Docebo Inc. (NASDAQ:DCBO) Given Consensus Recommendation of “Buy” by Analysts

Docebo Inc. (NASDAQ:DCBO) has been given a consensus rating of “Buy” by the eleven research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $55.60.

DCBO has been the topic of a number of analyst reports. Needham & Company LLC increased their price target on Docebo from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Craig Hallum raised their target price on Docebo from $58.00 to $62.00 and gave the company a “buy” rating in a report on Monday, November 11th. Scotiabank reduced their target price on Docebo from $55.00 to $45.00 and set a “sector outperform” rating on the stock in a report on Tuesday. Finally, Atb Cap Markets raised Docebo from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th.

Institutional Investors Weigh In On Docebo

A number of institutional investors have recently added to or reduced their stakes in DCBO. Plato Investment Management Ltd bought a new position in shares of Docebo during the third quarter valued at $35,000. Quantbot Technologies LP acquired a new stake in Docebo in the fourth quarter valued at $132,000. Tower Research Capital LLC TRC raised its position in Docebo by 46.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,983 shares of the company’s stock worth $134,000 after purchasing an additional 949 shares during the last quarter. Barclays PLC acquired a new position in Docebo during the 3rd quarter worth about $142,000. Finally, Deutsche Bank AG acquired a new position in Docebo during the 4th quarter worth about $242,000. 53.17% of the stock is owned by institutional investors.

Docebo Trading Up 6.7 %

Shares of NASDAQ:DCBO opened at $33.16 on Thursday. The company has a market capitalization of $1.00 billion, a P/E ratio of 57.17 and a beta of 1.55. Docebo has a 1 year low of $27.61 and a 1 year high of $54.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 1.13. The business’s 50 day simple moving average is $41.59 and its 200 day simple moving average is $44.48.

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.