Docebo’s (DCBO) “Buy” Rating Reaffirmed at TD Cowen

TD Cowen reissued their buy rating on shares of Docebo (NASDAQ:DCBO) in a research report report published on Friday,Benzinga reports. TD Cowen currently has a $37.00 price objective on the stock.

Several other research firms have also weighed in on DCBO. TD Securities initiated coverage on shares of Docebo in a research note on Friday. They set a “buy” rating and a $37.00 price objective on the stock. Cantor Fitzgerald started coverage on Docebo in a research report on Monday, June 9th. They set an “overweight” rating and a $35.00 price target on the stock. Wall Street Zen upgraded Docebo from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Finally, Zacks Research upgraded Docebo to a “hold” rating in a research note on Friday, August 8th. Seven analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.67.

Docebo Stock Performance

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

Hedge Funds Weigh In On Docebo

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Employees Retirement System of Texas acquired a new stake in shares of Docebo during the 2nd quarter worth $44,000. Aigen Investment Management LP bought a new stake in Docebo during the first quarter worth about $263,000. 1832 Asset Management L.P. grew its stake in Docebo by 112.6% during the first quarter. 1832 Asset Management L.P. now owns 10,631 shares of the company’s stock worth $305,000 after buying an additional 5,631 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Docebo by 29.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 11,294 shares of the company’s stock valued at $327,000 after buying an additional 2,546 shares during the period. Finally, Public Employees Retirement System of Ohio increased its holdings in Docebo by 7.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 11,444 shares of the company’s stock valued at $331,000 after buying an additional 783 shares during the period. 53.17% of the stock is owned by institutional investors and hedge funds.

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.