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

Docebo Inc. (NASDAQ:DCBO) has been assigned a consensus recommendation of “Moderate Buy” from the sixteen analysts that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $31.0769.

Several brokerages have commented on DCBO. Weiss Ratings downgraded Docebo from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, July 23rd. Needham & Company LLC reaffirmed a “buy” rating and set a $31.00 price objective on shares of Docebo in a report on Friday, July 17th. National Bank Financial raised their target price on shares of Docebo from $21.00 to $22.00 and gave the company a “sector perform” rating in a research note on Monday, July 20th. ATB Cormark Capital Markets dropped their target price on shares of Docebo from $36.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, July 20th. Finally, Zacks Research lowered shares of Docebo from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 21st.

Hedge Funds Weigh In On Docebo

Several large investors have recently made changes to their positions in DCBO. NewEdge Advisors LLC grew its holdings in Docebo by 1,101.5% in the 1st quarter. NewEdge Advisors LLC now owns 3,977 shares of the company’s stock valued at $69,000 after buying an additional 3,646 shares during the last quarter. Turtle Creek Asset Management Inc. increased its position in Docebo by 38.6% in the 1st quarter. Turtle Creek Asset Management Inc. now owns 21,200 shares of the company’s stock worth $370,000 after buying an additional 5,900 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of Docebo by 74.4% during the first quarter. Lazard Asset Management LLC now owns 28,458 shares of the company’s stock worth $498,000 after buying an additional 12,141 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Docebo by 16.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 615,587 shares of the company’s stock valued at $10,775,000 after acquiring an additional 86,038 shares during the period. Finally, Sei Investments Co. grew its stake in shares of Docebo by 211.7% in the first quarter. Sei Investments Co. now owns 56,034 shares of the company’s stock worth $979,000 after acquiring an additional 38,058 shares during the last quarter. Institutional investors and hedge funds own 53.17% of the company’s stock.

Docebo Stock Performance

Shares of NASDAQ DCBO opened at $20.36 on Thursday. 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 firm has a market cap of $506.76 million, a price-to-earnings ratio of 17.55 and a beta of 1.24. The business’s 50-day simple moving average is $18.59 and its 200-day simple moving average is $18.35. Docebo has a 52 week low of $14.39 and a 52 week high of $33.42.

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.