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

Shares of Docebo Inc. (NASDAQ:DCBO) have been given a consensus rating of “Moderate Buy” by the fourteen brokerages that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation, seven have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $36.20.

DCBO has been the subject of a number of analyst reports. Atb Cap Markets upgraded shares of Docebo from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 10th. Needham & Company LLC decreased their price objective on Docebo from $42.00 to $38.00 and set a “buy” rating for the company in a report on Friday, November 7th. Wall Street Zen lowered Docebo from a “buy” rating to a “hold” rating in a report on Sunday. National Bankshares cut their target price on Docebo from $35.00 to $31.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 23rd. Finally, Zacks Research lowered Docebo from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th.

Docebo Stock Performance

NASDAQ DCBO opened at $19.72 on Friday. The company has a market cap of $566.67 million, a P/E ratio of 26.64 and a beta of 1.45. The company has a fifty day simple moving average of $21.75 and a 200 day simple moving average of $26.55. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.05. Docebo has a 12-month low of $19.51 and a 12-month high of $43.94.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in shares of Docebo by 141.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 27,321 shares of the company’s stock worth $747,000 after acquiring an additional 16,027 shares during the period. Verition Fund Management LLC lifted its holdings in Docebo by 71.4% during the third quarter. Verition Fund Management LLC now owns 14,106 shares of the company’s stock valued at $386,000 after purchasing an additional 5,878 shares during the last quarter. National Bank of Canada FI boosted its position in Docebo by 7.9% during the third quarter. National Bank of Canada FI now owns 24,937 shares of the company’s stock worth $675,000 after purchasing an additional 1,831 shares during the period. Centiva Capital LP purchased a new position in shares of Docebo in the third quarter worth about $204,000. Finally, Boothbay Fund Management LLC purchased a new position in shares of Docebo in the third quarter worth about $291,000. 53.17% of the stock is currently owned by hedge funds and other institutional investors.

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.