Analysts Set Docebo Inc. (NASDAQ:DCBO) Price Target at $36.20

Shares of Docebo Inc. (NASDAQ:DCBO) have earned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $36.20.

Several research analysts have recently commented on the company. Zacks Research lowered Docebo from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Oppenheimer assumed coverage on Docebo in a research note on Wednesday, November 5th. They issued an “outperform” rating and a $35.00 target price on the stock. TD Securities began coverage on shares of Docebo in a report on Friday, October 3rd. They issued a “buy” rating and a $37.00 target price for the company. TD Cowen restated a “buy” rating and issued a $37.00 price target on shares of Docebo in a report on Friday, October 3rd. Finally, Wall Street Zen raised shares of Docebo from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th.

Hedge Funds Weigh In On Docebo

A number of large investors have recently made changes to their positions in the business. Employees Retirement System of Texas acquired a new stake in shares of Docebo in the 2nd quarter worth $44,000. TD Waterhouse Canada Inc. increased its position in Docebo by 39.5% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 6,380 shares of the company’s stock valued at $172,000 after buying an additional 1,805 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Docebo by 46.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,063 shares of the company’s stock valued at $193,000 after buying an additional 2,248 shares during the last quarter. Centiva Capital LP acquired a new stake in Docebo in the third quarter worth about $204,000. Finally, Aigen Investment Management LP purchased a new stake in shares of Docebo during the first quarter worth about $263,000. 53.17% of the stock is owned by institutional investors and hedge funds.

Docebo Price Performance

NASDAQ DCBO opened at $21.68 on Friday. The company has a market cap of $623.08 million, a PE ratio of 29.30 and a beta of 1.45. Docebo has a 52-week low of $20.20 and a 52-week high of $50.80. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.13 and a current ratio of 1.13. The firm’s 50 day moving average price is $24.60 and its 200-day moving average price is $27.64.

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.