Docebo (NASDAQ:DCBO) PT Raised to $55.00

Docebo (NASDAQ:DCBO) had its price objective boosted by Scotiabank from $50.00 to $55.00 in a research note released on Thursday morning, Marketbeat reports. The brokerage currently has a sector outperform rating on the stock.

A number of other brokerages have also recently weighed in on DCBO. CIBC upped their price objective on Docebo from $44.00 to $52.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Needham & Company LLC restated a “buy” rating and issued a $50.00 price target (up from $45.00) on shares of Docebo in a report on Thursday, September 12th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $56.00.

Docebo Price Performance

NASDAQ:DCBO opened at $46.06 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.11 and a quick ratio of 1.11. Docebo has a 1-year low of $33.81 and a 1-year high of $56.41. The company has a 50-day moving average of $43.86 and a 200 day moving average of $41.07. The firm has a market cap of $1.39 billion, a PE ratio of 209.36 and a beta of 1.55.

Docebo (NASDAQ:DCBO) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The business had revenue of $53.05 million for the quarter, compared to the consensus estimate of $52.30 million. Docebo had a net margin of 8.56% and a return on equity of 29.82%. As a group, research analysts anticipate that Docebo will post 0.79 EPS for the current fiscal year.

Institutional Trading of Docebo

Large investors have recently added to or reduced their stakes in the company. Stanley Laman Group Ltd. acquired a new stake in shares of Docebo during the second quarter worth about $843,000. Lord Abbett & CO. LLC lifted its stake in Docebo by 54.4% during the 1st quarter. Lord Abbett & CO. LLC now owns 149,590 shares of the company’s stock valued at $7,327,000 after acquiring an additional 52,681 shares during the period. Bank of Montreal Can lifted its stake in Docebo by 23.1% during the 2nd quarter. Bank of Montreal Can now owns 371,690 shares of the company’s stock valued at $14,198,000 after acquiring an additional 69,787 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of Docebo by 109.0% in the 1st quarter. Acadian Asset Management LLC now owns 53,497 shares of the company’s stock valued at $2,611,000 after acquiring an additional 27,897 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Docebo by 15.1% in the second quarter. Renaissance Technologies LLC now owns 118,800 shares of the company’s stock worth $4,589,000 after acquiring an additional 15,600 shares during the period. Hedge funds and other institutional investors own 53.17% of the company’s stock.

Docebo Company Profile

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.