Docebo (NASDAQ:DCBO) Earns Neutral Rating from Analysts at The Goldman Sachs Group

The Goldman Sachs Group started coverage on shares of Docebo (NASDAQ:DCBO – Get Rating) in a research note issued to investors on Monday, The Fly reports. The brokerage issued a neutral rating and a $37.00 target price on the stock.

Other research analysts also recently issued reports about the stock. Morgan Stanley lifted their target price on shares of Docebo from $36.00 to $39.00 and gave the stock an equal weight rating in a research report on Friday, March 10th. TD Securities raised their price target on shares of Docebo from $52.00 to $54.00 and gave the stock a buy rating in a report on Friday, March 10th. Finally, Canaccord Genuity Group raised their price target on shares of Docebo from $40.00 to $50.00 and gave the stock a buy rating in a report on Friday, March 10th.

Docebo Stock Down 1.2 %

Docebo stock opened at $31.77 on Monday. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 70.60 and a beta of 1.62. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average price is $36.65 and its two-hundred day moving average price is $35.03. Docebo has a 52 week low of $23.40 and a 52 week high of $41.48.

Docebo (NASDAQ:DCBO – Get Rating) last announced its quarterly earnings data on Thursday, March 9th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.03. The company had revenue of $38.96 million for the quarter, compared to analysts’ expectations of $38.67 million. Docebo had a net margin of 9.99% and a return on equity of 3.26%. On average, analysts expect that Docebo will post 0.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Docebo

A number of institutional investors have recently modified their holdings of the company. Daiwa Securities Group Inc. raised its position in shares of Docebo by 52.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 875 shares of the company’s stock valued at $29,000 after purchasing an additional 300 shares during the period. TD Asset Management Inc increased its position in Docebo by 2.6% during the fourth quarter. TD Asset Management Inc now owns 13,857 shares of the company’s stock worth $458,000 after acquiring an additional 356 shares during the period. Two Sigma Advisers LP increased its position in Docebo by 3.1% during the third quarter. Two Sigma Advisers LP now owns 13,500 shares of the company’s stock worth $365,000 after acquiring an additional 400 shares during the period. Citigroup Inc. increased its position in Docebo by 18.6% during the first quarter. Citigroup Inc. now owns 3,494 shares of the company’s stock worth $142,000 after acquiring an additional 549 shares during the period. Finally, Royal Bank of Canada increased its position in Docebo by 6.9% during the third quarter. Royal Bank of Canada now owns 9,086 shares of the company’s stock worth $245,000 after acquiring an additional 590 shares during the period. Institutional investors own 39.10% of the company’s stock.

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.