Docebo Inc. (NASDAQ:DCBO) Forecasted to Earn Q1 2024 Earnings of $0.15 Per Share

Docebo Inc. (NASDAQ:DCBO) – Equities researchers at National Bank Financial issued their Q1 2024 EPS estimates for Docebo in a report issued on Wednesday, April 17th. National Bank Financial analyst R. Tse anticipates that the company will post earnings per share of $0.15 for the quarter. The consensus estimate for Docebo’s current full-year earnings is $0.81 per share.

Docebo (NASDAQ:DCBO) last posted its quarterly earnings data on Friday, February 23rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.12. The business had revenue of $49.28 million for the quarter, compared to analysts’ expectations of $48.46 million. Docebo had a return on equity of 12.45% and a net margin of 1.57%.

Several other equities analysts have also commented on the stock. TheStreet raised shares of Docebo from a “d+” rating to a “c-” rating in a research report on Monday, March 18th. Eight Capital cut their target price on Docebo from $75.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, February 26th. The Goldman Sachs Group lifted their target price on Docebo from $44.00 to $55.00 and gave the company a “neutral” rating in a report on Monday, February 26th. Stifel Nicolaus upped their price target on Docebo from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, February 26th. Finally, CIBC boosted their target price on Docebo from $49.81 to $58.00 and gave the stock an “outperform” rating in a report on Thursday, January 11th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $61.40.

Docebo Trading Up 0.1 %

Shares of DCBO stock opened at $44.49 on Friday. The firm’s 50-day simple moving average is $49.08 and its 200-day simple moving average is $46.38. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.26 and a quick ratio of 1.26. Docebo has a 1-year low of $29.40 and a 1-year high of $56.41. The firm has a market cap of $1.35 billion, a P/E ratio of 494.39 and a beta of 1.64.

Institutional Investors Weigh In On Docebo

Large investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its position in Docebo by 60.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 800 shares of the company’s stock valued at $32,000 after buying an additional 300 shares during the last quarter. Osaic Holdings Inc. raised its position in shares of Docebo by 30.3% in the 2nd quarter. Osaic Holdings Inc. now owns 1,085 shares of the company’s stock valued at $43,000 after purchasing an additional 252 shares in the last quarter. Qube Research & Technologies Ltd purchased a new position in shares of Docebo during the 3rd quarter valued at approximately $49,000. Tower Research Capital LLC TRC increased its stake in shares of Docebo by 53.5% in the third quarter. Tower Research Capital LLC TRC now owns 1,639 shares of the company’s stock worth $66,000 after buying an additional 571 shares during the last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in Docebo in the first quarter valued at $128,000. 53.17% of the stock is owned by institutional investors and hedge funds.

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.