Docebo Inc. (NASDAQ:DCBO) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Docebo Inc. (NASDAQ:DCBO) have been given an average rating of “Moderate Buy” by the fourteen brokerages that are covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $36.20.

DCBO has been the topic of a number of research reports. Needham & Company LLC decreased their price objective on Docebo from $42.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Wall Street Zen downgraded shares of Docebo from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. TD Securities began coverage on shares of Docebo in a research note on Friday, October 3rd. They issued a “buy” rating and a $37.00 price objective for the company. ATB Capital raised shares of Docebo to an “outperform” rating in a report on Wednesday, December 10th. Finally, Zacks Research cut shares of Docebo from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th.

Hedge Funds Weigh In On Docebo

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DCBO. Employees Retirement System of Texas acquired a new stake in shares of Docebo during the 2nd quarter worth $44,000. TD Waterhouse Canada Inc. lifted its position in Docebo by 39.5% during the third quarter. TD Waterhouse Canada Inc. now owns 6,380 shares of the company’s stock worth $172,000 after purchasing an additional 1,805 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Docebo by 46.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,063 shares of the company’s stock worth $193,000 after buying an additional 2,248 shares in the last quarter. Centiva Capital LP acquired a new stake in Docebo during the third quarter worth about $204,000. Finally, Boothbay Fund Management LLC bought a new position in Docebo in the 3rd quarter valued at about $291,000. 53.17% of the stock is owned by institutional investors and hedge funds.

Docebo Trading Up 1.0%

Shares of NASDAQ:DCBO opened at $22.35 on Wednesday. Docebo has a 12-month low of $20.20 and a 12-month high of $45.82. The business has a 50 day moving average of $22.90 and a 200-day moving average of $27.07. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.05. The stock has a market cap of $642.34 million, a PE ratio of 30.20 and a beta of 1.45.

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.