Docebo (NASDAQ:DCBO) Price Target Raised to $60.00 at Needham & Company LLC

Docebo (NASDAQ:DCBO) had its price objective increased by Needham & Company LLC from $50.00 to $60.00 in a report released on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also recently issued reports on the stock. CIBC boosted their target price on shares of Docebo from $44.00 to $52.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Scotiabank upped their target price on shares of Docebo from $50.00 to $55.00 and gave the stock a “sector outperform” rating in a report on Thursday, October 24th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $56.83.

Docebo Stock Performance

NASDAQ DCBO traded up $0.27 on Friday, hitting $51.45. 83,814 shares of the company’s stock traded hands, compared to its average volume of 39,413. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.01. Docebo has a 1-year low of $33.81 and a 1-year high of $56.41. The firm’s 50-day moving average price is $44.81 and its two-hundred day moving average price is $41.35. The firm has a market capitalization of $1.56 billion, a PE ratio of 95.28 and a beta of 1.54.

Docebo (NASDAQ:DCBO) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). Docebo had a net margin of 8.56% and a return on equity of 29.82%. The business had revenue of $53.05 million for the quarter, compared to analyst estimates of $52.30 million. As a group, analysts expect that Docebo will post 0.79 EPS for the current year.

Institutional Trading of Docebo

Hedge funds have recently made changes to their positions in the business. Long Path Partners LP raised its holdings in Docebo by 73.0% in the second quarter. Long Path Partners LP now owns 686,277 shares of the company’s stock valued at $26,511,000 after acquiring an additional 289,524 shares in the last quarter. CIBC Asset Management Inc raised its holdings in Docebo by 36.9% in the second quarter. CIBC Asset Management Inc now owns 446,544 shares of the company’s stock valued at $17,233,000 after acquiring an additional 120,396 shares in the last quarter. Hillsdale Investment Management Inc. increased its stake in Docebo by 19.3% in the first quarter. Hillsdale Investment Management Inc. now owns 738,692 shares of the company’s stock valued at $36,129,000 after purchasing an additional 119,434 shares during the last quarter. Quadrature Capital Ltd increased its stake in Docebo by 75.2% in the first quarter. Quadrature Capital Ltd now owns 246,400 shares of the company’s stock valued at $12,045,000 after purchasing an additional 105,800 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in Docebo by 196.3% in the second quarter. Marshall Wace LLP now owns 142,507 shares of the company’s stock valued at $5,505,000 after purchasing an additional 94,414 shares during the last quarter. Institutional investors and hedge funds own 53.17% of the company’s stock.

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.