Needham & Company LLC Issues Positive Forecast for Docebo (NASDAQ:DCBO) Stock Price

Docebo (NASDAQ:DCBO - Get Free Report) had its target price boosted by equities research analysts at Needham & Company LLC from $50.00 to $60.00 in a report released on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Needham & Company LLC's price target points to a potential upside of 16.62% from the company's previous close.

Other research analysts have also recently issued research reports about the stock. Scotiabank raised their price target on shares of Docebo from $50.00 to $55.00 and gave the stock a "sector outperform" rating in a research note on Thursday, October 24th. CIBC boosted their target price on Docebo from $44.00 to $52.00 and gave the stock an "outperform" rating in a report on Monday, September 16th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Docebo currently has an average rating of "Moderate Buy" and an average price target of $56.83.

Docebo Stock Performance

NASDAQ:DCBO traded up $0.27 during trading hours on Friday, hitting $51.45. 83,739 shares of the company traded hands, compared to its average volume of 88,975. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 97.91 and a beta of 1.54. The firm has a 50-day moving average of $44.64 and a 200 day moving average of $41.29. Docebo has a twelve month low of $33.81 and a twelve month high of $56.41.

Docebo (NASDAQ:DCBO - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). Docebo had a net margin of 8.56% and a return on equity of 29.82%. The firm had revenue of $53.05 million during the quarter, compared to analyst estimates of $52.30 million. On average, analysts forecast that Docebo will post 0.79 EPS for the current year.

Hedge Funds Weigh In On Docebo

Several hedge funds have recently added to or reduced their stakes in the stock. Grandeur Peak Global Advisors LLC raised its holdings in 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 purchasing an additional 600 shares during the period. Plato Investment Management Ltd acquired a new position in shares of Docebo during the 3rd quarter worth about $35,000. The Manufacturers Life Insurance Company raised its stake in shares of Docebo by 0.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 196,588 shares of the company's stock worth $7,581,000 after purchasing an additional 1,058 shares in the last quarter. Swiss National Bank lifted its stake in Docebo by 5.3% in the first quarter. Swiss National Bank now owns 30,225 shares of the company's stock valued at $1,477,000 after acquiring an additional 1,525 shares during the last quarter. Finally, 1832 Asset Management L.P. grew its holdings in Docebo by 60.0% during the second quarter. 1832 Asset Management L.P. now owns 8,000 shares of the company's stock worth $309,000 after purchasing an additional 3,000 shares during the period. Institutional investors and hedge funds own 53.17% of the company's stock.

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.