Docebo Inc. (NASDAQ:DCBO) Receives Average Recommendation of “Moderate Buy” from Analysts

Docebo Inc. (NASDAQ:DCBO) has been assigned an average recommendation of “Moderate Buy” from the sixteen analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, ten have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $30.6667.

Several analysts have commented on DCBO shares. Zacks Research downgraded shares of Docebo from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Scotiabank dropped their target price on shares of Docebo from $32.00 to $25.00 and set an “outperform” rating on the stock in a report on Monday, March 2nd. Needham & Company LLC restated a “buy” rating and set a $31.00 target price on shares of Docebo in a report on Wednesday, April 22nd. Cantor Fitzgerald restated an “overweight” rating and set a $28.00 target price on shares of Docebo in a report on Wednesday, April 22nd. Finally, Stifel Nicolaus dropped their target price on shares of Docebo from $34.00 to $28.00 and set a “buy” rating on the stock in a report on Monday, March 2nd.

Institutional Trading of Docebo

A number of hedge funds and other institutional investors have recently made changes to their positions in DCBO. Royal Bank of Canada raised its holdings in shares of Docebo by 467.1% in the first quarter. Royal Bank of Canada now owns 158,340 shares of the company’s stock valued at $4,546,000 after purchasing an additional 130,419 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Docebo by 29.1% in the second quarter. JPMorgan Chase & Co. now owns 11,294 shares of the company’s stock valued at $327,000 after purchasing an additional 2,546 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of Docebo by 3.8% in the second quarter. CIBC Asset Management Inc now owns 445,517 shares of the company’s stock valued at $12,915,000 after purchasing an additional 16,432 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Docebo by 68.5% in the second quarter. Bank of America Corp DE now owns 119,508 shares of the company’s stock valued at $3,459,000 after purchasing an additional 48,588 shares during the last quarter. Finally, Balyasny Asset Management L.P. raised its holdings in shares of Docebo by 55.8% in the second quarter. Balyasny Asset Management L.P. now owns 14,034 shares of the company’s stock valued at $406,000 after purchasing an additional 5,029 shares during the last quarter. 53.17% of the stock is currently owned by institutional investors and hedge funds.

Docebo Stock Performance

Shares of DCBO stock opened at $18.28 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $464.31 million, a P/E ratio of 15.76 and a beta of 1.31. The company’s 50 day moving average price is $17.75 and its two-hundred day moving average price is $19.45. Docebo has a 52 week low of $14.39 and a 52 week high of $33.42.

About Docebo

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.