns 740,055 shares of the company’s stock valued at $33,132,000 after purchasing an additional 8,756 shares in the last quarter. Hillsdale Investment Management Inc. grew its position in shares of Docebo by 207.6% in the fourth quarter. Hillsdale Investment Management Inc. now owns 611,085 shares of the company’s stock valued at $27,372,000 after purchasing an additional 412,403 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Docebo by 1,047.0% in the third quarter. Wellington Management Group LLP now owns 599,976 shares of the company’s stock valued at $26,518,000 after purchasing an additional 547,666 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Docebo by 44.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 435,548 shares of the company’s stock worth $19,504,000 after purchasing an additional 134,867 shares in the last quarter. Hedge funds and other institutional investors own 53.17% of the company’s stock.

Docebo Trading Down 2.7 %

Shares of Docebo stock opened at $30.41 on Monday. The firm has a market cap of $920.63 million, a price-to-earnings ratio of 52.43 and a beta of 1.60. Docebo has a 52-week low of $27.61 and a 52-week high of $53.86. The company’s 50-day simple moving average is $37.45 and its 200-day simple moving average is $43.12. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.01.

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.