Docebo Inc. (NASDAQ:DCBO) Receives $30.67 Consensus PT from Analysts

Docebo Inc. (NASDAQ:DCBO) has been given a consensus rating of “Moderate Buy” by the sixteen analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $30.6667.

DCBO has been the topic of a number of research analyst reports. Scotiabank dropped their price target on Docebo from $32.00 to $25.00 and set an “outperform” rating on the stock in a research note on Monday, March 2nd. Craig Hallum reaffirmed a “buy” rating and set a $38.00 price objective on shares of Docebo in a research report on Monday, March 2nd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $28.00 price objective on shares of Docebo in a report on Wednesday, April 22nd. National Bank Financial dropped their price objective on shares of Docebo from $24.00 to $21.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 27th. Finally, Wall Street Zen downgraded shares of Docebo from a “buy” rating to a “hold” rating in a report on Sunday, May 17th.

Institutional Investors Weigh In On Docebo

Hedge funds have recently bought and sold shares of the stock. Topline Capital Management LLC lifted its position in Docebo by 484.9% during the third quarter. Topline Capital Management LLC now owns 323,219 shares of the company’s stock worth $8,834,000 after acquiring an additional 267,962 shares during the last quarter. Envestnet Asset Management Inc. acquired a new stake in Docebo during the third quarter worth approximately $823,000. Claret Asset Management Corp acquired a new stake in Docebo during the third quarter worth approximately $957,000. Hillsdale Investment Management Inc. acquired a new stake in Docebo during the fourth quarter worth approximately $883,000. Finally, DGS Capital Management LLC acquired a new stake in Docebo during the first quarter worth approximately $178,000. 53.17% of the stock is currently owned by institutional investors and hedge funds.

Docebo Price Performance

NASDAQ:DCBO opened at $17.09 on Wednesday. Docebo has a 12-month low of $14.39 and a 12-month high of $33.42. The firm has a market capitalization of $434.00 million, a price-to-earnings ratio of 14.73 and a beta of 1.28. The stock’s 50 day moving average price is $17.82 and its two-hundred day moving average price is $18.97. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.03.

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.