Docebo Inc. (NASDAQ:DCBO) Receives $30.67 Average Target Price from Analysts

Docebo Inc. (NASDAQ:DCBO) has been assigned a consensus rating of “Moderate Buy” from the sixteen research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $30.6667.

Several brokerages have weighed in on DCBO. Weiss Ratings upgraded Docebo from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 8th. Needham & Company LLC reiterated a “buy” rating and issued a $31.00 target price on shares of Docebo in a research note on Friday. Zacks Research downgraded shares of Docebo from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Wall Street Zen lowered shares of Docebo from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Finally, National Bank Financial cut their price target on shares of Docebo from $24.00 to $21.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 27th.

Hedge Funds Weigh In On Docebo

Several hedge funds have recently modified their holdings of the company. Topline Capital Management LLC grew its position in shares of Docebo by 484.9% during the 3rd quarter. Topline Capital Management LLC now owns 323,219 shares of the company’s stock valued at $8,834,000 after acquiring an additional 267,962 shares during the period. Wellington Management Group LLP increased its stake in shares of Docebo by 45.1% during the 3rd quarter. Wellington Management Group LLP now owns 432,426 shares of the company’s stock worth $11,818,000 after purchasing an additional 134,437 shares during the last quarter. Royal Bank of Canada increased its stake in shares of Docebo by 467.1% during the 1st quarter. Royal Bank of Canada now owns 158,340 shares of the company’s stock worth $4,546,000 after purchasing an additional 130,419 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Docebo by 137.2% in the 4th quarter. Millennium Management LLC now owns 213,444 shares of the company’s stock worth $4,741,000 after purchasing an additional 123,473 shares during the period. Finally, Two Sigma Investments LP raised its holdings in shares of Docebo by 211.3% in the 3rd quarter. Two Sigma Investments LP now owns 160,772 shares of the company’s stock worth $4,394,000 after purchasing an additional 109,128 shares during the period. Institutional investors own 53.17% of the company’s stock.

Docebo Stock Up 9.9%

Shares of NASDAQ:DCBO opened at $20.38 on Friday. The stock has a market cap of $512.43 million, a price-to-earnings ratio of 17.57 and a beta of 1.27. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.03. Docebo has a 12-month low of $14.39 and a 12-month high of $33.42. The business’s 50 day moving average is $17.84 and its 200 day moving average is $18.52.

Docebo Company Profile

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.