Docebo’s (DCBO) “Buy” Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Docebo (NASDAQ:DCBO) in a report released on Wednesday,Benzinga reports. Needham & Company LLC currently has a $31.00 target price on the stock.

A number of other research firms also recently commented on DCBO. Stifel Nicolaus reduced their target price on Docebo from $34.00 to $28.00 and set a “buy” rating on the stock in a research report on Monday, March 2nd. TD Securities upgraded Docebo to a “strong-buy” rating in a research report on Thursday, January 15th. Wall Street Zen upgraded Docebo from a “buy” rating to a “strong-buy” rating in a research report on Sunday, March 8th. Oppenheimer restated an “outperform” rating and issued a $25.00 target price on shares of Docebo in a research report on Thursday, January 29th. Finally, UBS Group restated a “buy” rating on shares of Docebo in a research report on Monday, March 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Docebo has an average rating of “Moderate Buy” and a consensus price target of $30.92.

Docebo Stock Performance

Shares of Docebo stock opened at $19.17 on Wednesday. Docebo has a one year low of $14.39 and a one year high of $33.70. The company has a market cap of $492.67 million, a price-to-earnings ratio of 15.09 and a beta of 1.40. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.22 and a current ratio of 1.22. The business’s 50 day moving average price is $17.89 and its 200 day moving average price is $20.88.

Institutional Investors Weigh In On Docebo

Several institutional investors and hedge funds have recently modified their holdings of DCBO. Topline Capital Management LLC raised its holdings in shares of Docebo by 484.9% in the 3rd quarter. Topline Capital Management LLC now owns 323,219 shares of the company’s stock valued at $8,834,000 after buying an additional 267,962 shares during the period. Wellington Management Group LLP raised its holdings in shares of 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 during the period. Royal Bank of Canada raised its holdings in shares of Docebo by 467.1% in the 1st quarter. Royal Bank of Canada now owns 158,340 shares of the company’s stock valued at $4,546,000 after buying an additional 130,419 shares during the period. Millennium Management LLC raised its holdings in shares of 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 buying an additional 123,473 shares during the period. Finally, Two Sigma Investments LP raised its holdings in shares of Docebo by 211.3% in the 3rd quarter. Two Sigma Investments LP now owns 160,772 shares of the company’s stock valued at $4,394,000 after buying an additional 109,128 shares during the period. Hedge funds and other 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.