Docebo Inc. (NASDAQ:DCBO) Stock Position Lifted by TD Asset Management Inc

TD Asset Management Inc lifted its holdings in Docebo Inc. (NASDAQ:DCBO) by 4.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 109,570 shares of the company’s stock after purchasing an additional 4,580 shares during the quarter. TD Asset Management Inc’s holdings in Docebo were worth $4,230,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of DCBO. CIBC Asset Management Inc grew its holdings in Docebo by 36.9% during the second quarter. CIBC Asset Management Inc now owns 446,544 shares of the company’s stock worth $17,233,000 after acquiring an additional 120,396 shares during the period. Hillsdale Investment Management Inc. grew its holdings in Docebo by 19.3% during the first quarter. Hillsdale Investment Management Inc. now owns 738,692 shares of the company’s stock worth $36,129,000 after acquiring an additional 119,434 shares during the period. Quadrature Capital Ltd grew its holdings in Docebo by 327.4% during the fourth quarter. Quadrature Capital Ltd now owns 140,600 shares of the company’s stock worth $6,810,000 after acquiring an additional 107,700 shares during the period. Lord Abbett & CO. LLC grew its holdings in Docebo by 54.4% during the first quarter. Lord Abbett & CO. LLC now owns 149,590 shares of the company’s stock worth $7,327,000 after acquiring an additional 52,681 shares during the period. Finally, Fiera Capital Corp grew its holdings in Docebo by 38.0% during the fourth quarter. Fiera Capital Corp now owns 190,249 shares of the company’s stock worth $9,218,000 after acquiring an additional 52,364 shares during the period. Institutional investors own 53.17% of the company’s stock.

Analyst Upgrades and Downgrades

DCBO has been the topic of a number of research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $45.00 target price on shares of Docebo in a report on Wednesday, June 12th. CIBC lowered their target price on Docebo from $53.00 to $44.00 and set an “outperformer” rating on the stock in a report on Friday, June 21st. Finally, Craig Hallum began coverage on Docebo in a research note on Friday, June 7th. They issued a “buy” rating and a $58.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $54.50.

Docebo Trading Down 0.9 %

Shares of NASDAQ DCBO opened at $41.29 on Thursday. Docebo Inc. has a one year low of $33.81 and a one year high of $56.41. The firm has a market capitalization of $1.25 billion, a PE ratio of 187.68 and a beta of 1.55. 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 business has a 50-day moving average price of $40.22 and a two-hundred day moving average price of $42.54.

Docebo (NASDAQ:DCBO) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). Docebo had a return on equity of 29.82% and a net margin of 8.56%. The business had revenue of $53.05 million for the quarter, compared to analyst estimates of $52.30 million. As a group, analysts predict that Docebo Inc. will post 0.8 earnings per share for the current fiscal year.

Docebo 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.