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

Cantor Fitzgerald restated their overweight rating on shares of Docebo (NASDAQ:DCBO) in a research report report published on Wednesday, Marketbeat reports. The brokerage currently has a $35.00 price objective on the stock.

Several other equities research analysts have also issued reports on the company. Atb Cap Markets raised Docebo from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 10th. Zacks Research lowered Docebo from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. CIBC decreased their price objective on shares of Docebo from $37.00 to $36.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. Morgan Stanley dropped their target price on shares of Docebo from $34.00 to $28.00 and set an “equal weight” rating for the company in a research report on Monday, November 10th. Finally, ATB Capital raised shares of Docebo to an “outperform” rating in a research note on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Docebo has an average rating of “Moderate Buy” and a consensus price target of $36.20.

Docebo Stock Up 0.9%

Shares of NASDAQ:DCBO opened at $22.20 on Wednesday. The firm has a fifty day moving average price of $23.09 and a two-hundred day moving average price of $27.14. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.13 and a quick ratio of 1.13. Docebo has a one year low of $20.20 and a one year high of $46.40. The company has a market cap of $638.03 million, a price-to-earnings ratio of 30.00 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. Long Path Partners LP boosted its position in Docebo by 30.5% during the second quarter. Long Path Partners LP now owns 1,176,750 shares of the company’s stock valued at $34,055,000 after buying an additional 275,176 shares during the period. Cubist Systematic Strategies LLC increased its holdings in shares of Docebo by 84.4% in the first quarter. Cubist Systematic Strategies LLC now owns 32,105 shares of the company’s stock worth $922,000 after buying an additional 14,697 shares during the period. Acadian Asset Management LLC lifted its stake in shares of Docebo by 74.6% in the 1st quarter. Acadian Asset Management LLC now owns 217,825 shares of the company’s stock valued at $6,246,000 after acquiring an additional 93,090 shares during the last quarter. Warburg Pincus LLC boosted its holdings in Docebo by 11.1% during the 1st quarter. Warburg Pincus LLC now owns 3,630,715 shares of the company’s stock valued at $104,238,000 after acquiring an additional 362,840 shares during the period. Finally, Nicola Wealth Management LTD. purchased a new stake in Docebo during the 1st quarter valued at about $3,424,000. 53.17% of the stock is currently owned by institutional investors.

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.