Docebo (NASDAQ:DCBO) Upgraded at TD Securities

TD Securities upgraded shares of Docebo (NASDAQ:DCBO) to a strong-buy rating in a report released on Thursday,Zacks.com reports.

Other research analysts have also recently issued research reports about the stock. National Bankshares lowered their price target on shares of Docebo from $35.00 to $31.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 23rd. Morgan Stanley decreased their target price on shares of Docebo from $34.00 to $28.00 and set an “equal weight” rating on the stock in a report on Monday, November 10th. Atb Cap Markets upgraded shares of Docebo from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 10th. ATB Capital raised shares of Docebo to an “outperform” rating in a research report on Wednesday, December 10th. Finally, CIBC lowered their price objective on Docebo from $37.00 to $36.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $36.20.

Docebo Stock Performance

NASDAQ DCBO opened at $19.72 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.13 and a current ratio of 1.13. The stock’s fifty day moving average is $21.75 and its two-hundred day moving average is $26.55. The firm has a market capitalization of $566.67 million, a P/E ratio of 26.64 and a beta of 1.45. Docebo has a fifty-two week low of $19.51 and a fifty-two week high of $43.94.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Long Path Partners LP grew its stake in shares of Docebo by 30.5% in the second quarter. Long Path Partners LP now owns 1,176,750 shares of the company’s stock valued at $34,055,000 after buying an additional 275,176 shares in the last quarter. Topline Capital Management LLC boosted 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 acquiring an additional 267,962 shares during the period. Beutel Goodman & Co Ltd. acquired a new position in Docebo in the 2nd quarter valued at about $7,189,000. Wellington Management Group LLP grew 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 acquiring an additional 134,437 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in Docebo by 467.1% during the first quarter. Royal Bank of Canada now owns 158,340 shares of the company’s stock worth $4,546,000 after purchasing an additional 130,419 shares during the period. 53.17% of the stock is currently owned by hedge funds and other institutional investors.

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.