Docebo Inc. (NASDAQ:DCBO) Given Consensus Rating of “Moderate Buy” by Analysts

Docebo Inc. (NASDAQ:DCBO) has been assigned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $44.13.

Several equities research analysts have weighed in on the stock. Wall Street Zen downgraded shares of Docebo from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd. Scotiabank decreased their target price on shares of Docebo from $45.00 to $40.00 and set a “sector outperform” rating for the company in a research report on Monday, May 12th. Morgan Stanley cut shares of Docebo from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $41.00 to $32.00 in a report on Monday, May 12th. Cantor Fitzgerald started coverage on shares of Docebo in a report on Monday. They set an “overweight” rating and a $35.00 price target on the stock. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $42.00 target price on shares of Docebo in a research note on Thursday, April 10th.

Docebo Trading Up 0.9%

DCBO opened at $27.62 on Friday. Docebo has a 1-year low of $25.50 and a 1-year high of $53.86. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01. The company has a market cap of $818.46 million, a P/E ratio of 47.62 and a beta of 1.48. The company has a fifty day moving average price of $28.55 and a two-hundred day moving average price of $36.45.

Institutional Trading of Docebo

A number of institutional investors have recently modified their holdings of DCBO. Quantbot Technologies LP bought a new stake in Docebo during the 4th quarter worth approximately $132,000. Tower Research Capital LLC TRC grew its holdings in shares of Docebo by 46.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,983 shares of the company’s stock valued at $134,000 after purchasing an additional 949 shares during the last quarter. Deutsche Bank AG bought a new position in shares of Docebo during the 4th quarter valued at $242,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Docebo during the 4th quarter valued at $255,000. Finally, Aigen Investment Management LP purchased a new stake in Docebo during the 1st quarter valued at $263,000. 53.17% of the stock is currently owned by hedge funds and other 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.