Docebo (NASDAQ:DCBO) Rating Increased to Strong-Buy at Wall Street Zen

Docebo (NASDAQ:DCBO) was upgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Sunday.

DCBO has been the topic of several other research reports. ATB Cormark Capital Markets raised shares of Docebo to an “outperform” rating in a research note on Wednesday, December 10th. Morgan Stanley lowered their target price on shares of Docebo from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Monday, March 2nd. Canaccord Genuity Group cut their target price on shares of Docebo from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. UBS Group reissued a “buy” rating on shares of Docebo in a research report on Monday, March 2nd. Finally, Needham & Company LLC decreased their price target on shares of Docebo from $38.00 to $31.00 and set a “buy” rating for the company in a report on Friday, February 27th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $30.92.

Docebo Trading Up 2.2%

NASDAQ:DCBO opened at $19.44 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.03. Docebo has a 1-year low of $16.07 and a 1-year high of $33.70. The firm has a market capitalization of $559.09 million, a price-to-earnings ratio of 15.31 and a beta of 1.44. The business’s 50-day moving average price is $19.45 and its two-hundred day moving average price is $23.66.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd boosted its holdings in shares of Docebo by 46.4% in the fourth quarter. XTX Topco Ltd now owns 18,067 shares of the company’s stock valued at $401,000 after buying an additional 5,725 shares during the period. Wellington Management Group LLP raised its holdings in shares of Docebo by 1.2% during the fourth quarter. Wellington Management Group LLP now owns 437,595 shares of the company’s stock worth $9,715,000 after acquiring an additional 5,169 shares during the period. Millennium Management LLC lifted its position in Docebo by 137.2% in the 4th quarter. Millennium Management LLC now owns 213,444 shares of the company’s stock valued at $4,741,000 after acquiring an additional 123,473 shares in the last quarter. Boothbay Fund Management LLC lifted its position in Docebo by 37.1% in the 4th quarter. Boothbay Fund Management LLC now owns 14,583 shares of the company’s stock valued at $324,000 after acquiring an additional 3,947 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. acquired a new position in Docebo in the 4th quarter worth $27,000. Institutional investors own 53.17% of the company’s stock.

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.