Docebo Inc. (NASDAQ:DCBO) Receives Average Rating of “Buy” from Analysts

Shares of Docebo Inc. (NASDAQ:DCBO) have been assigned a consensus rating of “Buy” from the eleven research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $53.18.

Several brokerages have recently issued reports on DCBO. Morgan Stanley set a $43.00 target price on shares of Docebo in a research report on Friday, February 28th. Scotiabank lowered their price objective on Docebo from $55.00 to $45.00 and set a “sector outperform” rating on the stock in a report on Tuesday, March 4th. UBS Group set a $45.00 target price on Docebo in a report on Tuesday, March 4th. Finally, Atb Cap Markets raised Docebo from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 28th.

Docebo Price Performance

Docebo stock opened at $30.03 on Monday. The stock has a market capitalization of $909.13 million, a P/E ratio of 51.78 and a beta of 1.60. The company’s fifty day moving average price is $38.14 and its 200 day moving average price is $43.35. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.13 and a current ratio of 1.13. Docebo has a 1 year low of $27.61 and a 1 year high of $53.86.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Quantbot Technologies LP purchased a new position in Docebo in the 4th quarter valued at approximately $132,000. Tower Research Capital LLC TRC raised its stake in shares of Docebo by 46.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,983 shares of the company’s stock valued at $134,000 after acquiring an additional 949 shares in the last quarter. Barclays PLC purchased a new position in Docebo in the third quarter valued at $142,000. Deutsche Bank AG acquired a new position in Docebo during the 4th quarter worth $242,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Docebo during the 4th quarter worth about $255,000. Hedge funds and other institutional investors own 53.17% of the company’s stock.

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.