Docebo Inc. (NASDAQ:DCBO) Receives $30.92 Consensus PT from Brokerages

Shares of Docebo Inc. (NASDAQ:DCBO) have been assigned an average recommendation of “Moderate Buy” from the sixteen brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $30.9167.

A number of research firms have commented on DCBO. Craig Hallum restated a “buy” rating and issued a $38.00 price target on shares of Docebo in a report on Monday, March 2nd. TD Securities raised shares of Docebo to a “strong-buy” rating in a research report on Thursday, January 15th. Stifel Nicolaus reduced their target price on Docebo from $34.00 to $28.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. Morgan Stanley decreased their target price on Docebo from $28.00 to $26.00 and set an “equal weight” rating for the company in a research report on Monday, March 2nd. Finally, UBS Group reaffirmed a “buy” rating on shares of Docebo in a research note on Monday, March 2nd.

Docebo Stock Performance

NASDAQ:DCBO opened at $17.13 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.03. Docebo has a twelve month low of $16.07 and a twelve month high of $33.70. The company has a fifty day moving average of $18.54 and a 200-day moving average of $21.92. The firm has a market capitalization of $442.30 million, a P/E ratio of 13.49 and a beta of 1.40.

Hedge Funds Weigh In On Docebo

A number of institutional investors have recently modified their holdings of the company. Topline Capital Management LLC grew its position in Docebo by 484.9% in the 3rd quarter. Topline Capital Management LLC now owns 323,219 shares of the company’s stock valued at $8,834,000 after purchasing an additional 267,962 shares during the period. Beutel Goodman & Co Ltd. acquired a new position in Docebo during the second quarter worth $7,189,000. Wellington Management Group LLP lifted its stake 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 valued at $11,818,000 after buying an additional 134,437 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of Docebo by 467.1% in the first quarter. Royal Bank of Canada now owns 158,340 shares of the company’s stock valued at $4,546,000 after buying an additional 130,419 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Docebo by 137.2% during the fourth quarter. Millennium Management LLC now owns 213,444 shares of the company’s stock valued at $4,741,000 after buying an additional 123,473 shares during the last quarter. 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.