Raymond James & Associates Has $476,000 Stock Holdings in Docebo Inc. (NASDAQ:DCBO)

Raymond James & Associates grew its position in Docebo Inc. (NASDAQ:DCBO) by 15.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,840 shares of the company’s stock after buying an additional 1,282 shares during the period. Raymond James & Associates’ holdings in Docebo were worth $476,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. American Century Companies Inc. grew its stake in Docebo by 157.5% in the third quarter. American Century Companies Inc. now owns 252,247 shares of the company’s stock valued at $10,229,000 after acquiring an additional 154,281 shares during the period. Graham Capital Management L.P. bought a new stake in Docebo during the 3rd quarter worth approximately $535,000. EAM Investors LLC bought a new position in Docebo in the third quarter valued at approximately $1,076,000. Aigen Investment Management LP acquired a new position in shares of Docebo in the third quarter valued at approximately $266,000. Finally, Fiera Capital Corp increased its position in shares of Docebo by 73.3% during the third quarter. Fiera Capital Corp now owns 137,885 shares of the company’s stock worth $5,607,000 after acquiring an additional 58,319 shares in the last quarter. Institutional investors own 53.17% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DCBO. Morgan Stanley reduced their target price on shares of Docebo from $67.00 to $65.00 and set an “overweight” rating for the company in a research note on Friday, April 19th. Stifel Nicolaus boosted their price target on shares of Docebo from $60.00 to $70.00 and gave the stock a “buy” rating in a research report 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. TheStreet raised Docebo from a “d+” rating to a “c-” rating in a research report on Monday, March 18th. Finally, The Goldman Sachs Group increased their price target on Docebo from $44.00 to $55.00 and gave the company a “neutral” rating in a research report on Monday, February 26th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Docebo has a consensus rating of “Moderate Buy” and a consensus price target of $61.40.

Docebo Trading Up 1.6 %

Shares of Docebo stock opened at $44.72 on Friday. 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 has a fifty day simple moving average of $48.99 and a two-hundred day simple moving average of $46.56. Docebo Inc. has a 1 year low of $29.40 and a 1 year high of $56.41. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 496.89 and a beta of 1.64.

Docebo (NASDAQ:DCBO) last announced its earnings results on Friday, February 23rd. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.09 by $0.12. The business had revenue of $49.28 million during the quarter, compared to the consensus estimate of $48.46 million. Docebo had a net margin of 1.57% and a return on equity of 12.45%. Research analysts forecast that Docebo Inc. will post 0.81 EPS for the current year.

Docebo 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.