Docebo (NASDAQ:DCBO) Upgraded at Wall Street Zen

Docebo (NASDAQ:DCBO) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Sunday.

DCBO has been the topic of several other research reports. Oppenheimer restated an “outperform” rating and issued a $25.00 target price on shares of Docebo in a research note on Thursday, January 29th. Weiss Ratings cut shares of Docebo from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, December 31st. Cantor Fitzgerald lowered their price objective on shares of Docebo from $35.00 to $28.00 and set an “overweight” rating on the stock in a report on Wednesday, January 21st. National Bank Financial cut their price objective on shares of Docebo from $31.00 to $24.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 22nd. Finally, Needham & Company LLC reduced their target price on shares of Docebo from $38.00 to $31.00 and set a “buy” rating for the company in a report on Friday, February 27th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Docebo currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.92.

Docebo Stock Up 2.2%

NASDAQ:DCBO opened at $19.44 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.13 and a current ratio of 1.22. The company has a market cap of $559.09 million, a PE ratio of 15.31 and a beta of 1.44. Docebo has a 52-week low of $16.07 and a 52-week high of $33.70. The stock has a 50-day simple moving average of $19.45 and a 200 day simple moving average of $23.66.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Northwest & Ethical Investments L.P. acquired a new stake in shares of Docebo in the 4th quarter valued at approximately $27,000. Employees Retirement System of Texas acquired a new position in Docebo during the second quarter worth $44,000. State of Wyoming bought a new stake in Docebo during the fourth quarter worth $72,000. Deutsche Bank AG raised its position in Docebo by 33.2% during the fourth quarter. Deutsche Bank AG now owns 3,533 shares of the company’s stock worth $78,000 after acquiring an additional 881 shares in the last quarter. Finally, TD Waterhouse Canada Inc. lifted its stake in Docebo by 39.5% in the third quarter. TD Waterhouse Canada Inc. now owns 6,380 shares of the company’s stock valued at $172,000 after acquiring an additional 1,805 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.