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

Shares of Docebo Inc. (NASDAQ:DCBO) have received a consensus rating of “Moderate Buy” from the fifteen ratings firms that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $30.18.

A number of research firms recently issued reports on DCBO. ATB Cormark Capital Markets lowered their target price on Docebo from $36.00 to $35.00 and set an “outperform” rating on the stock in a research report on Monday, July 20th. Wall Street Zen cut Docebo from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings raised Docebo from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Needham & Company LLC restated a “buy” rating and issued a $31.00 price target on shares of Docebo in a research note on Friday, July 17th. Finally, Zacks Research raised Docebo from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 19th.

Docebo Trading Up 2.1%

Shares of DCBO stock opened at $28.16 on Tuesday. The firm’s fifty day moving average price is $24.31 and its two-hundred day moving average price is $20.42. Docebo has a 1 year low of $14.39 and a 1 year high of $28.89. The firm has a market capitalization of $705.41 million, a P/E ratio of 24.70 and a beta of 1.22.

Docebo (NASDAQ:DCBO) last posted its quarterly earnings data on Friday, August 7th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.08. Docebo had a net margin of 12.98% and a return on equity of 120.29%. The company had revenue of $63.80 million during the quarter, compared to the consensus estimate of $67.14 million. As a group, equities research analysts forecast that Docebo will post 1.44 EPS for the current fiscal year.

Institutional Investors Weigh In On Docebo

Several large investors have recently made changes to their positions in the stock. Allworth Financial LP bought a new position in shares of Docebo in the second quarter valued at $52,000. NewEdge Advisors LLC increased its holdings in Docebo by 1,101.5% during the first quarter. NewEdge Advisors LLC now owns 3,977 shares of the company’s stock worth $69,000 after buying an additional 3,646 shares during the last quarter. State of Wyoming acquired a new position in Docebo during the second quarter worth $137,000. DGS Capital Management LLC bought a new stake in Docebo during the first quarter worth $178,000. Finally, K2 Principal Fund L.P. bought a new stake in Docebo during the second quarter worth $303,000. Institutional investors and hedge funds own 53.17% of the company’s stock.

About Docebo

Docebo Inc develops cloud-based learning management software for businesses and other organizations. Its platform is designed to help companies create, manage and deliver employee, customer, partner and member education through online learning programs.

The Docebo Learning Platform includes tools for course administration, content creation and management, assessments, reporting, automation and artificial intelligence. It also supports extended-enterprise learning, enabling organizations to provide training to audiences outside their workforce.