Docebo (NASDAQ:DCBO) PT Raised to $52.00 at CIBC

Docebo (NASDAQ:DCBO - Get Free Report) had its price objective hoisted by stock analysts at CIBC from $44.00 to $52.00 in a research note issued to investors on Monday, BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. CIBC's target price points to a potential upside of 21.21% from the company's current price.

DCBO has been the subject of several other research reports. Needham & Company LLC restated a "buy" rating and set a $50.00 target price (up previously from $45.00) on shares of Docebo in a research note on Thursday. Craig Hallum started coverage on shares of Docebo in a research report on Friday, June 7th. They set a "buy" rating and a $58.00 price objective for the company. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $55.58.

Docebo Stock Up 1.0 %

Shares of DCBO traded up $0.43 during midday trading on Monday, reaching $42.90. The stock had a trading volume of 78,695 shares, compared to its average volume of 99,561. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 195.00 and a beta of 1.55. The company's fifty day simple moving average is $40.47 and its two-hundred day simple moving average is $42.22. Docebo has a 1-year low of $33.81 and a 1-year high of $56.41. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.11 and a quick ratio of 1.11.

Docebo (NASDAQ:DCBO - Get Free Report) last posted its 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). The business had revenue of $53.05 million during the quarter, compared to analysts' expectations of $52.30 million. Docebo had a net margin of 8.56% and a return on equity of 29.82%. Equities research analysts expect that Docebo will post 0.79 earnings per share for the current year.

Hedge Funds Weigh In On Docebo

Several institutional investors have recently added to or reduced their stakes in DCBO. TD Asset Management Inc grew its stake in shares of Docebo by 572.0% in the 4th quarter. TD Asset Management Inc now owns 94,488 shares of the company's stock valued at $4,585,000 after purchasing an additional 80,428 shares during the last quarter. Scotia Capital Inc. acquired a new position in Docebo in the 4th quarter valued at $486,000. Quadrature Capital Ltd raised its position in Docebo by 327.4% during the 4th quarter. Quadrature Capital Ltd now owns 140,600 shares of the company's stock worth $6,810,000 after buying an additional 107,700 shares during the last quarter. Virtu Financial LLC purchased a new position in Docebo during the 4th quarter worth $262,000. Finally, PNC Financial Services Group Inc. acquired a new stake in shares of Docebo in the 4th quarter worth $48,000. 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.