Docebo Inc. (NASDAQ:DCBO) Receives $36.20 Consensus PT from Analysts

Shares of Docebo Inc. (NASDAQ:DCBO) have been given an average rating of “Moderate Buy” by the fourteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation, seven have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $36.20.

A number of equities research analysts have commented on the company. ATB Capital raised Docebo to an “outperform” rating in a report on Wednesday, December 10th. Weiss Ratings lowered Docebo from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, December 31st. CIBC lowered their price target on Docebo from $37.00 to $36.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Needham & Company LLC dropped their price objective on shares of Docebo from $42.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Finally, National Bankshares lowered their target price on shares of Docebo from $35.00 to $31.00 and set a “sector perform” rating for the company in a report on Thursday, October 23rd.

Institutional Investors Weigh In On Docebo

Several large investors have recently modified their holdings of DCBO. Long Path Partners LP boosted its position in shares of Docebo by 30.5% in the 2nd quarter. Long Path Partners LP now owns 1,176,750 shares of the company’s stock worth $34,055,000 after purchasing an additional 275,176 shares in the last quarter. Topline Capital Management LLC lifted its holdings in Docebo by 484.9% in the third quarter. Topline Capital Management LLC now owns 323,219 shares of the company’s stock valued at $8,834,000 after acquiring an additional 267,962 shares during the period. Beutel Goodman & Co Ltd. purchased a new stake in Docebo during the second quarter worth $7,189,000. Wellington Management Group LLP increased its stake in shares of Docebo by 45.1% in the 3rd quarter. Wellington Management Group LLP now owns 432,426 shares of the company’s stock valued at $11,818,000 after purchasing an additional 134,437 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in shares of Docebo by 467.1% during the 1st quarter. Royal Bank of Canada now owns 158,340 shares of the company’s stock worth $4,546,000 after buying an additional 130,419 shares during the period. Institutional investors own 53.17% of the company’s stock.

Docebo Price Performance

Shares of DCBO opened at $19.01 on Friday. Docebo has a twelve month low of $18.92 and a twelve month high of $43.94. The firm has a 50 day moving average of $21.58 and a 200 day moving average of $26.39. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $546.35 million, a P/E ratio of 25.69 and a beta of 1.45.

About Docebo

Docebo is a cloud-based learning management system (LMS) provider that offers enterprise organizations a comprehensive platform for employee, customer and partner training. The company’s software is designed to streamline learning and development with features such as AI-powered content recommendations, automated learning paths and social collaboration tools. Docebo’s platform supports multiple languages and integrates with a variety of third-party applications, enabling businesses to deliver training at scale across different departments and regions.

Founded in 2005 and headquartered in Toronto, Canada, Docebo has expanded its footprint to serve customers in North America, Europe, the Middle East and the Asia Pacific region.