Shares of Docebo Inc. (NASDAQ:DCBO – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the sixteen brokerages that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $31.2308.
Several research firms have recently commented on DCBO. Weiss Ratings raised Docebo from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday. ATB Cormark Capital Markets reduced their target price on shares of Docebo from $36.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, July 20th. Needham & Company LLC reissued a “buy” rating and set a $31.00 price target on shares of Docebo in a research report on Friday, July 17th. Wall Street Zen raised shares of Docebo from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, National Bank Financial boosted their price objective on shares of Docebo from $22.00 to $24.00 and gave the stock a “sector perform” rating in a research note on Monday, August 10th.
View Our Latest Research Report on Docebo
Docebo Stock Performance
Docebo (NASDAQ:DCBO – Get Free Report) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.08. The business had revenue of $63.80 million for the quarter, compared to the consensus estimate of $67.14 million. Docebo had a return on equity of 120.29% and a net margin of 12.98%. Analysts expect that Docebo will post 1.44 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Docebo
Several institutional investors and hedge funds have recently bought and sold shares of the company. Northwest & Ethical Investments L.P. purchased a new stake in shares of Docebo during the 4th quarter valued at $27,000. Allworth Financial LP purchased a new position in Docebo during the 2nd quarter worth $52,000. NewEdge Advisors LLC increased its position in Docebo by 1,101.5% during the 1st quarter. NewEdge Advisors LLC now owns 3,977 shares of the company’s stock valued at $69,000 after buying an additional 3,646 shares in the last quarter. State of Wyoming acquired a new position in Docebo during the 4th quarter valued at about $72,000. Finally, Deutsche Bank AG raised its stake in Docebo by 33.2% in the fourth quarter. Deutsche Bank AG now owns 3,533 shares of the company’s stock valued at $78,000 after buying an additional 881 shares during the last quarter. 53.17% of the stock is owned by hedge funds and other institutional investors.
Docebo Company Profile
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.
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