Docebo (NASDAQ:DCBO) Sees Large Volume Increase – Should You Buy?

Shares of Docebo Inc. (NASDAQ:DCBO) saw an uptick in trading volume on Friday . 57,622 shares traded hands during trading, a decline of 6% from the previous session’s volume of 61,561 shares.The stock last traded at $29.16 and had previously closed at $37.33.

Analysts Set New Price Targets

A number of equities analysts recently commented on DCBO shares. Craig Hallum lifted their price objective on Docebo from $58.00 to $62.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Atb Cap Markets raised Docebo from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Finally, Needham & Company LLC lifted their price objective on Docebo from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $56.60.

Docebo Trading Down 14.0 %

The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $971.69 million, a P/E ratio of 55.33 and a beta of 1.55. The firm’s 50 day simple moving average is $42.42 and its two-hundred day simple moving average is $44.68.

Institutional Investors Weigh In On Docebo

Several hedge funds and other institutional investors have recently bought and sold shares of DCBO. Plato Investment Management Ltd bought a new stake in Docebo in the third quarter valued at $35,000. Quantbot Technologies LP bought a new stake in Docebo in the fourth quarter valued at $132,000. Tower Research Capital LLC TRC increased its position in shares of Docebo by 46.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,983 shares of the company’s stock worth $134,000 after acquiring an additional 949 shares in the last quarter. Barclays PLC bought a new stake in shares of Docebo during the third quarter worth about $142,000. Finally, Deutsche Bank AG bought a new stake in shares of Docebo during the fourth quarter worth about $242,000. 53.17% of the stock is 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.