Docebo Inc. (NASDAQ:DCBO) Receives $57.36 Average PT from Brokerages

Docebo Inc. (NASDAQ:DCBO - Get Free Report) has received an average recommendation of "Moderate Buy" from the twelve brokerages that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $57.36.

A number of analysts have recently weighed in on DCBO shares. Needham & Company LLC increased their price target on Docebo from $50.00 to $60.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Scotiabank increased their target price on Docebo from $50.00 to $55.00 and gave the stock a "sector outperform" rating in a research report on Thursday, October 24th. CIBC boosted their price target on shares of Docebo from $44.00 to $52.00 and gave the company an "outperform" rating in a report on Monday, September 16th. Atb Cap Markets cut shares of Docebo from a "strong-buy" rating to a "hold" rating in a report on Friday, November 8th. Finally, Craig Hallum boosted their target price on shares of Docebo from $58.00 to $62.00 and gave the company a "buy" rating in a research note on Monday, November 11th.

Docebo Stock Performance

DCBO traded up $0.01 on Wednesday, hitting $43.29. 48,562 shares of the company's stock were exchanged, compared to its average volume of 64,452. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01. The stock has a fifty day moving average of $47.93 and a two-hundred day moving average of $43.87. Docebo has a twelve month low of $33.81 and a twelve month high of $56.41. The firm has a market cap of $1.31 billion, a PE ratio of 74.64 and a beta of 1.56.

Institutional Investors Weigh In On Docebo

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. TD Asset Management Inc increased its position in shares of Docebo by 4.4% during the 2nd quarter. TD Asset Management Inc now owns 109,570 shares of the company's stock valued at $4,230,000 after purchasing an additional 4,580 shares during the period. Acadian Asset Management LLC raised its position in Docebo by 24.7% in the second quarter. Acadian Asset Management LLC now owns 66,697 shares of the company's stock worth $2,567,000 after acquiring an additional 13,200 shares in the last quarter. American Century Companies Inc. raised its position in Docebo by 42.5% in the second quarter. American Century Companies Inc. now owns 237,575 shares of the company's stock worth $9,174,000 after acquiring an additional 70,859 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Docebo by 15.1% in the 2nd quarter. Renaissance Technologies LLC now owns 118,800 shares of the company's stock valued at $4,589,000 after acquiring an additional 15,600 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Docebo during the 2nd quarter valued at about $264,000. Institutional investors own 53.17% of the company's stock.

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.