Docebo (NASDAQ:DCBO) Stock Rating Upgraded by Wall Street Zen

Docebo (NASDAQ:DCBO) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday.

Several other research analysts have also weighed in on DCBO. TD Securities upgraded shares of Docebo to a “strong-buy” rating in a research report on Thursday, January 15th. Oppenheimer assumed coverage on shares of Docebo in a research note on Wednesday, November 5th. They issued an “outperform” rating and a $35.00 target price for the company. Weiss Ratings downgraded Docebo from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, December 31st. National Bankshares decreased their price target on Docebo from $31.00 to $24.00 and set a “sector perform” rating on the stock in a research note on Thursday. Finally, TD Cowen reaffirmed a “buy” rating and set a $37.00 price objective on shares of Docebo in a research note on Friday, October 3rd. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Docebo currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.80.

Docebo Price Performance

Shares of DCBO opened at $18.60 on Monday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.05. The stock’s 50 day moving average is $21.31 and its two-hundred day moving average is $26.16. Docebo has a twelve month low of $18.11 and a twelve month high of $43.94. The firm has a market capitalization of $534.75 million, a PE ratio of 25.14 and a beta of 1.45.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada increased its holdings 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 purchasing an additional 130,419 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Docebo by 7.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 11,444 shares of the company’s stock valued at $331,000 after buying an additional 783 shares during the last quarter. Louisbourg Investments Inc. raised its stake in shares of Docebo by 45.6% in the 2nd quarter. Louisbourg Investments Inc. now owns 111,672 shares of the company’s stock valued at $3,231,000 after purchasing an additional 35,000 shares in the last quarter. Bank of Montreal Can grew its position in shares of Docebo by 21.6% in the 2nd quarter. Bank of Montreal Can now owns 399,152 shares of the company’s stock worth $11,577,000 after acquiring an additional 70,827 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Docebo by 29.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 11,294 shares of the company’s stock valued at $327,000 after acquiring an additional 2,546 shares during the last quarter. 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.