Analysts Set Docebo Inc. (NASDAQ:DCBO) PT at $30.92

Shares of Docebo Inc. (NASDAQ:DCBO) have been given an average recommendation of “Moderate Buy” by the sixteen ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $30.6667.

Several research analysts recently weighed in on the stock. Wall Street Zen cut shares of Docebo from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Craig Hallum restated a “buy” rating and issued a $38.00 price objective on shares of Docebo in a research report on Monday, March 2nd. Scotiabank reduced their price target on shares of Docebo from $32.00 to $25.00 and set an “outperform” rating on the stock in a research report on Monday, March 2nd. Cantor Fitzgerald reiterated an “overweight” rating and set a $28.00 price target on shares of Docebo in a research report on Wednesday, April 22nd. Finally, Canaccord Genuity Group reduced their price target on shares of Docebo from $40.00 to $36.00 and set a “buy” rating on the stock in a research report on Monday, March 2nd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Northwest & Ethical Investments L.P. bought a new position in Docebo during the fourth quarter valued at approximately $27,000. State of Wyoming bought a new position in Docebo during the fourth quarter valued at approximately $72,000. Deutsche Bank AG grew its position in Docebo by 33.2% during the fourth quarter. Deutsche Bank AG now owns 3,533 shares of the company’s stock valued at $78,000 after acquiring an additional 881 shares during the last quarter. TD Waterhouse Canada Inc. grew its position in Docebo by 39.5% during the third quarter. TD Waterhouse Canada Inc. now owns 6,380 shares of the company’s stock valued at $172,000 after acquiring an additional 1,805 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Docebo by 46.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,063 shares of the company’s stock valued at $193,000 after acquiring an additional 2,248 shares during the last quarter. 53.17% of the stock is currently owned by institutional investors.

Docebo Stock Down 0.7%

DCBO stock opened at $17.25 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.03. The company’s 50 day moving average is $17.82 and its 200 day moving average is $19.49. The stock has a market cap of $438.15 million, a price-to-earnings ratio of 14.87 and a beta of 1.31. Docebo has a 1-year low of $14.39 and a 1-year high of $33.42.

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.