Docebo Inc. (NASDAQ:DCBO) Receives Average Rating of “Buy” from Analysts

Docebo Inc. (NASDAQ:DCBO) has been given an average rating of “Buy” by the twelve ratings firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $57.36.

A number of analysts recently commented on DCBO shares. Scotiabank upped their price objective 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. Atb Cap Markets upgraded Docebo from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Needham & Company LLC boosted their price objective on Docebo from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Craig Hallum increased their target price 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 Down 0.3 %

NASDAQ:DCBO opened at $42.21 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. Docebo has a 12-month low of $33.81 and a 12-month high of $56.41. The stock’s fifty day simple moving average is $45.24 and its 200-day simple moving average is $44.47. The firm has a market capitalization of $1.28 billion, a P/E ratio of 72.78 and a beta of 1.55.

Institutional Investors Weigh In On Docebo

Hedge funds and other institutional investors have recently modified their holdings of the company. Warburg Pincus LLC raised its stake in Docebo by 5.7% in the third quarter. Warburg Pincus LLC now owns 3,546,597 shares of the company’s stock valued at $156,760,000 after purchasing an additional 190,434 shares in the last quarter. Long Path Partners LP increased its holdings in Docebo by 6.6% in the 3rd quarter. Long Path Partners LP now owns 731,299 shares of the company’s stock valued at $32,323,000 after buying an additional 45,022 shares during the period. Wellington Management Group LLP raised its position in shares of Docebo by 1,047.0% in the 3rd quarter. Wellington Management Group LLP now owns 599,976 shares of the company’s stock valued at $26,518,000 after buying an additional 547,666 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Docebo by 7.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 236,825 shares of the company’s stock worth $10,449,000 after acquiring an additional 15,800 shares during the period. Finally, Luxor Capital Group LP acquired a new stake in shares of Docebo during the 3rd quarter worth approximately $9,071,000. 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.