Docebo Inc. (NASDAQ:DCBO) Receives $57.36 Average Price Target from Analysts

Shares of Docebo Inc. (NASDAQ:DCBO - Get Free Report) have been given an average rating of "Moderate Buy" by the twelve research firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $57.36.

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

Docebo Stock Up 1.2 %

NASDAQ:DCBO traded up $0.58 on Tuesday, hitting $47.56. 40,997 shares of the company's stock traded hands, compared to its average volume of 90,001. The company has a market cap of $1.44 billion, a PE ratio of 81.00 and a beta of 1.54. Docebo has a 1 year low of $33.81 and a 1 year high of $56.41. 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 firm has a 50-day moving average price of $45.59 and a 200-day moving average price of $41.45.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of DCBO. Swiss National Bank increased its stake in shares of Docebo by 5.3% in the first quarter. Swiss National Bank now owns 30,225 shares of the company's stock worth $1,477,000 after purchasing an additional 1,525 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Docebo by 109.0% during the first quarter. Acadian Asset Management LLC now owns 53,497 shares of the company's stock worth $2,611,000 after buying an additional 27,897 shares during the last quarter. Quadrature Capital Ltd boosted its position in shares of Docebo by 75.2% in the first quarter. Quadrature Capital Ltd now owns 246,400 shares of the company's stock valued at $12,045,000 after acquiring an additional 105,800 shares during the period. Grandeur Peak Global Advisors LLC grew its stake in shares of Docebo by 3.7% in the first quarter. Grandeur Peak Global Advisors LLC now owns 17,025 shares of the company's stock worth $833,000 after acquiring an additional 600 shares during the last quarter. Finally, Stanley Laman Group Ltd. bought a new position in Docebo during the second quarter worth $843,000. Institutional investors and hedge funds 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.