Docebo Inc. (NASDAQ:DCBO) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Docebo Inc. (NASDAQ:DCBO) have been assigned a consensus recommendation of “Moderate Buy” from the ten brokerages that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $44.1250.

Several equities research analysts recently weighed in on the company. Scotiabank reduced their target price on Docebo from $45.00 to $40.00 and set a “sector outperform” rating for the company in a report on Monday, May 12th. National Bankshares reduced their price objective on shares of Docebo from $55.00 to $45.00 and set an “outperform” rating for the company in a research note on Friday, April 25th. Atb Cap Markets downgraded shares of Docebo from a “strong-buy” rating to a “hold” rating in a report on Sunday, May 11th. National Bank Financial lowered shares of Docebo from an “outperform” rating to a “sector perform” rating in a research note on Friday, May 9th. Finally, Cantor Fitzgerald assumed coverage on shares of Docebo in a research report on Monday, June 9th. They set an “overweight” rating and a $35.00 target price for the company.

Institutional Trading of Docebo

Several institutional investors have recently modified their holdings of the company. Employees Retirement System of Texas bought a new position in Docebo during the second quarter worth about $44,000. Tower Research Capital LLC TRC raised its holdings in shares of Docebo by 46.7% in the 4th 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 in the last quarter. Deutsche Bank AG bought a new position in shares of Docebo during the 4th quarter worth approximately $242,000. Aigen Investment Management LP acquired a new stake in Docebo in the 1st quarter valued at $263,000. Finally, State of Wyoming acquired a new stake in Docebo in the 4th quarter valued at $275,000. Institutional investors and hedge funds own 53.17% of the company’s stock.

Docebo Trading Down 4.4%

NASDAQ:DCBO opened at $29.75 on Thursday. The stock’s 50 day moving average price is $29.44 and its 200 day moving average price is $30.80. Docebo has a 52 week low of $25.50 and a 52 week high of $53.86. The company has a market capitalization of $854.72 million, a P/E ratio of 43.12 and a beta of 1.48. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.04 and a current ratio of 1.04.

About Docebo

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.