Analysts Set Docebo Inc. (NASDAQ:DCBO) PT at $44.13

Shares of Docebo Inc. (NASDAQ:DCBO) have been assigned an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $44.13.

A number of analysts have issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $42.00 target price on shares of Docebo in a research report on Thursday, April 10th. National Bank Financial downgraded Docebo from an “outperform” rating to a “sector perform” rating in a research report on Friday, May 9th. National Bankshares decreased their target price on Docebo from $55.00 to $45.00 and set an “outperform” rating for the company in a research report on Friday, April 25th. Wall Street Zen downgraded Docebo from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. Finally, Morgan Stanley downgraded Docebo from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $41.00 to $32.00 in a research report on Monday, May 12th.

Docebo Trading Down 2.8%

Shares of DCBO opened at $30.18 on Friday. The company has a market capitalization of $869.18 million, a price-to-earnings ratio of 40.78 and a beta of 1.48. The stock has a 50 day moving average of $28.20 and a 200 day moving average of $32.03. Docebo has a 12 month low of $25.50 and a 12 month high of $53.86.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Geode Capital Management LLC increased its holdings in shares of Docebo by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 40,903 shares of the company’s stock worth $1,832,000 after buying an additional 360 shares during the period. Grandeur Peak Global Advisors LLC increased its holdings in shares of Docebo by 3.6% in the fourth quarter. Grandeur Peak Global Advisors LLC now owns 11,525 shares of the company’s stock worth $517,000 after buying an additional 400 shares during the period. Public Employees Retirement System of Ohio increased its holdings in shares of Docebo by 7.3% in the second quarter. Public Employees Retirement System of Ohio now owns 11,444 shares of the company’s stock worth $331,000 after buying an additional 783 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Docebo by 46.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,983 shares of the company’s stock worth $134,000 after buying an additional 949 shares during the period. Finally, Advisory Services Network LLC increased its holdings in shares of Docebo by 10.5% in the fourth quarter. Advisory Services Network LLC now owns 16,065 shares of the company’s stock worth $720,000 after buying an additional 1,526 shares during the period. Hedge funds and other institutional investors own 53.17% of the company’s stock.

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.