Docebo (NASDAQ:DCBO) Sees Large Volume Increase – Should You Buy?

Shares of Docebo Inc. (NASDAQ:DCBO) saw an uptick in trading volume on Friday . 57,622 shares were traded during mid-day trading, a decline of 6% from the previous session’s volume of 61,561 shares.The stock last traded at $29.16 and had previously closed at $37.33.

Analyst Ratings Changes

A number of analysts have commented on DCBO shares. Craig Hallum lifted their target price on shares of Docebo from $58.00 to $62.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Atb Cap Markets raised Docebo from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Finally, Needham & Company LLC upped their price objective on Docebo from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 8th. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $56.60.

Docebo Stock Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $971.69 million, a price-to-earnings ratio of 55.33 and a beta of 1.55. The stock has a 50-day moving average price of $42.70 and a 200 day moving average price of $44.73.

Docebo (NASDAQ:DCBO) last announced its earnings results on Friday, February 28th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.10). Docebo had a return on equity of 50.22% and a net margin of 8.63%. As a group, analysts anticipate that Docebo Inc. will post 0.78 EPS for the current fiscal year.

Institutional Investors Weigh In On Docebo

Several institutional investors have recently added to or reduced their stakes in DCBO. Warburg Pincus LLC raised its stake in shares of Docebo by 5.7% in the 3rd quarter. Warburg Pincus LLC now owns 3,546,597 shares of the company’s stock valued at $156,760,000 after purchasing an additional 190,434 shares during the period. Long Path Partners LP grew its holdings in shares of Docebo by 1.2% during the fourth quarter. Long Path Partners LP now owns 740,055 shares of the company’s stock worth $33,132,000 after buying an additional 8,756 shares in the last quarter. Hillsdale Investment Management Inc. raised its position in Docebo by 207.6% in the 4th quarter. Hillsdale Investment Management Inc. now owns 611,085 shares of the company’s stock valued at $27,372,000 after buying an additional 412,403 shares during the last quarter. Wellington Management Group LLP raised its position in Docebo by 1,047.0% in the 3rd quarter. Wellington Management Group LLP now owns 599,976 shares of the company’s stock valued at $26,518,000 after buying an additional 547,666 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Docebo by 44.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 435,548 shares of the company’s stock valued at $19,504,000 after acquiring an additional 134,867 shares in the last quarter. 53.17% of the stock is owned by institutional investors.

Docebo Company Profile

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.