Docebo Inc. (NASDAQ:DCBO) Receives $61.40 Consensus Price Target from Brokerages

Docebo Inc. (NASDAQ:DCBO) has been assigned a consensus rating of “Moderate Buy” from the eleven analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $61.40.

A number of equities research analysts recently weighed in on the company. Scotiabank upped their price objective on Docebo from $60.00 to $65.00 and gave the stock a “sector outperform” rating in a research note on Monday, February 26th. Eight Capital dropped their target price on Docebo from $75.00 to $65.00 and set a “buy” rating on the stock in a research note on Monday, February 26th. Stifel Nicolaus increased their price target on Docebo from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, February 26th. Morgan Stanley dropped their price target on Docebo from $67.00 to $65.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. Finally, CIBC increased their price objective on shares of Docebo from $49.81 to $58.00 and gave the company an “outperform” rating in a research report on Thursday, January 11th.

Docebo Stock Performance

Shares of Docebo stock opened at $45.62 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.01. The firm has a market cap of $1.39 billion, a P/E ratio of 506.95 and a beta of 1.64. The stock’s fifty day moving average price is $48.79 and its 200-day moving average price is $46.83. Docebo has a 12 month low of $29.40 and a 12 month high of $56.41.

Docebo (NASDAQ:DCBO) last issued its quarterly earnings data on Friday, February 23rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.12. The company had revenue of $49.28 million for the quarter, compared to analyst estimates of $48.46 million. Docebo had a net margin of 1.57% and a return on equity of 12.45%. On average, equities research analysts expect that Docebo will post 0.73 earnings per share for the current fiscal year.

Institutional Trading of Docebo

Several hedge funds and other institutional investors have recently bought and sold shares of DCBO. National Bank of Canada FI lifted its stake in shares of Docebo by 291.7% in the 4th quarter. National Bank of Canada FI now owns 373,582 shares of the company’s stock valued at $16,811,000 after purchasing an additional 278,201 shares during the period. Mackenzie Financial Corp boosted its stake in shares of Docebo by 235.6% in the fourth quarter. Mackenzie Financial Corp now owns 247,916 shares of the company’s stock worth $11,978,000 after acquiring an additional 174,037 shares during the last quarter. American Century Companies Inc. lifted its holdings in Docebo by 157.5% in the 3rd quarter. American Century Companies Inc. now owns 252,247 shares of the company’s stock valued at $10,229,000 after purchasing an additional 154,281 shares in the last quarter. Quadrature Capital Ltd grew its holdings in shares of Docebo by 327.4% during the fourth quarter. Quadrature Capital Ltd now owns 140,600 shares of the company’s stock worth $6,810,000 after buying an additional 107,700 shares in the last quarter. Finally, TD Asset Management Inc lifted its stake in shares of Docebo by 572.0% in the fourth quarter. TD Asset Management Inc now owns 94,488 shares of the company’s stock worth $4,585,000 after buying an additional 80,428 shares in the last quarter. 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.