Docebo (NASDAQ:DCBO) Shares Gap Up – What’s Next?

Shares of Docebo Inc. (NASDAQ:DCBO) gapped up prior to trading on Thursday . The stock had previously closed at $18.52, but opened at $20.04. Docebo shares last traded at $19.6860, with a volume of 158,983 shares changing hands.

Analyst Ratings Changes

Several research analysts recently weighed in on DCBO shares. Cantor Fitzgerald cut their price target on shares of Docebo from $35.00 to $28.00 and set an “overweight” rating on the stock in a report on Wednesday, January 21st. TD Cowen reissued a “buy” rating and set a $37.00 target price on shares of Docebo in a research report on Friday, October 3rd. National Bankshares cut their target price on Docebo from $31.00 to $24.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 22nd. ATB Capital raised Docebo to an “outperform” rating in a research report on Wednesday, December 10th. Finally, TD Securities raised Docebo to a “strong-buy” rating in a research report on Thursday, January 15th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Docebo currently has an average rating of “Moderate Buy” and a consensus price target of $34.80.

Docebo Stock Up 7.0%

The firm has a market capitalization of $569.54 million, a P/E ratio of 26.76 and a beta of 1.45. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a 50 day moving average of $21.18 and a 200-day moving average of $25.97.

Institutional Investors Weigh In On Docebo

Institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio increased its position in shares of Docebo by 7.3% during the second quarter. Public Employees Retirement System of Ohio now owns 11,444 shares of the company’s stock valued at $331,000 after buying an additional 783 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Docebo by 0.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 552,271 shares of the company’s stock worth $16,006,000 after buying an additional 1,381 shares in the last quarter. Employees Retirement System of Texas purchased a new stake in shares of Docebo in the 2nd quarter valued at $44,000. TD Waterhouse Canada Inc. boosted its position in Docebo by 39.5% during the third quarter. TD Waterhouse Canada Inc. now owns 6,380 shares of the company’s stock valued at $172,000 after buying an additional 1,805 shares during the period. Finally, National Bank of Canada FI boosted its holdings in Docebo by 7.9% during the 3rd quarter. National Bank of Canada FI now owns 24,937 shares of the company’s stock valued at $675,000 after acquiring an additional 1,831 shares during the period. Hedge funds and other institutional investors own 53.17% of the company’s stock.

Docebo Company Profile

Docebo is a cloud-based learning management system (LMS) provider that offers enterprise organizations a comprehensive platform for employee, customer and partner training. The company’s software is designed to streamline learning and development with features such as AI-powered content recommendations, automated learning paths and social collaboration tools. Docebo’s platform supports multiple languages and integrates with a variety of third-party applications, enabling businesses to deliver training at scale across different departments and regions.

Founded in 2005 and headquartered in Toronto, Canada, Docebo has expanded its footprint to serve customers in North America, Europe, the Middle East and the Asia Pacific region.