Docebo Inc. (NASDAQ:DCBO) Receives $33.64 Consensus Price Target from Brokerages

Shares of Docebo Inc. (NASDAQ:DCBO) have been given a consensus recommendation of “Moderate Buy” by the thirteen brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, seven have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $33.6364.

Several research analysts have issued reports on DCBO shares. Canadian Imperial Bank of Commerce decreased their price target on shares of Docebo from $37.00 to $36.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. Wall Street Zen cut Docebo from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $38.00 target price on shares of Docebo in a report on Thursday, January 29th. National Bank Financial dropped their price target on Docebo from $31.00 to $24.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 22nd. Finally, Canaccord Genuity Group reduced their price objective on shares of Docebo from $46.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, February 2nd.

Docebo Price Performance

Shares of NASDAQ DCBO opened at $18.95 on Thursday. Docebo has a twelve month low of $18.11 and a twelve month high of $43.40. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.05. The firm has a 50-day moving average of $20.73 and a two-hundred day moving average of $25.03. The company has a market capitalization of $544.81 million, a price-to-earnings ratio of 25.61 and a beta of 1.40.

Institutional Trading of Docebo

Several large investors have recently added to or reduced their stakes in DCBO. Long Path Partners LP grew its holdings in shares of Docebo by 30.5% during the second quarter. Long Path Partners LP now owns 1,176,750 shares of the company’s stock valued at $34,055,000 after buying an additional 275,176 shares in the last quarter. Topline Capital Management LLC grew its stake in Docebo by 484.9% during the 3rd quarter. Topline Capital Management LLC now owns 323,219 shares of the company’s stock valued at $8,834,000 after acquiring an additional 267,962 shares in the last quarter. Beutel Goodman & Co Ltd. acquired a new position in shares of Docebo in the 2nd quarter valued at about $7,189,000. Wellington Management Group LLP lifted its position in shares of Docebo by 45.1% in the third quarter. Wellington Management Group LLP now owns 432,426 shares of the company’s stock worth $11,818,000 after purchasing an additional 134,437 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of Docebo by 467.1% during the first quarter. Royal Bank of Canada now owns 158,340 shares of the company’s stock worth $4,546,000 after purchasing an additional 130,419 shares during the period. 53.17% of the stock is owned by institutional investors and hedge funds.

About Docebo

Docebo is a cloud-based learning management system (LMS) provider that offers enterprise organizations a comprehensive platform for employee, customer and partner training. The company’s software is designed to streamline learning and development with features such as AI-powered content recommendations, automated learning paths and social collaboration tools. Docebo’s platform supports multiple languages and integrates with a variety of third-party applications, enabling businesses to deliver training at scale across different departments and regions.

Founded in 2005 and headquartered in Toronto, Canada, Docebo has expanded its footprint to serve customers in North America, Europe, the Middle East and the Asia Pacific region.