Docebo (NASDAQ:DCBO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Docebo (NASDAQ:DCBO) from a hold rating to a buy rating in a research note issued to investors on Saturday morning.

Several other equities analysts also recently issued reports on DCBO. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $28.00 price objective on shares of Docebo in a report on Wednesday, April 22nd. National Bank Financial upped their price target on shares of Docebo from $21.00 to $22.00 and gave the stock a “sector perform” rating in a research report on Monday, July 20th. ATB Cormark Capital Markets decreased their price target on shares of Docebo from $36.00 to $35.00 and set an “outperform” rating on the stock in a research note on Monday, July 20th. Weiss Ratings cut Docebo from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, July 23rd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $31.00 price objective on shares of Docebo in a research note on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $31.23.

Docebo Price Performance

Docebo stock opened at $23.41 on Friday. The company’s fifty day moving average price is $18.79 and its 200 day moving average price is $18.41. Docebo has a 1 year low of $14.39 and a 1 year high of $32.85. The stock has a market capitalization of $582.67 million, a P/E ratio of 20.54 and a beta of 1.24. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.85 and a current ratio of 0.85.

Institutional Trading of Docebo

A number of hedge funds have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership lifted its holdings in 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 last quarter. CIBC Asset Management Inc increased its stake in Docebo by 3.8% during the second quarter. CIBC Asset Management Inc now owns 445,517 shares of the company’s stock worth $12,915,000 after acquiring an additional 16,432 shares during the last quarter. Wellington Management Group LLP raised its position in Docebo by 1.2% in the fourth quarter. Wellington Management Group LLP now owns 437,595 shares of the company’s stock valued at $9,715,000 after purchasing an additional 5,169 shares during the period. FIL Ltd raised its position in Docebo by 16.1% in the fourth quarter. FIL Ltd now owns 255,518 shares of the company’s stock valued at $5,676,000 after purchasing an additional 35,445 shares during the period. Finally, Millennium Management LLC lifted its stake in shares of Docebo by 137.2% in the 4th quarter. Millennium Management LLC now owns 213,444 shares of the company’s stock valued at $4,741,000 after purchasing an additional 123,473 shares during the last quarter. Institutional investors and hedge funds own 53.17% of the company’s stock.

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.