From Marketbeat:

Docebo Inc. experienced a large increase in short interest last month, with short interest reaching 129,200 shares, which is an increase of 20.6% from the previous month. There is currently a short-interest ratio of 1.9 days for Docebo, with approximately 0.9% of the company’s shares being short sold.

Docebo shares traded down to $48.38 on the NASDAQ last Friday, with the company’s 50-day moving average price at $46.22. The company has a market capitalization of $1.54 billion and a price-to-earnings ratio of 1,209.80.

Docebo, listed under NASDAQ as DCBO, last released its earnings results on Thursday, November 9th, and the company reported $0.09 EPS for the quarter. Analysts predict that Docebo will post 0.26 earnings per share for the current year.

Several equity research analysts have issued reports on DCBO; two have given the stock a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $54.22.

Institutional investors and hedge funds own around 45.96% of Docebo’s stock. Institutions such as PNC Financial Services Group, Inc., and Osaic Holdings, Inc., have recently made changes to their positions in the company.

Docebo Inc. operates as a learning management software company that provides AI-powered learning platforms in North America, Europe, and the Asia-Pacific region, offering a 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, Docebo Shape, and Docebo Content.

Before considering Docebo, investors should be aware that the company has a “Moderate Buy” rating among analysts. However, top-rated analysts believe there are five stocks better than Docebo, which they are recommending their clients buy.

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Read more: Short Interest in Docebo Inc. (NASDAQ:DCBO) Increases By 20.6%