Docebo (NASDAQ:DCBO) Stock Jumps 4.6% – Time to Buy?

by · The Cerbat Gem

Docebo Inc. (NASDAQ:DCBO – Get Free Report)’s stock price rose 4.6% during trading on Tuesday. The company traded as high as $26.82 and last traded at $26.7990. Approximately 20,865 shares changed hands during mid-day 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

Several brokerages have recently issued reports on DCBO. Weiss Ratings raised shares of Docebo from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday. Zacks Research raised Docebo from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 19th. Needham & Company LLC reissued a “buy” rating and issued a $31.00 target price on shares of Docebo in a research note on Friday, July 17th. National Bank Financial raised their price objective on shares of Docebo from $22.00 to $24.00 and gave the stock a “sector perform” rating in a report on Monday, August 10th. Finally, Wall Street Zen raised Docebo from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Docebo presently has an average rating of “Moderate Buy” and an average target price of $30.18.

Read Our Latest Stock Analysis on Docebo

Docebo Trading Up 6.0%

The firm’s 50-day moving average is $23.69 and its 200-day moving average is $20.05. The firm has a market cap of $679.86 million, a price-to-earnings ratio of 23.79 and a beta of 1.22.

Docebo (NASDAQ:DCBO – Get Free Report) last released its quarterly earnings data on Friday, August 7th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.08. Docebo had a net margin of 12.98% and a return on equity of 120.29%. The company had revenue of $63.80 million during the quarter, compared to analyst estimates of $67.14 million. Analysts forecast that Docebo Inc. will post 1.44 EPS for the current fiscal year.

Institutional Trading of Docebo

Several institutional investors and hedge funds have recently made changes to their positions in DCBO. Allworth Financial LP purchased a new position in Docebo in the second quarter valued at about $52,000. NewEdge Advisors LLC increased its position in shares of Docebo by 1,101.5% during the 1st quarter. NewEdge Advisors LLC now owns 3,977 shares of the company’s stock worth $69,000 after purchasing an additional 3,646 shares during the last quarter. State of Wyoming acquired a new position in Docebo during the 2nd quarter worth approximately $137,000. DGS Capital Management LLC purchased a new stake in Docebo in the 1st quarter valued at $178,000. Finally, K2 Principal Fund L.P. acquired a new position in Docebo during the second quarter worth $303,000. 53.17% of the stock is currently owned by institutional investors.

Docebo Company Profile

(Get Free Report)

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.

Featured Stories