Docebo (NASDAQ:DCBO) Coverage Initiated by Analysts at Cantor Fitzgerald

Cantor Fitzgerald began coverage on shares of Docebo (NASDAQ:DCBO) in a report released on Monday morning, MarketBeat Ratings reports. The brokerage issued an overweight rating and a $35.00 price objective on the stock.

DCBO has been the topic of several other reports. National Bank Financial downgraded Docebo from an “outperform” rating to a “sector perform” rating in a research note on Friday, May 9th. Wall Street Zen cut shares of Docebo from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd. Scotiabank cut their price objective on shares of Docebo from $45.00 to $40.00 and set a “sector outperform” rating for the company in a research report on Monday, May 12th. Needham & Company LLC restated a “buy” rating and issued a $42.00 target price on shares of Docebo in a research note on Thursday, April 10th. Finally, Morgan Stanley lowered shares of Docebo from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $41.00 to $32.00 in a research note on Monday, May 12th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Docebo has a consensus rating of “Moderate Buy” and a consensus price target of $44.13.

Docebo Stock Performance

Shares of Docebo stock opened at $28.05 on Monday. The stock has a market capitalization of $831.21 million, a price-to-earnings ratio of 48.36 and a beta of 1.48. Docebo has a 12 month low of $25.50 and a 12 month high of $53.86. The firm’s fifty day simple moving average is $28.58 and its 200-day simple moving average is $36.58. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 1.13.

Institutional Trading of Docebo

Several hedge funds and other institutional investors have recently made changes to their positions in DCBO. Nicola Wealth Management LTD. purchased a new position in Docebo in the first quarter valued at about $3,424,000. Acadian Asset Management LLC grew its holdings in shares of Docebo by 74.6% in the 1st quarter. Acadian Asset Management LLC now owns 217,825 shares of the company’s stock worth $6,246,000 after acquiring an additional 93,090 shares during the period. AYAL Capital Advisors Ltd increased its stake in Docebo by 39.7% in the 1st quarter. AYAL Capital Advisors Ltd now owns 175,602 shares of the company’s stock valued at $5,042,000 after purchasing an additional 49,902 shares in the last quarter. PDT Partners LLC raised its holdings in Docebo by 74.3% during the first quarter. PDT Partners LLC now owns 14,794 shares of the company’s stock worth $425,000 after purchasing an additional 6,305 shares during the last quarter. Finally, Warburg Pincus LLC raised its holdings in Docebo by 11.1% during the first quarter. Warburg Pincus LLC now owns 3,630,715 shares of the company’s stock worth $104,238,000 after purchasing an additional 362,840 shares during the last quarter. Institutional investors and hedge funds own 53.17% of the company’s stock.

About Docebo

Docebo Inc operates as a learning management software company that provides artificial intelligence (AI)-powered learning platform in North America and internationally. It offers Learning Management System (LMS) to train internal and external workforces, partners, and customers. The company's cloud platform consists of a learning suite, which includes Docebo Learn LMS, a cloud-based learning platform that allows learning administrators to deliver personalized learning; Docebo Shape, an AI-based learning content creation tool, which enables learning administrators to turn internal and external resources into engaging, multilingual, and microlearning content to share across the business; Docebo Content that allows off-the-shelf learning content by partnering content specialist; Docebo Learning Impact, a learning measurement tool that enables administrators to prove and improve training programs; Docebo Learn Data, which gives a comprehensive view on learning data to business results; Docebo Connect that connects Docebo to custom tech stack and making integrations; and Docebo Flow that allows businesses to directly inject learning into the flow of work.