Docebo Inc. (NASDAQ:DCBO) Given Average Recommendation of “Buy” by Brokerages

Shares of Docebo Inc. (NASDAQ:DCBO) have been assigned an average recommendation of “Buy” from the eleven research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $56.60.

A number of analysts have commented on the stock. Needham & Company LLC increased their price objective on shares of Docebo from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 8th. Craig Hallum increased their price target on Docebo from $58.00 to $62.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Atb Cap Markets upgraded Docebo from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th.

Institutional Investors Weigh In On Docebo

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DCBO. Wellington Management Group LLP grew its holdings in shares of Docebo by 1,047.0% during the 3rd quarter. Wellington Management Group LLP now owns 599,976 shares of the company’s stock worth $26,518,000 after purchasing an additional 547,666 shares during the period. Hillsdale Investment Management Inc. boosted its stake in 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 buying an additional 412,403 shares during the period. Artisan Partners Limited Partnership acquired a new stake in shares of Docebo during the fourth quarter valued at about $17,163,000. Mackenzie Financial Corp raised its stake in shares of Docebo by 4,534.3% in the 4th quarter. Mackenzie Financial Corp now owns 322,454 shares of the company’s stock valued at $14,444,000 after acquiring an additional 315,496 shares during the period. Finally, TFJ Management LLC acquired a new position in shares of Docebo in the 4th quarter worth approximately $12,138,000. Institutional investors and hedge funds own 53.17% of the company’s stock.

Docebo Price Performance

Shares of NASDAQ DCBO opened at $38.00 on Thursday. The firm has a 50-day simple moving average of $42.88 and a 200-day simple moving average of $44.78. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 65.52 and a beta of 1.55. Docebo has a 52 week low of $33.81 and a 52 week high of $56.41.

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.