Equities Analysts Set Expectations for Docebo Inc.’s FY2023 Earnings (NASDAQ:DCBO)

Docebo Inc. (NASDAQ:DCBOGet Rating) – Research analysts at National Bank Financial boosted their FY2023 earnings estimates for shares of Docebo in a report released on Thursday, August 11th. National Bank Financial analyst R. Tse now anticipates that the company will post earnings of $0.35 per share for the year, up from their prior estimate of $0.27. The consensus estimate for Docebo’s current full-year earnings is ($0.25) per share.

Other analysts also recently issued reports about the stock. TD Securities reduced their target price on shares of Docebo from $56.00 to $52.00 and set a “buy” rating on the stock in a research report on Friday, August 12th. CIBC reduced their target price on shares of Docebo from C$63.50 to C$54.00 in a research report on Tuesday, June 14th. Finally, Morgan Stanley upped their target price on shares of Docebo from $41.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Friday, August 12th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $68.33.

Docebo Stock Down 0.2 %

NASDAQ:DCBO opened at $36.40 on Monday. The firm’s 50-day moving average price is $30.44 and its 200-day moving average price is $40.09. The company has a market capitalization of $1.20 billion, a PE ratio of -214.11 and a beta of 1.90. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.30 and a quick ratio of 3.30. Docebo has a 1-year low of $25.09 and a 1-year high of $92.75.

Institutional Trading of Docebo

Institutional investors have recently bought and sold shares of the company. 3G Capital Partners LP grew its position in Docebo by 7.5% during the 4th quarter. 3G Capital Partners LP now owns 430,000 shares of the company’s stock valued at $28,879,000 after purchasing an additional 30,000 shares during the last quarter. Kaizen Financial Strategies lifted its stake in Docebo by 23.7% during the 1st quarter. Kaizen Financial Strategies now owns 4,700 shares of the company’s stock valued at $244,000 after acquiring an additional 900 shares during the period. Cat Rock Capital Management LP lifted its stake in Docebo by 2.8% during the 4th quarter. Cat Rock Capital Management LP now owns 3,283,419 shares of the company’s stock valued at $220,453,000 after acquiring an additional 90,900 shares during the period. Shell Asset Management Co. lifted its stake in Docebo by 51.6% during the 4th quarter. Shell Asset Management Co. now owns 1,642 shares of the company’s stock valued at $110,000 after acquiring an additional 559 shares during the period. Finally, Integrated Advisors Network LLC bought a new position in Docebo during the 1st quarter valued at about $289,000. 35.59% of the stock is owned by hedge funds and other institutional investors.

About Docebo

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Docebo Inc provides a cloud-based learning management system to train internal and external workforces, partners, and customers in North America, Europe, and the Asia-Pacific region. Its platform helps customers to centralize learning materials from peer enterprises and learners into one learning management system (LMS) to expedite and enrich the learning process, increase productivity, and grow teams uniformly.

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