Docebo (NASDAQ:DCBO) Given New $60.00 Price Target at Needham & Company LLC

Docebo (NASDAQ:DCBO) had its price target raised by equities research analysts at Needham & Company LLC from $50.00 to $60.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC’s price target indicates a potential upside of 13.49% from the company’s current price.

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

Docebo Stock Performance

Shares of Docebo stock traded up $1.69 on Friday, hitting $52.87. 30,428 shares of the company’s stock were exchanged, compared to its average volume of 88,729. The company has a 50-day simple moving average of $44.64 and a 200-day simple moving average of $41.29. The stock has a market capitalization of $1.60 billion, a PE ratio of 97.91 and a beta of 1.54. Docebo has a 1 year low of $33.81 and a 1 year high of $56.41. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.11 and a current ratio of 1.11.

Docebo (NASDAQ:DCBO) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). The business 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%. As a group, equities analysts anticipate that Docebo will post 0.79 EPS for the current year.

Institutional Trading of Docebo

Institutional investors and hedge funds have recently bought and sold shares of the stock. Plato Investment Management Ltd bought a new stake in Docebo in the 3rd quarter valued at $35,000. Point72 Asset Management L.P. bought a new stake in Docebo in the 2nd quarter valued at $189,000. Riverwater Partners LLC bought a new stake in Docebo in the 3rd quarter valued at $200,000. Pathway Financial Advisors LLC bought a new stake in Docebo in the 3rd quarter valued at $221,000. Finally, XTX Topco Ltd bought a new stake in shares of Docebo in the 2nd quarter worth about $264,000. 53.17% of the stock is currently owned by 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.