Needham & Company LLC Reaffirms Buy Rating for Docebo (NASDAQ:DCBO)

Docebo (NASDAQ:DCBO)‘s stock had its “buy” rating reissued by stock analysts at Needham & Company LLC in a research note issued to investors on Thursday, Stock Target Advisor reports. They currently have a $50.00 price target on the stock. Needham & Company LLC’s price target indicates a potential upside of 21.09% from the stock’s previous close.

A number of other equities analysts have also issued reports on DCBO. Craig Hallum initiated coverage on Docebo in a report on Friday, June 7th. They issued a “buy” rating and a $58.00 price objective for the company. CIBC decreased their price target on Docebo from $53.00 to $44.00 and set an “outperformer” rating for the company in a research note on Friday, June 21st. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $54.92.

Docebo Stock Performance

Shares of DCBO stock opened at $41.29 on Thursday. Docebo has a 12-month low of $33.81 and a 12-month high of $56.41. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 187.68 and a beta of 1.55. The business has a 50 day simple moving average of $40.22 and a 200 day simple moving average of $42.54. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.11 and a quick ratio of 1.11.

Docebo (NASDAQ:DCBO) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). Docebo had a return on equity of 29.82% and a net margin of 8.56%. The business had revenue of $53.05 million during the quarter, compared to the consensus estimate of $52.30 million. On average, equities research analysts anticipate that Docebo will post 0.8 EPS for the current year.

Institutional Investors Weigh In On Docebo

Several large investors have recently modified their holdings of DCBO. PNC Financial Services Group Inc. bought a new stake in shares of Docebo during the 4th quarter worth $48,000. Point72 Asset Management L.P. bought a new stake in shares of Docebo during the 2nd quarter worth $189,000. Virtu Financial LLC purchased a new stake in shares of Docebo in the fourth quarter valued at $262,000. XTX Topco Ltd purchased a new stake in shares of Docebo in the second quarter valued at $264,000. Finally, Aristides Capital LLC purchased a new stake in shares of Docebo in the second quarter valued at $277,000. 53.17% of the stock is owned by institutional investors.

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.