Docebo Inc. (NASDAQ:DCBO) Sees Significant Increase in Short Interest

Docebo Inc. (NASDAQ:DCBO) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 142,100 shares, an increase of 5.8% from the March 31st total of 134,300 shares. Based on an average daily volume of 93,200 shares, the short-interest ratio is presently 1.5 days. Approximately 1.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DCBO. CIBC lifted their price target on Docebo from $49.81 to $58.00 and gave the company an “outperform” rating in a research note on Thursday, January 11th. Stifel Nicolaus lifted their price target on Docebo from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, February 26th. Scotiabank raised their price objective on Docebo from $60.00 to $65.00 and gave the company a “sector outperform” rating in a report on Monday, February 26th. Eight Capital cut their price objective on Docebo from $75.00 to $65.00 and set a “buy” rating on the stock in a report on Monday, February 26th. Finally, The Goldman Sachs Group lifted their target price on Docebo from $44.00 to $55.00 and gave the stock a “neutral” rating in a report on Monday, February 26th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.40.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in DCBO. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Docebo by 56.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,238 shares of the company’s stock valued at $173,000 after purchasing an additional 1,528 shares during the period. Mackenzie Financial Corp increased its position in Docebo by 948.8% in the 3rd quarter. Mackenzie Financial Corp now owns 73,879 shares of the company’s stock valued at $2,790,000 after buying an additional 66,835 shares in the last quarter. Pathway Financial Advisors LLC bought a new stake in Docebo in the 3rd quarter valued at about $203,000. Cidel Asset Management Inc. increased its position in Docebo by 4.7% in the 3rd quarter. Cidel Asset Management Inc. now owns 18,530 shares of the company’s stock valued at $755,000 after buying an additional 838 shares in the last quarter. Finally, Fiera Capital Corp increased its position in Docebo by 73.3% in the 3rd quarter. Fiera Capital Corp now owns 137,885 shares of the company’s stock valued at $5,607,000 after buying an additional 58,319 shares in the last quarter. 53.17% of the stock is owned by institutional investors and hedge funds.

Docebo Stock Up 0.7 %

Shares of NASDAQ:DCBO opened at $45.09 on Thursday. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 501.00 and a beta of 1.64. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.26 and a quick ratio of 1.26. The business’s 50-day moving average is $48.98 and its 200-day moving average is $46.72. Docebo has a 1 year low of $29.40 and a 1 year high of $56.41.

Docebo (NASDAQ:DCBO) last announced its quarterly earnings data on Friday, February 23rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.12. The company had revenue of $49.28 million for the quarter, compared to the consensus estimate of $48.46 million. Docebo had a return on equity of 12.45% and a net margin of 1.57%. Equities research analysts predict that Docebo will post 0.73 earnings per share for the current year.

Docebo Company Profile

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.