Docebo Inc. (NASDAQ:DCBO) Stock Has Consensus Price Target of $31.23

Shares of Docebo Inc. (NASDAQ:DCBO) have received an average recommendation of “Moderate Buy” from the sixteen research firms that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $31.23.

A number of research firms have recently issued reports on DCBO. Wall Street Zen raised shares of Docebo from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $31.00 price target on shares of Docebo in a research note on Friday, July 17th. National Bank Financial increased their price target on Docebo from $22.00 to $24.00 and gave the stock a “sector perform” rating in a report on Monday, August 10th. Weiss Ratings raised Docebo from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, September 2nd. Finally, Zacks Research upgraded Docebo from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 19th.

Docebo Price Performance

DCBO stock opened at $22.37 on Friday. The firm has a market cap of $557.01 million, a price-to-earnings ratio of 19.62 and a beta of 1.23. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.03. Docebo has a 12-month low of $14.39 and a 12-month high of $28.78. The company’s fifty day simple moving average is $22.84 and its 200 day simple moving average is $19.70.

Docebo (NASDAQ:DCBO) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.08. The company had revenue of $63.80 million for the quarter, compared to the consensus estimate of $67.14 million. Docebo had a return on equity of 120.29% and a net margin of 12.98%. On average, analysts expect that Docebo will post 1.44 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DCBO. Allworth Financial LP bought a new position in Docebo in the 2nd quarter worth about $52,000. NewEdge Advisors LLC boosted its position in shares of Docebo by 1,101.5% during the 1st quarter. NewEdge Advisors LLC now owns 3,977 shares of the company’s stock valued at $69,000 after acquiring an additional 3,646 shares during the last quarter. Turtle Creek Asset Management Inc. grew its holdings in shares of Docebo by 38.6% during the first quarter. Turtle Creek Asset Management Inc. now owns 21,200 shares of the company’s stock worth $370,000 after purchasing an additional 5,900 shares in the last quarter. State of Wyoming purchased a new position in shares of Docebo during the second quarter worth about $137,000. Finally, DGS Capital Management LLC bought a new position in shares of Docebo in the first quarter worth approximately $178,000. Institutional investors own 53.17% of the company’s stock.

About Docebo

Docebo Inc develops cloud-based learning management and learning technology solutions for businesses and other organizations. Its platform is designed to help companies create, deliver, manage and measure employee, customer and partner training programs through online and blended learning.

The Docebo Learning Platform includes tools for course administration, content management, virtual and social learning, assessments, reporting and analytics. The company also offers capabilities focused on artificial intelligence, learning-content creation, skills development and measuring the impact of training.