Brokerages Set Docebo Inc. (NASDAQ:DCBO) Price Target at $36.20

Shares of Docebo Inc. (NASDAQ:DCBO) have earned a consensus rating of “Moderate Buy” from the thirteen analysts that are presently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $36.20.

DCBO has been the topic of several recent research reports. TD Cowen reaffirmed a “buy” rating and set a $37.00 target price on shares of Docebo in a research note on Friday, October 3rd. Needham & Company LLC decreased their target price on shares of Docebo from $42.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Docebo in a report on Wednesday, October 8th. Zacks Research lowered Docebo from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Finally, Oppenheimer started coverage on shares of Docebo in a research report on Wednesday, November 5th. They set an “outperform” rating and a $35.00 price target on the stock.

Institutional Investors Weigh In On Docebo

Several institutional investors and hedge funds have recently modified their holdings of DCBO. Employees Retirement System of Texas purchased a new position in Docebo during the 2nd quarter valued at about $44,000. TD Waterhouse Canada Inc. boosted its stake in shares of Docebo by 39.5% in the third quarter. TD Waterhouse Canada Inc. now owns 6,380 shares of the company’s stock valued at $172,000 after purchasing an additional 1,805 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Docebo by 46.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,063 shares of the company’s stock valued at $193,000 after purchasing an additional 2,248 shares in the last quarter. Centiva Capital LP purchased a new stake in Docebo during the 3rd quarter worth approximately $204,000. Finally, Aigen Investment Management LP acquired a new stake in Docebo during the 1st quarter worth approximately $263,000. Hedge funds and other institutional investors own 53.17% of the company’s stock.

Docebo Stock Performance

DCBO opened at $20.63 on Friday. The company has a market cap of $592.91 million, a price-to-earnings ratio of 27.88 and a beta of 1.46. The firm’s fifty day simple moving average is $25.17 and its two-hundred day simple moving average is $27.80. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.05. Docebo has a 52-week low of $20.20 and a 52-week high of $50.80.

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.