Docebo Inc. (NASDAQ:DCBO) Receives Average Recommendation of "Moderate Buy" from Brokerages

Shares of Docebo Inc. (NASDAQ:DCBO - Get Free Report) have been given an average rating of "Moderate Buy" by the twelve ratings firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $57.36.

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

Institutional Trading of Docebo

Institutional investors and hedge funds have recently bought and sold shares of the company. Stanley Laman Group Ltd. purchased a new position in shares of Docebo during the second quarter worth about $843,000. Bank of Montreal Can lifted its position in Docebo by 23.1% during the second quarter. Bank of Montreal Can now owns 371,690 shares of the company's stock valued at $14,198,000 after purchasing an additional 69,787 shares during the last quarter. Rice Hall James & Associates LLC purchased a new position in Docebo in the 3rd quarter worth approximately $3,907,000. Renaissance Technologies LLC increased its holdings in shares of Docebo by 15.1% in the 2nd quarter. Renaissance Technologies LLC now owns 118,800 shares of the company's stock worth $4,589,000 after buying an additional 15,600 shares during the last quarter. Finally, Intact Investment Management Inc. purchased a new stake in shares of Docebo during the 3rd quarter valued at $3,319,000. 53.17% of the stock is currently owned by hedge funds and other institutional investors.

Docebo Stock Performance

Shares of NASDAQ:DCBO traded up $0.28 during midday trading on Friday, reaching $50.25. The company had a trading volume of 87,004 shares, compared to its average volume of 88,482. Docebo has a 52-week low of $33.81 and a 52-week high of $56.41. The company's 50 day moving average price is $47.71 and its 200 day moving average price is $42.76. 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 market cap of $1.52 billion, a P/E ratio of 86.64 and a beta of 1.55.

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.