Needham & Company LLC Issues Positive Forecast for Docebo (NASDAQ:DCBO) Stock Price

Docebo (NASDAQ:DCBO) had its target price increased by equities researchers at Needham & Company LLC from $50.00 to $60.00 in a research report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s price objective would indicate a potential upside of 13.49% from the stock’s previous close.

A number of other analysts have also weighed in on DCBO. Scotiabank upped their target price on Docebo from $50.00 to $55.00 and gave the stock a “sector outperform” rating in a report on Thursday, October 24th. CIBC upped their price target on Docebo from $44.00 to $52.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Docebo has a consensus rating of “Moderate Buy” and a consensus target price of $56.83.

Docebo Stock Up 3.3 %

Docebo stock traded up $1.69 during mid-day trading on Friday, reaching $52.87. 30,428 shares of the company were exchanged, compared to its average volume of 88,729. The business has a fifty day moving average of $44.64 and a 200 day moving average of $41.29. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market cap of $1.60 billion, a P/E ratio of 97.91 and a beta of 1.54. Docebo has a 12-month low of $33.81 and a 12-month high of $56.41.

Docebo (NASDAQ:DCBO) last posted its earnings results on Thursday, August 8th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The company had revenue of $53.05 million for the quarter, compared to analysts’ expectations of $52.30 million. Docebo had a return on equity of 29.82% and a net margin of 8.56%. Research analysts anticipate that Docebo will post 0.79 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Docebo

Several hedge funds have recently modified their holdings of the company. Plato Investment Management Ltd purchased a new position in Docebo in the 3rd quarter valued at about $35,000. Point72 Asset Management L.P. acquired a new stake in Docebo in the 2nd quarter valued at about $189,000. Riverwater Partners LLC acquired a new stake in shares of Docebo during the 3rd quarter worth approximately $200,000. Pathway Financial Advisors LLC acquired a new stake in shares of Docebo during the 3rd quarter worth approximately $221,000. Finally, XTX Topco Ltd acquired a new stake in shares of Docebo during the 2nd quarter worth approximately $264,000. 53.17% of the stock is owned by hedge funds and other institutional investors.

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.