Docebo’s (DCBO) Buy Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Docebo (NASDAQ:DCBO) in a report issued on Friday,Benzinga reports. They currently have a $31.00 target price on the stock.

DCBO has been the topic of a number of other research reports. Zacks Research lowered shares of Docebo from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Wall Street Zen cut shares of Docebo from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Weiss Ratings raised shares of Docebo from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 8th. Cantor Fitzgerald restated an “overweight” rating and issued a $28.00 target price on shares of Docebo in a report on Wednesday, April 22nd. Finally, National Bank Financial decreased their target price on Docebo from $24.00 to $21.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 27th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Docebo presently has an average rating of “Moderate Buy” and an average price target of $30.67.

Docebo Trading Up 9.9%

Shares of DCBO opened at $20.38 on Friday. The business’s 50-day moving average price is $17.84 and its 200 day moving average price is $18.52. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $512.35 million, a P/E ratio of 17.57 and a beta of 1.27. Docebo has a 1-year low of $14.39 and a 1-year high of $33.42.

Institutional Trading of Docebo

A number of institutional investors and hedge funds have recently modified their holdings of the company. Northwest & Ethical Investments L.P. bought a new position in Docebo during the fourth quarter worth about $27,000. State of Wyoming bought a new position in shares of Docebo during the 4th quarter worth approximately $72,000. Deutsche Bank AG boosted its stake in Docebo by 33.2% in the 4th quarter. Deutsche Bank AG now owns 3,533 shares of the company’s stock valued at $78,000 after buying an additional 881 shares in the last quarter. NewEdge Advisors LLC boosted its stake in Docebo by 1,101.5% in the 1st quarter. NewEdge Advisors LLC now owns 3,977 shares of the company’s stock valued at $69,000 after buying an additional 3,646 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Docebo by 46.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,063 shares of the company’s stock valued at $193,000 after acquiring an additional 2,248 shares during the period. 53.17% of the stock is currently owned by institutional investors.

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.