National Bank Financial Comments on Docebo Inc.’s Q1 2024 Earnings (NASDAQ:DCBO)

Docebo Inc. (NASDAQ:DCBO) – Research analysts at National Bank Financial issued their Q1 2024 earnings estimates for Docebo in a report released on Wednesday, April 17th. National Bank Financial analyst R. Tse forecasts that the company will earn $0.15 per share for the quarter. The consensus estimate for Docebo’s current full-year earnings is $0.81 per share.

Docebo (NASDAQ:DCBO) last issued its quarterly earnings data on Friday, February 23rd. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.09 by $0.12. Docebo had a return on equity of 12.45% and a net margin of 1.57%. The company had revenue of $49.28 million for the quarter, compared to analyst estimates of $48.46 million.

Several other equities research analysts have also recently issued reports on DCBO. Stifel Nicolaus lifted their price objective on Docebo from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, February 26th. Scotiabank lifted their target price on shares of Docebo from $60.00 to $65.00 and gave the stock a “sector outperform” rating in a research note on Monday, February 26th. TheStreet upgraded shares of Docebo from a “d+” rating to a “c-” rating in a research report on Monday, March 18th. CIBC upped their price objective on shares of Docebo from $49.81 to $58.00 and gave the company an “outperform” rating in a research note on Thursday, January 11th. Finally, Canaccord Genuity Group raised their target price on shares of Docebo from $50.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, February 26th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $61.40.

Docebo Stock Performance

DCBO opened at $44.49 on Friday. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 494.39 and a beta of 1.64. The firm’s fifty day simple moving average is $49.08 and its two-hundred day simple moving average is $46.38. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.01. Docebo has a 52-week low of $29.40 and a 52-week high of $56.41.

Institutional Investors Weigh In On Docebo

Institutional investors and hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its position in shares of Docebo by 60.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 800 shares of the company’s stock worth $32,000 after purchasing an additional 300 shares during the period. Osaic Holdings Inc. grew its stake in shares of Docebo by 30.3% in the second quarter. Osaic Holdings Inc. now owns 1,085 shares of the company’s stock valued at $43,000 after buying an additional 252 shares in the last quarter. Qube Research & Technologies Ltd purchased a new stake in shares of Docebo in the 3rd quarter valued at $49,000. Tower Research Capital LLC TRC raised its holdings in shares of Docebo by 53.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,639 shares of the company’s stock valued at $66,000 after buying an additional 571 shares during the period. Finally, UBS Group AG lifted its stake in Docebo by 58.4% during the 3rd quarter. UBS Group AG now owns 4,094 shares of the company’s stock worth $111,000 after acquiring an additional 1,510 shares in the last quarter. 53.17% of the stock is owned by hedge funds and other institutional investors.

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.