Docebo Inc. (NASDAQ:DCBO) Receives $30.92 Average Price Target from Analysts

Docebo Inc. (NASDAQ:DCBO) has earned an average recommendation of “Moderate Buy” from the sixteen research firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, ten have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $30.9167.

A number of research firms have issued reports on DCBO. Cantor Fitzgerald reduced their price target on Docebo from $35.00 to $28.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 21st. TD Securities raised Docebo to a “strong-buy” rating in a research report on Thursday, January 15th. UBS Group restated a “buy” rating on shares of Docebo in a research note on Monday, March 2nd. Oppenheimer reaffirmed an “outperform” rating and issued a $25.00 target price on shares of Docebo in a report on Thursday, January 29th. Finally, ATB Cormark Capital Markets upgraded shares of Docebo to an “outperform” rating in a research note on Wednesday, December 10th.

Docebo Trading Up 20.4%

NASDAQ:DCBO opened at $22.51 on Monday. Docebo has a 12-month low of $16.07 and a 12-month high of $33.70. The firm has a market cap of $647.39 million, a PE ratio of 17.72 and a beta of 1.44. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.03. The stock has a fifty day moving average price of $19.32 and a 200 day moving average price of $23.44.

Institutional Investors Weigh In On Docebo

Several institutional investors have recently modified their holdings of DCBO. Long Path Partners LP lifted its holdings in Docebo by 30.5% during the 2nd quarter. Long Path Partners LP now owns 1,176,750 shares of the company’s stock worth $34,055,000 after buying an additional 275,176 shares during the last quarter. Envestnet Asset Management Inc. purchased a new position in shares of Docebo in the 3rd quarter valued at about $823,000. Quadrature Capital Ltd increased its holdings in shares of Docebo by 84.6% in the 2nd quarter. Quadrature Capital Ltd now owns 86,200 shares of the company’s stock valued at $2,487,000 after acquiring an additional 39,500 shares during the last quarter. Bank of Montreal Can raised its position in shares of Docebo by 21.6% during the 2nd quarter. Bank of Montreal Can now owns 399,152 shares of the company’s stock worth $11,577,000 after acquiring an additional 70,827 shares in the last quarter. Finally, Beutel Goodman & Co Ltd. acquired a new stake in shares of Docebo during the 2nd quarter worth about $7,189,000. 53.17% of the stock is owned by hedge funds and other institutional investors.

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.