Docebo Inc. (NASDAQ:DCBO) Given Consensus Rating of “Buy” by Analysts

Docebo Inc. (NASDAQ:DCBOGet Rating) has earned an average rating of “Buy” from the ten brokerages that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $88.25.

A number of analysts recently weighed in on DCBO shares. Morgan Stanley started coverage on shares of Docebo in a research report on Tuesday. They set an “equal weight” rating and a $54.00 price target for the company. Canaccord Genuity Group lowered their target price on Docebo from $80.00 to $65.00 in a research note on Friday, March 11th. Finally, CIBC reduced their price target on Docebo from C$125.00 to C$102.00 in a research report on Monday, January 10th.

NASDAQ DCBO opened at $43.70 on Thursday. Docebo has a 1-year low of $38.31 and a 1-year high of $92.75. The firm has a market capitalization of $1.44 billion, a P/E ratio of -106.59 and a beta of 2.27. The business’s 50-day simple moving average is $47.85 and its 200-day simple moving average is $59.50.

Docebo (NASDAQ:DCBOGet Rating) last announced its quarterly earnings results on Thursday, March 10th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. The business had revenue of $29.80 million for the quarter, compared to analyst estimates of $29.46 million. During the same period last year, the firm earned ($0.12) earnings per share. The company’s quarterly revenue was up 58.5% on a year-over-year basis. On average, equities analysts expect that Docebo will post -0.21 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the business. Cat Rock Capital Management LP raised its position in shares of Docebo by 2.8% in the 4th quarter. Cat Rock Capital Management LP now owns 3,283,419 shares of the company’s stock valued at $220,453,000 after purchasing an additional 90,900 shares in the last quarter. FIL Ltd raised its holdings in Docebo by 44.5% in the third quarter. FIL Ltd now owns 2,051,727 shares of the company’s stock valued at $149,822,000 after acquiring an additional 631,453 shares in the last quarter. 3G Capital Partners LP boosted its stake in Docebo by 7.5% during the 4th quarter. 3G Capital Partners LP now owns 430,000 shares of the company’s stock valued at $28,879,000 after acquiring an additional 30,000 shares during the last quarter. Atika Capital Management LLC grew its holdings in Docebo by 26.0% during the 4th quarter. Atika Capital Management LLC now owns 286,200 shares of the company’s stock worth $22,293,000 after acquiring an additional 59,000 shares in the last quarter. Finally, Akkr Management Company LLC acquired a new position in Docebo during the 4th quarter worth $12,884,000. Institutional investors own 76.84% of the company’s stock.

Docebo Company Profile (Get Rating)

Docebo Inc provides a cloud-based learning management system to train internal and external workforces, partners, and customers in North America, Europe, and the Asia-Pacific region. Its platform helps customers to centralize learning materials from peer enterprises and learners into one learning management system (LMS) to expedite and enrich the learning process, increase productivity, and grow teams uniformly.

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Analyst Recommendations for Docebo (NASDAQ:DCBO)

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