Analysts Set Docebo Inc. (NASDAQ:DCBO) Target Price at $30.92

Docebo Inc. (NASDAQ:DCBO) has been assigned a consensus rating of “Moderate Buy” from the sixteen research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, ten have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $30.9167.

DCBO has been the subject of a number of analyst reports. Scotiabank cut their price target on Docebo from $32.00 to $25.00 and set an “outperform” rating for the company in a report on Monday, March 2nd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Docebo in a research report on Monday, March 30th. Cantor Fitzgerald lowered their price objective on Docebo from $35.00 to $28.00 and set an “overweight” rating for the company in a research report on Wednesday, January 21st. UBS Group reaffirmed a “buy” rating on shares of Docebo in a research report on Monday, March 2nd. Finally, National Bank Financial lowered their price objective on Docebo from $31.00 to $24.00 and set a “sector perform” rating for the company in a research report on Thursday, January 22nd.

Docebo Stock Performance

NASDAQ DCBO opened at $17.07 on Friday. Docebo has a fifty-two week low of $16.07 and a fifty-two week high of $33.70. The stock has a market cap of $440.75 million, a price-to-earnings ratio of 13.44 and a beta of 1.40. The business has a fifty day moving average of $18.48 and a 200-day moving average of $21.73. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.03.

Institutional Investors Weigh In On Docebo

A number of hedge funds and other institutional investors have recently made changes to their positions in DCBO. Northwest & Ethical Investments L.P. purchased a new stake in shares of Docebo in the fourth quarter valued at $27,000. State of Wyoming purchased a new stake in shares of Docebo in the fourth quarter valued at $72,000. Deutsche Bank AG grew its position in shares of Docebo by 33.2% in the fourth quarter. Deutsche Bank AG now owns 3,533 shares of the company’s stock valued at $78,000 after purchasing an additional 881 shares during the period. TD Waterhouse Canada Inc. grew its position in shares of Docebo by 39.5% in the third quarter. TD Waterhouse Canada Inc. now owns 6,380 shares of the company’s stock valued at $172,000 after purchasing an additional 1,805 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of 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 purchasing an additional 2,248 shares during the period. Hedge funds and other institutional investors own 53.17% of the company’s stock.

About Docebo

Docebo is a cloud-based learning management system (LMS) provider that offers enterprise organizations a comprehensive platform for employee, customer and partner training. The company’s software is designed to streamline learning and development with features such as AI-powered content recommendations, automated learning paths and social collaboration tools. Docebo’s platform supports multiple languages and integrates with a variety of third-party applications, enabling businesses to deliver training at scale across different departments and regions.

Founded in 2005 and headquartered in Toronto, Canada, Docebo has expanded its footprint to serve customers in North America, Europe, the Middle East and the Asia Pacific region.