Docebo’s (DCBO) “Overweight” Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their overweight rating on shares of Docebo (NASDAQ:DCBO) in a research report released on Wednesday morning,Benzinga reports. They currently have a $28.00 price objective on the stock.

Other equities analysts also recently issued reports about the company. Scotiabank lowered their price objective on Docebo from $32.00 to $25.00 and set an “outperform” rating for the company in a research report on Monday, March 2nd. Needham & Company LLC reissued a “buy” rating and set a $31.00 price objective on shares of Docebo in a research report on Wednesday. Stifel Nicolaus lowered their price objective on Docebo from $34.00 to $28.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. Morgan Stanley lowered their price objective on Docebo from $28.00 to $26.00 and set an “equal weight” rating for the company in a research report on Monday, March 2nd. Finally, TD Securities raised Docebo to a “strong-buy” rating in a research report on Thursday, January 15th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $30.92.

Docebo Stock Performance

Shares of Docebo stock opened at $18.24 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 $468.77 million, a PE ratio of 14.36 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 has a 50-day simple moving average of $17.86 and a 200-day simple moving average of $20.80.

Hedge Funds Weigh In On Docebo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership boosted its holdings in Docebo by 0.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 554,383 shares of the company’s stock valued at $15,132,000 after purchasing an additional 2,112 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in Docebo by 3.8% in the second quarter. CIBC Asset Management Inc now owns 445,517 shares of the company’s stock valued at $12,915,000 after purchasing an additional 16,432 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Docebo by 1.2% in the fourth quarter. Wellington Management Group LLP now owns 437,595 shares of the company’s stock valued at $9,715,000 after purchasing an additional 5,169 shares in the last quarter. Topline Capital Management LLC boosted its holdings in Docebo by 484.9% in the third quarter. Topline Capital Management LLC now owns 323,219 shares of the company’s stock valued at $8,834,000 after purchasing an additional 267,962 shares in the last quarter. Finally, FIL Ltd boosted its holdings in Docebo by 16.1% in the fourth quarter. FIL Ltd now owns 255,518 shares of the company’s stock valued at $5,676,000 after purchasing an additional 35,445 shares in the last quarter. 53.17% of the stock is owned by institutional investors and hedge funds.

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.