Docebo Inc. (NASDAQ:DCBO) Sees Large Drop in Short Interest

Docebo Inc. (NASDAQ:DCBO) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 134,300 shares, a drop of 6.7% from the March 15th total of 143,900 shares. Based on an average trading volume of 95,800 shares, the short-interest ratio is currently 1.4 days. Approximately 0.9% of the shares of the company are sold short.

Docebo Trading Up 1.1 %

Docebo stock traded up $0.48 during trading on Tuesday, hitting $43.76. The company’s stock had a trading volume of 23,310 shares, compared to its average volume of 92,708. The stock’s fifty day moving average is $49.12 and its 200 day moving average is $46.35. Docebo has a 1-year low of $29.40 and a 1-year high of $56.41. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 480.94 and a beta of 1.64. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.26 and a current ratio of 1.26.

Docebo (NASDAQ:DCBO) last posted its quarterly earnings data on Friday, February 23rd. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.12. Docebo had a net margin of 1.57% and a return on equity of 12.45%. The company had revenue of $49.28 million during the quarter, compared to the consensus estimate of $48.46 million. As a group, equities research analysts predict that Docebo will post 0.81 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group boosted their price target on shares of Docebo from $44.00 to $55.00 and gave the stock a “neutral” rating in a research note on Monday, February 26th. Scotiabank increased their target price on Docebo from $60.00 to $65.00 and gave the stock a “sector outperform” rating in a research note on Monday, February 26th. Canaccord Genuity Group raised their price target on Docebo from $50.00 to $65.00 and gave the company a “buy” rating in a report on Monday, February 26th. Morgan Stanley increased their price objective on Docebo from $63.00 to $67.00 and gave the stock an “overweight” rating in a research report on Monday, February 26th. Finally, CIBC boosted their target price on shares of Docebo from $49.81 to $58.00 and gave the stock an “outperform” rating in a research report on Thursday, January 11th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, Docebo currently has an average rating of “Moderate Buy” and a consensus target price of $61.60.

Institutional Trading of Docebo

Institutional investors and hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its holdings in Docebo by 60.0% in the second quarter. PNC Financial Services Group Inc. now owns 800 shares of the company’s stock valued at $32,000 after acquiring an additional 300 shares during the last quarter. Osaic Holdings Inc. lifted its stake in shares of Docebo by 30.3% in the 2nd quarter. Osaic Holdings Inc. now owns 1,085 shares of the company’s stock valued at $43,000 after purchasing an additional 252 shares in the last quarter. Qube Research & Technologies Ltd purchased a new stake in shares of Docebo during the 3rd quarter worth about $49,000. Tower Research Capital LLC TRC raised its holdings in Docebo by 53.5% in the third quarter. Tower Research Capital LLC TRC now owns 1,639 shares of the company’s stock valued at $66,000 after buying an additional 571 shares during the period. Finally, UBS Group AG lifted its position in Docebo by 58.4% during the third quarter. UBS Group AG now owns 4,094 shares of the company’s stock valued at $111,000 after buying an additional 1,510 shares in the last quarter. 53.17% of the stock is currently owned by institutional investors and hedge funds.

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.