Docebo Inc. (NASDAQ:DCBO) Sees Significant Decrease in Short Interest

Docebo Inc. (NASDAQ:DCBO) saw a large decrease in short interest in June. As of June 30th, there was short interest totalling 157,700 shares, a decrease of 13.2% from the June 15th total of 181,700 shares. Based on an average daily trading volume, of 116,000 shares, the short-interest ratio is presently 1.4 days. Currently, 1.1% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Needham & Company LLC reiterated a “buy” rating and set a $45.00 price target on shares of Docebo in a research note on Wednesday, June 12th. CIBC dropped their price target on Docebo from $53.00 to $44.00 and set an “outperformer” rating on the stock in a research note on Friday, June 21st. Canaccord Genuity Group dropped their price target on Docebo from $65.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, May 14th. Morgan Stanley lowered their target price on Docebo from $65.00 to $59.00 and set an “overweight” rating on the stock in a research note on Monday, May 13th. Finally, National Bankshares lowered their target price on Docebo from $65.00 to $55.00 and set an “outperform” rating on the stock in a research note on Monday, May 13th. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.50.

Institutional Trading of Docebo

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. purchased a new position in shares of Docebo during the fourth quarter worth about $48,000. Virtu Financial LLC purchased a new position in shares of Docebo during the fourth quarter worth about $262,000. Versor Investments LP purchased a new position in shares of Docebo during the fourth quarter worth about $358,000. Raymond James & Associates grew its holdings in shares of Docebo by 15.0% during the fourth quarter. Raymond James & Associates now owns 9,840 shares of the company’s stock worth $476,000 after buying an additional 1,282 shares during the last quarter. Finally, Scotia Capital Inc. purchased a new stake in Docebo in the 4th quarter valued at approximately $486,000. Institutional investors and hedge funds own 53.17% of the company’s stock.

Docebo Trading Up 0.8 %

NASDAQ:DCBO opened at $38.31 on Monday. The firm has a market cap of $1.16 billion, a PE ratio of 174.14 and a beta of 1.54. The stock has a fifty day moving average price of $37.99 and a 200 day moving average price of $44.06. Docebo has a 12-month low of $33.81 and a 12-month high of $56.41. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.01.

Docebo (NASDAQ:DCBO) last released its earnings results on Thursday, May 9th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. Docebo had a return on equity of 19.31% and a net margin of 3.55%. The firm had revenue of $51.40 million during the quarter, compared to analyst estimates of $51.16 million. Sell-side analysts anticipate that Docebo will post 0.92 earnings per share for the current fiscal year.

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.