National Bank Financial Weighs in on Docebo Inc.’s FY2023 Earnings (NASDAQ:DCBO)

Docebo Inc. (NASDAQ:DCBOGet Rating) – Equities research analysts at National Bank Financial raised their FY2023 earnings per share (EPS) estimates for Docebo in a research report issued to clients and investors on Thursday, May 12th. National Bank Financial analyst R. Tse now forecasts that the company will earn $0.27 per share for the year, up from their prior estimate of $0.26.

DCBO has been the topic of a number of other reports. Morgan Stanley initiated coverage on shares of Docebo in a research note on Tuesday, April 26th. They set an “equal weight” rating and a $54.00 price objective on the stock. Canaccord Genuity Group reduced their price target on shares of Docebo from $80.00 to $65.00 in a research report on Friday, March 11th. Zacks Investment Research downgraded shares of Docebo from a “buy” rating to a “hold” rating in a research report on Wednesday, May 11th. Finally, TD Securities reduced their price target on shares of Docebo from C$90.00 to C$70.00 in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Docebo currently has an average rating of “Buy” and a consensus price target of $75.90.

NASDAQ DCBO opened at $32.68 on Monday. Docebo has a 12 month low of $28.72 and a 12 month high of $92.75. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of -72.62 and a beta of 2.06. The company’s fifty day moving average price is $45.76 and its two-hundred day moving average price is $56.05.

Docebo (NASDAQ:DCBOGet Rating) last released its quarterly earnings data on Thursday, May 12th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.15). The firm had revenue of $32.10 million for the quarter, compared to the consensus estimate of $31.95 million. The firm’s quarterly revenue was up 47.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.17) earnings per share.

Hedge funds have recently bought and sold shares of the stock. Cat Rock Capital Management LP raised its position in Docebo by 2.8% during the fourth quarter. Cat Rock Capital Management LP now owns 3,283,419 shares of the company’s stock valued at $220,453,000 after acquiring an additional 90,900 shares in the last quarter. FIL Ltd boosted its stake in Docebo by 44.5% during the third quarter. FIL Ltd now owns 2,051,727 shares of the company’s stock worth $149,822,000 after buying an additional 631,453 shares in the last quarter. 3G Capital Partners LP boosted its stake in shares of Docebo by 7.5% in the 4th quarter. 3G Capital Partners LP now owns 430,000 shares of the company’s stock valued at $28,879,000 after purchasing an additional 30,000 shares in the last quarter. Brightlight Capital Management LP raised its holdings in shares of Docebo by 10.2% in the first quarter. Brightlight Capital Management LP now owns 415,800 shares of the company’s stock valued at $21,482,000 after buying an additional 38,500 shares during the last quarter. Finally, Atika Capital Management LLC raised its holdings in shares of Docebo by 26.0% in the fourth quarter. Atika Capital Management LLC now owns 286,200 shares of the company’s stock valued at $22,293,000 after buying an additional 59,000 shares during the last quarter. Institutional investors and hedge funds own 35.59% 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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