Docebo Inc. (NASDAQ:DCBO) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Docebo Inc. (NASDAQ:DCBO) have been assigned an average recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $57.36.

A number of equities analysts recently weighed in on the stock. Atb Cap Markets lowered shares of Docebo from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. CIBC boosted their target price on Docebo from $44.00 to $52.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Needham & Company LLC upped their price target on Docebo from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Craig Hallum lifted their price objective on Docebo from $58.00 to $62.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Scotiabank upped their target price on Docebo from $50.00 to $55.00 and gave the company a “sector outperform” rating in a report on Thursday, October 24th.

Institutional Investors Weigh In On Docebo

A number of institutional investors have recently made changes to their positions in the stock. Plato Investment Management Ltd purchased a new position in shares of Docebo during the 3rd quarter worth approximately $35,000. Barclays PLC purchased a new position in shares of Docebo during the third quarter worth $142,000. Riverwater Partners LLC acquired a new stake in shares of Docebo in the third quarter valued at $200,000. Point72 Asset Management L.P. acquired a new stake in shares of Docebo in the second quarter valued at $189,000. Finally, Pathway Financial Advisors LLC purchased a new stake in shares of Docebo in the 3rd quarter valued at $221,000. 53.17% of the stock is currently owned by institutional investors and hedge funds.

Docebo Trading Down 2.7 %

Shares of DCBO opened at $43.28 on Wednesday. Docebo has a 52-week low of $33.81 and a 52-week high of $56.41. The stock has a market cap of $1.31 billion, a PE ratio of 74.62 and a beta of 1.56. The firm’s fifty day moving average is $47.99 and its two-hundred day moving average is $43.87. 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 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.