Docebo Inc. (NASDAQ:DCBO) Short Interest Update

Docebo Inc. (NASDAQ:DCBO) was the target of 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. Currently, 0.9% of the company’s stock are short sold. Based on an average daily volume of 95,800 shares, the days-to-cover ratio is presently 1.4 days.

Hedge Funds Weigh In On Docebo

A number of large investors have recently bought and sold shares of DCBO. PNC Financial Services Group Inc. raised its holdings in Docebo by 60.0% during the second quarter. PNC Financial Services Group Inc. now owns 800 shares of the company’s stock worth $32,000 after purchasing an additional 300 shares in the last quarter. Osaic Holdings Inc. lifted its position in Docebo by 30.3% during the 2nd quarter. Osaic Holdings Inc. now owns 1,085 shares of the company’s stock worth $43,000 after acquiring an additional 252 shares during the last quarter. Qube Research & Technologies Ltd acquired a new position in Docebo during the 3rd quarter worth $49,000. Tower Research Capital LLC TRC increased its holdings in shares of Docebo by 53.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,639 shares of the company’s stock worth $66,000 after purchasing an additional 571 shares during the period. Finally, UBS Group AG increased its holdings in shares of Docebo by 58.4% during the 3rd quarter. UBS Group AG now owns 4,094 shares of the company’s stock worth $111,000 after purchasing an additional 1,510 shares during the period. Institutional investors own 53.17% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on DCBO. TheStreet upgraded Docebo from a “d+” rating to a “c-” rating in a research note on Monday, March 18th. Stifel Nicolaus increased their price objective on Docebo from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, February 26th. Eight Capital dropped their price objective on Docebo from $75.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, February 26th. Scotiabank raised their target price on Docebo from $60.00 to $65.00 and gave the stock a “sector outperform” rating in a research report on Monday, February 26th. Finally, CIBC lifted their price objective on Docebo from $49.81 to $58.00 and gave the stock an “outperform” rating in a research note on Thursday, January 11th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $61.60.

Docebo Trading Down 0.1 %

Shares of Docebo stock traded down $0.05 during trading hours on Wednesday, reaching $44.11. 12,237 shares of the company’s stock were exchanged, compared to its average volume of 92,624. Docebo has a 52-week low of $29.40 and a 52-week high of $56.41. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 490.72 and a beta of 1.64. The company has a fifty day moving average of $49.14 and a 200-day moving average of $46.37. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.01.

Docebo (NASDAQ:DCBO) last released its quarterly earnings data on Friday, February 23rd. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.09 by $0.12. The company had revenue of $49.28 million for the quarter, compared to analyst estimates of $48.46 million. Docebo had a return on equity of 12.45% and a net margin of 1.57%. Sell-side analysts forecast that Docebo will post 0.81 EPS for the current fiscal year.

About Docebo

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.