Docebo (NASDAQ:DCBO) Coverage Initiated by Analysts at TD Securities

TD Securities started coverage on shares of Docebo (NASDAQ:DCBO) in a research report released on Friday, MarketBeat reports. The brokerage issued a buy rating and a $37.00 target price on the stock.

Several other equities research analysts have also weighed in on the stock. Zacks Research upgraded shares of Docebo to a “hold” rating in a research note on Friday, August 8th. Wall Street Zen upgraded Docebo from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. Finally, Cantor Fitzgerald assumed coverage on Docebo in a research report on Monday, June 9th. They set an “overweight” rating and a $35.00 price objective for the company. Seven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Docebo presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.67.

Docebo Trading Up 0.7%

Docebo stock opened at $27.44 on Friday. The firm’s 50-day moving average is $30.22 and its 200-day moving average is $29.28. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.04 and a current ratio of 1.04. Docebo has a 1 year low of $25.50 and a 1 year high of $53.86. The company has a market cap of $788.35 million, a P/E ratio of 39.77 and a beta of 1.45.

Institutional Investors Weigh In On Docebo

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Warburg Pincus LLC lifted its holdings in Docebo by 11.1% in 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 period. Long Path Partners LP raised its position in shares of Docebo by 30.5% during the 2nd quarter. Long Path Partners LP now owns 1,176,750 shares of the company’s stock worth $34,055,000 after buying an additional 275,176 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of 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 acquiring an additional 1,381 shares during the period. CIBC Asset Management Inc boosted its holdings in shares of Docebo by 3.8% in the second quarter. CIBC Asset Management Inc now owns 445,517 shares of the company’s stock valued at $12,915,000 after acquiring an additional 16,432 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of Docebo by 21.6% in the second quarter. Bank of Montreal Can now owns 399,152 shares of the company’s stock valued at $11,577,000 after acquiring an additional 70,827 shares in the last quarter. 53.17% of the stock is currently owned by institutional investors.

Docebo Company Profile

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.