Docebo (NASDAQ:DCBO) Earns Buy Rating from Needham & Company LLC

Docebo (NASDAQ:DCBO)‘s stock had its “buy” rating reaffirmed by stock analysts at Needham & Company LLC in a research note issued on Thursday,Benzinga reports. They currently have a $38.00 price target on the stock. Needham & Company LLC’s price target would indicate a potential upside of 93.29% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. CIBC reduced their price objective on shares of Docebo from $37.00 to $36.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Oppenheimer began coverage on shares of Docebo in a report on Wednesday, November 5th. They set an “outperform” rating and a $35.00 target price for the company. TD Securities raised Docebo to a “strong-buy” rating in a report on Thursday, January 15th. TD Cowen reiterated a “buy” rating and set a $37.00 price objective on shares of Docebo in a research report on Friday, October 3rd. Finally, Cantor Fitzgerald decreased their target price on Docebo from $35.00 to $28.00 and set an “overweight” rating on the stock in a report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Docebo presently has an average rating of “Moderate Buy” and an average target price of $33.00.

Docebo Trading Up 0.2%

Shares of Docebo stock opened at $19.66 on Thursday. The business has a fifty day simple moving average of $21.14 and a 200-day simple moving average of $25.86. Docebo has a fifty-two week low of $18.11 and a fifty-two week high of $43.40. The firm has a market cap of $565.17 million, a price-to-earnings ratio of 26.57 and a beta of 1.45. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.05.

Institutional Trading of Docebo

A number of hedge funds have recently modified their holdings of DCBO. Public Employees Retirement System of Ohio grew its holdings in shares of Docebo by 7.3% during the second 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 in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Docebo by 0.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 552,271 shares of the company’s stock worth $16,006,000 after acquiring an additional 1,381 shares during the period. Employees Retirement System of Texas purchased a new position in Docebo during the 2nd quarter valued at about $44,000. TD Waterhouse Canada Inc. grew its stake in Docebo by 39.5% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 6,380 shares of the company’s stock valued at $172,000 after acquiring an additional 1,805 shares in the last quarter. Finally, National Bank of Canada FI increased its holdings in shares of Docebo by 7.9% in the 3rd quarter. National Bank of Canada FI now owns 24,937 shares of the company’s stock valued at $675,000 after purchasing an additional 1,831 shares during the period. Hedge funds and other institutional investors own 53.17% of the company’s stock.

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.