Docebo (NASDAQ:DCBO) Rating Increased to Strong-Buy at Atb Cap Markets

Atb Cap Markets upgraded shares of Docebo (NASDAQ:DCBO) from a hold rating to a strong-buy rating in a research note published on Wednesday morning,Zacks.com reports.

Several other analysts have also recently weighed in on DCBO. Needham & Company LLC dropped their price target on Docebo from $42.00 to $38.00 and set a “buy” rating for the company in a report on Friday, November 7th. Oppenheimer started coverage on Docebo in a report on Wednesday, November 5th. They set an “outperform” rating and a $35.00 target price for the company. TD Cowen reissued a “buy” rating and issued a $37.00 target price on shares of Docebo in a research report on Friday, October 3rd. Morgan Stanley decreased their price target on shares of Docebo from $34.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Monday, November 10th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Docebo in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Docebo presently has an average rating of “Moderate Buy” and an average target price of $36.20.

Docebo Price Performance

Shares of Docebo stock opened at $22.32 on Wednesday. Docebo has a twelve month low of $20.20 and a twelve month high of $50.80. The firm has a market cap of $641.48 million, a P/E ratio of 30.16 and a beta of 1.45. The firm’s 50-day simple moving average is $24.26 and its 200-day simple moving average is $27.55. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.13 and a current ratio of 1.13.

Institutional Investors Weigh In On Docebo

Several institutional investors and hedge funds have recently added to or reduced their stakes in DCBO. Verition Fund Management LLC increased its stake in shares of Docebo by 71.4% in the 3rd quarter. Verition Fund Management LLC now owns 14,106 shares of the company’s stock valued at $386,000 after purchasing an additional 5,878 shares during the last quarter. National Bank of Canada FI boosted its stake in Docebo by 7.9% in the third quarter. National Bank of Canada FI now owns 24,937 shares of the company’s stock valued at $675,000 after buying an additional 1,831 shares in the last quarter. Centiva Capital LP bought a new position in Docebo in the third quarter valued at about $204,000. Boothbay Fund Management LLC acquired a new position in Docebo during the third quarter worth about $291,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised 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 acquiring an additional 2,248 shares in the last quarter. 53.17% of the stock is currently owned by institutional investors.

About Docebo

Docebo Inc operates as a learning management software company that provides artificial intelligence (AI)-powered learning platform in North America and internationally. It offers Learning Management System (LMS) to train internal and external workforces, partners, and customers. The company's cloud platform consists of a learning suite, which includes Docebo Learn LMS, a cloud-based learning platform that allows learning administrators to deliver personalized learning; Docebo Shape, an AI-based learning content creation tool, which enables learning administrators to turn internal and external resources into engaging, multilingual, and microlearning content to share across the business; Docebo Content that allows off-the-shelf learning content by partnering content specialist; Docebo Learning Impact, a learning measurement tool that enables administrators to prove and improve training programs; Docebo Learn Data, which gives a comprehensive view on learning data to business results; Docebo Connect that connects Docebo to custom tech stack and making integrations; and Docebo Flow that allows businesses to directly inject learning into the flow of work.