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

Docebo Inc. (NASDAQ:DCBO - Get Free Report) has been assigned an average rating of "Buy" from the eleven research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $53.18.

DCBO has been the topic of several analyst reports. Atb Cap Markets upgraded shares of Docebo from a "hold" rating to a "strong-buy" rating in a report on Friday, February 28th. UBS Group set a $45.00 target price on Docebo in a report on Tuesday, March 4th. Morgan Stanley set a $43.00 price target on Docebo in a report on Friday, February 28th. Finally, Scotiabank reduced their price objective on Docebo from $55.00 to $45.00 and set a "sector outperform" rating for the company in a research note on Tuesday, March 4th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Quantbot Technologies LP purchased a new position in Docebo in the 4th quarter worth approximately $132,000. Tower Research Capital LLC TRC boosted its stake in Docebo by 46.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,983 shares of the company's stock worth $134,000 after buying an additional 949 shares in the last quarter. Barclays PLC bought a new stake in shares of Docebo in the 3rd quarter worth approximately $142,000. Deutsche Bank AG purchased a new stake in shares of Docebo in the 4th quarter valued at $242,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Docebo during the 4th quarter valued at $255,000. 53.17% of the stock is currently owned by institutional investors.

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Docebo Stock Up 1.7 %

DCBO traded up $0.53 during mid-day trading on Monday, reaching $30.94. 120,248 shares of the stock were exchanged, compared to its average volume of 82,896. Docebo has a 1 year low of $27.61 and a 1 year high of $53.86. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market capitalization of $936.68 million, a PE ratio of 53.34 and a beta of 1.60. The company has a 50 day moving average price of $37.45 and a two-hundred day moving average price of $43.12.

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.