Brokerages Set Docebo Inc. (NASDAQ:DCBO) Price Target at $54.50

Docebo Inc. (NASDAQ:DCBO) has received a consensus recommendation of “Moderate Buy” from the twelve research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $54.50.

A number of research analysts have weighed in on the company. Stifel Nicolaus reduced their price target on Docebo from $70.00 to $60.00 and set a “buy” rating on the stock in a research note on Monday, May 13th. TheStreet upgraded shares of Docebo from a “d+” rating to a “c-” rating in a report on Monday, March 18th. 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 target for the company. National Bankshares decreased their price target on shares of Docebo from $65.00 to $55.00 and set an “outperform” rating on the stock in a report on Monday, May 13th. Finally, Scotiabank dropped their price objective on Docebo from $65.00 to $50.00 and set a “sector outperform” rating for the company in a report on Tuesday, May 14th.

Docebo Price Performance

DCBO stock opened at $36.87 on Friday. The stock’s 50 day moving average price is $39.94 and its 200 day moving average price is $45.22. The firm has a market cap of $1.12 billion, a P/E ratio of 167.59 and a beta of 1.52. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.30 and a current ratio of 1.30. Docebo has a 1 year low of $33.81 and a 1 year high of $56.41.

Docebo (NASDAQ:DCBO) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.04. The business had revenue of $51.40 million for the quarter, compared to the consensus estimate of $51.16 million. Docebo had a return on equity of 19.31% and a net margin of 3.55%. On average, sell-side analysts expect that Docebo will post 0.92 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of DCBO. 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 valued at $833,000 after buying an additional 600 shares in the last quarter. PNC Financial Services Group Inc. purchased a new position in shares of Docebo in the fourth quarter valued at $48,000. Raymond James & Associates grew its holdings in Docebo by 15.0% during the 4th quarter. Raymond James & Associates now owns 9,840 shares of the company’s stock valued at $476,000 after purchasing an additional 1,282 shares in the last quarter. Swiss National Bank increased its stake in Docebo by 5.3% during the 1st quarter. Swiss National Bank now owns 30,225 shares of the company’s stock worth $1,477,000 after buying an additional 1,525 shares during the period. Finally, Virtu Financial LLC acquired a new position in Docebo in the 4th quarter worth $262,000. 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.