Wall Street Zen Upgrades Docebo (NASDAQ:DCBO) to Buy

Docebo (NASDAQ:DCBO) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Monday.

DCBO has been the subject of several other research reports. TD Cowen restated a “buy” rating and set a $37.00 price target on shares of Docebo in a research report on Friday, October 3rd. Atb Cap Markets upgraded Docebo from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 10th. Oppenheimer initiated coverage on shares of Docebo in a research report on Wednesday, November 5th. They issued an “outperform” rating and a $35.00 target price for the company. TD Securities raised Docebo to a “strong-buy” rating in a research note on Thursday, January 15th. Finally, Morgan Stanley dropped their target price on shares of Docebo from $34.00 to $28.00 and set an “equal weight” rating on the stock in a report on Monday, November 10th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $34.80.

Docebo Stock Performance

Shares of DCBO stock opened at $18.60 on Monday. Docebo has a 52 week low of $18.11 and a 52 week high of $43.94. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.05. The business has a 50 day moving average of $21.31 and a two-hundred day moving average of $26.16. The company has a market cap of $534.75 million, a P/E ratio of 25.14 and a beta of 1.45.

Institutional Trading of Docebo

Institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio raised its position in Docebo by 7.3% during the second quarter. Public Employees Retirement System of Ohio now owns 11,444 shares of the company’s stock valued at $331,000 after acquiring an additional 783 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Docebo by 0.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 552,271 shares of the company’s stock worth $16,006,000 after purchasing an additional 1,381 shares during the last quarter. Employees Retirement System of Texas acquired a new position in Docebo in the 2nd quarter valued at approximately $44,000. TD Waterhouse Canada Inc. boosted its stake in Docebo by 39.5% during the third quarter. TD Waterhouse Canada Inc. now owns 6,380 shares of the company’s stock worth $172,000 after buying an additional 1,805 shares in the last quarter. Finally, National Bank of Canada FI increased its stake in Docebo by 7.9% in the third quarter. National Bank of Canada FI now owns 24,937 shares of the company’s stock valued at $675,000 after acquiring an additional 1,831 shares during the period. 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.