Analysts Set Docebo Inc. (NASDAQ:DCBO) PT at $61.40

Docebo Inc. (NASDAQ:DCBO) has been assigned a consensus recommendation of “Moderate Buy” from the eleven research firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $61.40.

A number of analysts have recently issued reports on DCBO shares. Canaccord Genuity Group lifted their price objective on shares of Docebo from $50.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, February 26th. Scotiabank lifted their price objective on Docebo from $60.00 to $65.00 and gave the stock a “sector outperform” rating in a report on Monday, February 26th. The Goldman Sachs Group raised their price target on shares of Docebo from $44.00 to $55.00 and gave the stock a “neutral” rating in a research report on Monday, February 26th. Morgan Stanley reduced their price objective on shares of Docebo from $67.00 to $65.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. Finally, TheStreet raised shares of Docebo from a “d+” rating to a “c-” rating in a research report on Monday, March 18th.

Docebo Price Performance

Shares of Docebo stock opened at $45.62 on Friday. The stock has a market capitalization of $1.39 billion, a P/E ratio of 506.95 and a beta of 1.64. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.01. The business’s fifty day moving average price is $48.79 and its 200 day moving average price is $46.83. Docebo has a twelve month low of $29.40 and a twelve month high of $56.41.

Docebo (NASDAQ:DCBO) last released its quarterly earnings data on Friday, February 23rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.12. The company had revenue of $49.28 million during the quarter, compared to the consensus estimate of $48.46 million. Docebo had a net margin of 1.57% and a return on equity of 12.45%. As a group, research analysts anticipate that Docebo will post 0.73 earnings per share for the current year.

Hedge Funds Weigh In On Docebo

Several hedge funds have recently modified their holdings of DCBO. National Bank of Canada FI grew its stake in shares of Docebo by 291.7% in the 4th quarter. National Bank of Canada FI now owns 373,582 shares of the company’s stock worth $16,811,000 after purchasing an additional 278,201 shares during the last quarter. American Century Companies Inc. raised its position in shares of Docebo by 157.5% during the third quarter. American Century Companies Inc. now owns 252,247 shares of the company’s stock worth $10,229,000 after purchasing an additional 154,281 shares during the period. Mackenzie Financial Corp lifted its holdings in shares of Docebo by 235.6% during the fourth quarter. Mackenzie Financial Corp now owns 247,916 shares of the company’s stock valued at $11,978,000 after purchasing an additional 174,037 shares during the last quarter. Bridger Management LLC boosted its position in shares of Docebo by 22.9% in the 4th quarter. Bridger Management LLC now owns 192,892 shares of the company’s stock valued at $9,332,000 after purchasing an additional 36,000 shares during the period. Finally, Fiera Capital Corp increased its stake in Docebo by 38.0% in the 4th quarter. Fiera Capital Corp now owns 190,249 shares of the company’s stock worth $9,218,000 after purchasing an additional 52,364 shares in the last quarter. 53.17% of the stock is currently owned by institutional investors and hedge funds.

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.