Docebo Inc. (NASDAQ:DCBO) Given Average Recommendation of “Buy” by Analysts

Shares of Docebo Inc. (NASDAQ:DCBOGet Rating) have been given a consensus recommendation of “Buy” by the ten ratings firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $80.75.

A number of analysts have recently issued reports on the stock. TD Securities dropped their price objective on shares of Docebo from C$90.00 to C$70.00 in a research note on Friday, May 13th. Zacks Investment Research cut shares of Docebo from a “buy” rating to a “hold” rating in a research report on Wednesday, May 11th. Morgan Stanley started coverage on shares of Docebo in a research report on Tuesday, April 26th. They set an “equal weight” rating and a $54.00 target price on the stock. Finally, Canaccord Genuity Group reduced their target price on shares of Docebo from $80.00 to $65.00 in a research report on Friday, March 11th.

Docebo stock opened at $35.35 on Monday. The stock’s 50-day moving average is $44.89 and its 200-day moving average is $54.56. The company has a market cap of $1.16 billion, a price-to-earnings ratio of -78.56 and a beta of 2.06. Docebo has a 12 month low of $28.72 and a 12 month high of $92.75.

Docebo (NASDAQ:DCBOGet Rating) last released its quarterly earnings data on Thursday, May 12th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.15). The firm had revenue of $32.10 million during the quarter, compared to the consensus estimate of $31.95 million. Docebo’s revenue for the quarter was up 47.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.17) EPS. Analysts expect that Docebo will post -0.22 EPS for the current fiscal year.

Large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC acquired a new stake in shares of Docebo during the fourth quarter worth $27,000. Baldwin Brothers LLC MA bought a new position in shares of Docebo during the first quarter worth about $41,000. Citigroup Inc. bought a new position in shares of Docebo during the third quarter worth about $56,000. Advisor Group Holdings Inc. grew its position in shares of Docebo by 44.1% during the third quarter. Advisor Group Holdings Inc. now owns 944 shares of the company’s stock worth $69,000 after acquiring an additional 289 shares during the last quarter. Finally, Shell Asset Management Co. grew its position in shares of Docebo by 51.6% during the fourth quarter. Shell Asset Management Co. now owns 1,642 shares of the company’s stock worth $110,000 after acquiring an additional 559 shares during the last quarter. 35.59% of the stock is currently owned by institutional investors.

About Docebo (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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