Cantor Fitzgerald Initiates Coverage on Docebo (NASDAQ:DCBO)

Equities research analysts at Cantor Fitzgerald started coverage on shares of Docebo (NASDAQ:DCBO) in a research note issued on Monday, MarketBeat reports. The firm set an “overweight” rating and a $35.00 price target on the stock. Cantor Fitzgerald’s price target would indicate a potential upside of 27.88% from the company’s previous close.

A number of other research analysts have also recently issued reports on DCBO. Scotiabank lowered their price target 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. Needham & Company LLC reissued a “buy” rating and set a $42.00 price target on shares of Docebo in a research report on Thursday, April 10th. Wall Street Zen cut shares of Docebo from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. National Bank Financial cut shares of Docebo from an “outperform” rating to a “sector perform” rating in a research report on Friday, May 9th. Finally, UBS Group set a $45.00 price target on shares of Docebo in a research report on Tuesday, March 4th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.13.

Docebo Trading Down 2.4%

Shares of DCBO opened at $27.37 on Monday. The firm’s 50-day moving average price is $28.55 and its 200-day moving average price is $36.51. The firm has a market capitalization of $811.06 million, a price-to-earnings ratio of 47.19 and a beta of 1.48. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01. Docebo has a 1-year low of $25.50 and a 1-year high of $53.86.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Nicola Wealth Management LTD. purchased a new position in shares of Docebo during the first quarter valued at approximately $3,424,000. Acadian Asset Management LLC raised its holdings in shares of Docebo by 74.6% during the first quarter. Acadian Asset Management LLC now owns 217,825 shares of the company’s stock valued at $6,246,000 after purchasing an additional 93,090 shares during the last quarter. AYAL Capital Advisors Ltd raised its holdings in shares of Docebo by 39.7% during the first quarter. AYAL Capital Advisors Ltd now owns 175,602 shares of the company’s stock valued at $5,042,000 after purchasing an additional 49,902 shares during the last quarter. PDT Partners LLC raised its holdings in shares of Docebo by 74.3% during the first quarter. PDT Partners LLC now owns 14,794 shares of the company’s stock valued at $425,000 after purchasing an additional 6,305 shares during the last quarter. Finally, Warburg Pincus LLC raised its holdings in shares of Docebo by 11.1% during the first quarter. Warburg Pincus LLC now owns 3,630,715 shares of the company’s stock valued at $104,238,000 after purchasing an additional 362,840 shares during the last quarter. 53.17% of the stock is 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.