Cantor Fitzgerald Reaffirms Overweight Rating for Docebo (NASDAQ:DCBO)

Docebo (NASDAQ:DCBO)‘s stock had its “overweight” rating reissued by investment analysts at Cantor Fitzgerald in a research report issued to clients and investors on Wednesday, Marketbeat reports. They presently have a $35.00 target price on the stock. Cantor Fitzgerald’s price target points to a potential upside of 56.50% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. ATB Capital upgraded Docebo to an “outperform” rating in a research report on Wednesday, December 10th. Wall Street Zen cut Docebo from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. CIBC decreased their target price on Docebo from $37.00 to $36.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Zacks Research cut shares of Docebo from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. Finally, Oppenheimer started coverage on Docebo in a research note on Wednesday, November 5th. They set an “outperform” rating and a $35.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $36.20.

Docebo Price Performance

Docebo stock opened at $22.36 on Wednesday. The business has a fifty day moving average price of $23.17 and a 200-day moving average price of $27.18. The firm has a market capitalization of $642.74 million, a P/E ratio of 30.22 and a beta of 1.45. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.13 and a quick ratio of 1.13. Docebo has a one year low of $20.20 and a one year high of $46.70.

Hedge Funds Weigh In On Docebo

Several large investors have recently added to or reduced their stakes in DCBO. Warburg Pincus LLC increased its stake in Docebo by 11.1% in the 1st quarter. Warburg Pincus LLC now owns 3,630,715 shares of the company’s stock worth $104,238,000 after acquiring an additional 362,840 shares during the last quarter. Long Path Partners LP lifted its holdings in shares of Docebo by 30.5% in the 2nd quarter. Long Path Partners LP now owns 1,176,750 shares of the company’s stock worth $34,055,000 after acquiring an additional 275,176 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Docebo by 0.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 554,383 shares of the company’s stock worth $15,132,000 after purchasing an additional 2,112 shares during the period. CIBC Asset Management Inc boosted its stake in shares of Docebo by 3.8% during the 2nd quarter. CIBC Asset Management Inc now owns 445,517 shares of the company’s stock worth $12,915,000 after purchasing an additional 16,432 shares during the period. Finally, Wellington Management Group LLP grew its holdings in Docebo by 45.1% during the 3rd quarter. Wellington Management Group LLP now owns 432,426 shares of the company’s stock valued at $11,818,000 after purchasing an additional 134,437 shares during the last quarter. 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.