Docebo (NASDAQ:DCBO) Shares Up 4.6% – Still a Buy?

Docebo Inc. (NASDAQ:DCBO)’s stock price traded up 4.6% on Tuesday. The company traded as high as $26.82 and last traded at $26.7990. Approximately 20,865 shares changed hands during trading, a decline of 85% from the average session volume of 137,119 shares. The stock had previously closed at $25.61.

Analyst Ratings Changes

DCBO has been the subject of several recent analyst reports. Wall Street Zen raised shares of Docebo from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. National Bank Financial upped their target price on shares of Docebo from $22.00 to $24.00 and gave the stock a “sector perform” rating in a research note on Monday, August 10th. Zacks Research upgraded shares of Docebo from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 19th. Weiss Ratings raised shares of Docebo from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Finally, ATB Cormark Capital Markets reduced their price target on shares of Docebo from $36.00 to $35.00 and set an “outperform” rating for the company in a research report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $30.18.

Docebo Trading Down 0.9%

The firm has a fifty day moving average of $23.96 and a 200 day moving average of $20.18. The company has a market capitalization of $680.11 million, a P/E ratio of 23.82 and a beta of 1.22.

Docebo (NASDAQ:DCBO) last posted its earnings results on Friday, August 7th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.08. The business had revenue of $63.80 million for the quarter, compared to analysts’ expectations of $67.14 million. Docebo had a net margin of 12.98% and a return on equity of 120.29%. Sell-side analysts anticipate that Docebo Inc. will post 1.44 EPS for the current fiscal year.

Hedge Funds Weigh In On Docebo

Institutional investors have recently made changes to their positions in the business. Allworth Financial LP purchased a new position in shares of Docebo during the 2nd quarter valued at $52,000. NewEdge Advisors LLC boosted its holdings in Docebo by 1,101.5% in the 1st quarter. NewEdge Advisors LLC now owns 3,977 shares of the company’s stock worth $69,000 after buying an additional 3,646 shares during the period. State of Wyoming purchased a new stake in Docebo in the 2nd quarter worth $137,000. DGS Capital Management LLC purchased a new stake in Docebo in the 1st quarter worth $178,000. Finally, K2 Principal Fund L.P. purchased a new stake in Docebo in the 2nd quarter worth $303,000. Institutional investors own 53.17% of the company’s stock.

About Docebo

Docebo Inc develops cloud-based learning management software for businesses and other organizations. Its platform is designed to help companies create, manage and deliver employee, customer, partner and member education through online learning programs.

The Docebo Learning Platform includes tools for course administration, content creation and management, assessments, reporting, automation and artificial intelligence. It also supports extended-enterprise learning, enabling organizations to provide training to audiences outside their workforce.