3 days Ago By ABMN Staff
Docebo Inc. ( NASDAQ:DCBO – Get Free Report ) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 64,800 shares, a decrease of 33.
4% from the November 30th total of 97,300 shares. Based on an average daily volume of 59,900 shares, the short-interest ratio is presently 1.1 days.
Currently, 0.5% of the company’s stock are sold short. Docebo Trading Down 2.
1 % Shares of Docebo stock opened at $45.65 on Monday. The firm’s 50-day moving average price is $48.
20 and its two-hundred day moving average price is $43.52. The company has a market capitalization of $1.
38 billion, a price-to-earnings ratio of 78.71 and a beta of 1.55.
The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.
01. Docebo has a 12-month low of $33.81 and a 12-month high of $56.
41. Wall Street Analysts Forecast Growth Several analysts have issued reports on DCBO shares. CIBC upped their price target on shares of Docebo from $44.
00 to $52.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Needham & Company LLC raised their price objective on Docebo from $50.
00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Craig Hallum boosted their target price on Docebo from $58.
00 to $62.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Scotiabank increased their price target on Docebo from $50.
00 to $55.00 and gave the company a “sector outperform” rating in a research note on Thursday, October 24th. Finally, Atb Cap Markets downgraded shares of Docebo from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th.
Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $57.36.
Institutional Investors Weigh In On Docebo Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Barclays PLC bought a new stake in Docebo during the 3rd quarter worth $142,000. Geode Capital Management LLC boosted its position in Docebo by 2.
3% during the 3rd quarter. Geode Capital Management LLC now owns 40,543 shares of the company’s stock worth $1,791,000 after buying an additional 911 shares during the period. Public Employees Retirement System of Ohio bought a new stake in Docebo during the 3rd quarter worth approximately $921,000.
Luxor Capital Group LP bought a new position in shares of Docebo during the third quarter valued at $9,071,000. Finally, XTX Topco Ltd lifted its holdings in shares of Docebo by 63.6% during the third quarter.
XTX Topco Ltd now owns 11,191 shares of the company’s stock worth $495,000 after purchasing an additional 4,350 shares during the period. 53.17% of the stock is currently owned by institutional investors.
About Docebo ( Get Free Report ) 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.
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