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

Docebo Inc. (NASDAQ:DCBO) has earned an average rating of “Moderate Buy” from the sixteen brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, ten have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $30.6667.

A number of research analysts have commented on the company. Weiss Ratings upgraded Docebo from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 8th. National Bank Financial lowered their target price on Docebo from $24.00 to $21.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 27th. Zacks Research downgraded Docebo from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Cantor Fitzgerald reiterated an “overweight” rating and set a $28.00 target price on shares of Docebo in a report on Wednesday, April 22nd. Finally, Wall Street Zen lowered Docebo from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Topline Capital Management LLC grew its holdings in Docebo by 484.9% during the 3rd quarter. Topline Capital Management LLC now owns 323,219 shares of the company’s stock valued at $8,834,000 after purchasing an additional 267,962 shares in the last quarter. Wellington Management Group LLP boosted its position in Docebo by 45.1% in the 3rd quarter. Wellington Management Group LLP now owns 432,426 shares of the company’s stock valued at $11,818,000 after buying an additional 134,437 shares during the last quarter. Royal Bank of Canada boosted its position in Docebo by 467.1% in the 1st quarter. Royal Bank of Canada now owns 158,340 shares of the company’s stock valued at $4,546,000 after buying an additional 130,419 shares during the last quarter. Millennium Management LLC boosted its position in Docebo by 137.2% in the 4th quarter. Millennium Management LLC now owns 213,444 shares of the company’s stock valued at $4,741,000 after buying an additional 123,473 shares during the last quarter. Finally, Two Sigma Investments LP grew its stake in shares of Docebo by 211.3% during the third quarter. Two Sigma Investments LP now owns 160,772 shares of the company’s stock valued at $4,394,000 after acquiring an additional 109,128 shares in the last quarter. 53.17% of the stock is owned by institutional investors and hedge funds.

Docebo Stock Performance

NASDAQ:DCBO opened at $18.54 on Friday. 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 firm has a market capitalization of $466.10 million, a price-to-earnings ratio of 15.98 and a beta of 1.27. The firm’s fifty day simple moving average is $17.85 and its 200 day simple moving average is $18.51. Docebo has a twelve month low of $14.39 and a twelve month high of $33.42.

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.