Docebo Inc. (NASDAQ:DCBO) Given Average Recommendation of “Moderate Buy” by Analysts

Docebo Inc. (NASDAQ:DCBO) has received a consensus recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $36.20.

DCBO has been the subject of a number of recent analyst reports. Cantor Fitzgerald reissued an “overweight” rating and set a $35.00 target price on shares of Docebo in a research report on Wednesday, December 24th. TD Securities raised shares of Docebo to a “strong-buy” rating in a research note on Thursday. Oppenheimer began coverage on Docebo in a report on Wednesday, November 5th. They set an “outperform” rating and a $35.00 price target for the company. Zacks Research downgraded Docebo from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Finally, Morgan Stanley cut their target price on Docebo from $34.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Monday, November 10th.

Institutional Trading of Docebo

Several hedge funds have recently modified their holdings of DCBO. Long Path Partners LP grew its holdings in Docebo by 30.5% in the second quarter. Long Path Partners LP now owns 1,176,750 shares of the company’s stock worth $34,055,000 after purchasing an additional 275,176 shares during the period. Topline Capital Management LLC boosted its position in shares of Docebo by 484.9% during the 3rd quarter. Topline Capital Management LLC now owns 323,219 shares of the company’s stock worth $8,834,000 after purchasing an additional 267,962 shares in the last quarter. Beutel Goodman & Co Ltd. acquired a new stake in shares of Docebo in the 2nd quarter valued at about $7,189,000. Wellington Management Group LLP increased 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 in the last quarter. Finally, Royal Bank of Canada raised its stake in Docebo by 467.1% during the 1st quarter. Royal Bank of Canada now owns 158,340 shares of the company’s stock worth $4,546,000 after buying an additional 130,419 shares during the period. Institutional investors own 53.17% of the company’s stock.

Docebo Trading Down 0.8%

NASDAQ DCBO opened at $19.72 on Friday. The firm has a market capitalization of $566.67 million, a PE ratio of 26.64 and a beta of 1.45. The business’s 50-day moving average price is $21.75 and its two-hundred day moving average price is $26.55. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.05. Docebo has a 12 month low of $19.51 and a 12 month high of $43.94.

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.