Docebo Inc. (NASDAQ:DCBO) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

Docebo Inc. (NASDAQ:DCBO) has received an average rating of “Moderate Buy” from the sixteen ratings firms that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $31.23.

Several research analysts have recently weighed in on the stock. Wall Street Zen raised shares of Docebo from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. National Bank Financial raised their target price on shares of Docebo from $22.00 to $24.00 and gave the stock a “sector perform” rating in a report on Monday, August 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $31.00 target price on shares of Docebo in a research report on Friday, July 17th. Weiss Ratings upgraded shares of Docebo from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, September 2nd. Finally, ATB Cormark Capital Markets lowered their price target on Docebo from $36.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, July 20th.

Docebo Price Performance

Docebo stock opened at $23.44 on Friday. Docebo has a one year low of $14.39 and a one year high of $28.72. The business’s fifty day moving average is $23.18 and its 200 day moving average is $19.81. The stock has a market capitalization of $587.17 million, a PE ratio of 20.56 and a beta of 1.22.

Docebo (NASDAQ:DCBO) last issued its earnings results on Friday, August 7th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.08. The business had revenue of $63.80 million during the quarter, compared to analyst estimates of $67.14 million. Docebo had a return on equity of 120.29% and a net margin of 12.98%. As a group, sell-side analysts expect that Docebo will post 1.44 EPS for the current fiscal year.

Institutional Trading of Docebo

A number of hedge funds have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership grew its stake in shares of Docebo by 16.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 615,587 shares of the company’s stock valued at $10,775,000 after purchasing an additional 86,038 shares during the period. NewGen Asset Management Ltd purchased a new stake in shares of Docebo during the 1st quarter valued at about $1,558,000. Sei Investments Co. lifted its stake in shares of Docebo by 211.7% in the 1st quarter. Sei Investments Co. now owns 56,034 shares of the company’s stock worth $979,000 after purchasing an additional 38,058 shares during the period. Hillsdale Investment Management Inc. bought a new position in shares of Docebo in the 4th quarter worth approximately $883,000. Finally, Turtle Creek Asset Management Inc. boosted its holdings in shares of Docebo by 38.6% in the first quarter. Turtle Creek Asset Management Inc. now owns 21,200 shares of the company’s stock worth $370,000 after buying an additional 5,900 shares during the last quarter. Hedge funds and other institutional investors own 53.17% of the company’s stock.

Docebo Company Profile

Docebo Inc develops cloud-based learning management and learning technology solutions for businesses and other organizations. Its platform is designed to help companies create, deliver, manage and measure employee, customer and partner training programs through online and blended learning.

The Docebo Learning Platform includes tools for course administration, content management, virtual and social learning, assessments, reporting and analytics. The company also offers capabilities focused on artificial intelligence, learning-content creation, skills development and measuring the impact of training.