Docebo Inc. (NASDAQ:DCBO) Receives $51.36 Average Price Target from Brokerages

Docebo Inc. (NASDAQ:DCBO) has been given an average recommendation of “Buy” by the eleven analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $51.36.

DCBO has been the topic of several recent research reports. UBS Group set a $45.00 price target on Docebo in a report on Tuesday, March 4th. Morgan Stanley cut their target price on Docebo from $43.00 to $41.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Needham & Company LLC restated a “buy” rating and set a $42.00 price target on shares of Docebo in a research note on Thursday, April 10th. Atb Cap Markets raised shares of Docebo from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 28th. Finally, Scotiabank decreased their target price on shares of Docebo from $55.00 to $45.00 and set a “sector outperform” rating for the company in a research report on Tuesday, March 4th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new position in shares of Docebo during the 3rd quarter worth approximately $921,000. Barclays PLC bought a new stake in Docebo during the third quarter worth $142,000. Geode Capital Management LLC boosted its position in Docebo by 2.3% in the third quarter. Geode Capital Management LLC now owns 40,543 shares of the company’s stock worth $1,791,000 after purchasing an additional 911 shares during the last quarter. Rice Hall James & Associates LLC grew its stake in Docebo by 24.7% in the 4th quarter. Rice Hall James & Associates LLC now owns 110,190 shares of the company’s stock valued at $4,933,000 after purchasing an additional 21,806 shares during the period. Finally, Alberta Investment Management Corp increased its position in shares of Docebo by 47.9% during the 4th quarter. Alberta Investment Management Corp now owns 57,279 shares of the company’s stock valued at $2,567,000 after purchasing an additional 18,544 shares during the last quarter. 53.17% of the stock is currently owned by hedge funds and other institutional investors.

Docebo Price Performance

DCBO stock opened at $29.47 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 1.13. The company’s 50-day moving average is $31.87 and its 200-day moving average is $41.02. The stock has a market capitalization of $892.17 million, a PE ratio of 50.81 and a beta of 1.59. Docebo has a 1 year low of $26.00 and a 1 year high of $53.86.

Docebo Company Profile

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.