Docebo Inc. (NASDAQ:DCBO) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Docebo Inc. (NASDAQ:DCBO) have received an average recommendation of “Moderate Buy” from the nine analysts that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $44.13.

DCBO has been the subject of a number of research reports. Atb Cap Markets cut Docebo from a “strong-buy” rating to a “hold” rating in a report on Sunday, May 11th. Needham & Company LLC restated a “buy” rating and set a $42.00 price objective on shares of Docebo in a research note on Thursday, April 10th. Cantor Fitzgerald began coverage on shares of Docebo in a research note on Monday. They issued an “overweight” rating and a $35.00 target price for the company. National Bankshares cut their target price on shares of Docebo from $55.00 to $45.00 and set an “outperform” rating for the company in a research note on Friday, April 25th. Finally, UBS Group set a $45.00 price target on shares of Docebo in a report on Tuesday, March 4th.

Docebo Price Performance

DCBO stock opened at $27.62 on Friday. The stock has a 50-day moving average price of $28.55 and a two-hundred day moving average price of $36.45. The stock has a market cap of $818.46 million, a PE ratio of 47.62 and a beta of 1.48. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01. Docebo has a 1 year low of $25.50 and a 1 year high of $53.86.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Warburg Pincus LLC increased its stake in Docebo by 11.1% in the first quarter. Warburg Pincus LLC now owns 3,630,715 shares of the company’s stock valued at $104,238,000 after acquiring an additional 362,840 shares during the last quarter. Long Path Partners LP boosted its position in Docebo by 21.8% in the first quarter. Long Path Partners LP now owns 901,574 shares of the company’s stock valued at $25,884,000 after buying an additional 161,519 shares in the last quarter. Hillsdale Investment Management Inc. lifted its holdings in shares of Docebo by 207.6% during the fourth quarter. Hillsdale Investment Management Inc. now owns 611,085 shares of the company’s stock worth $27,372,000 after purchasing an additional 412,403 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Docebo by 44.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 435,548 shares of the company’s stock worth $19,504,000 after purchasing an additional 134,867 shares during the period. Finally, Artisan Partners Limited Partnership acquired a new position in shares of Docebo during the fourth quarter worth $17,163,000. 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.