TD Securities Upgrades Docebo (NASDAQ:DCBO) to “Strong-Buy”

Docebo (NASDAQ:DCBO) was upgraded by research analysts at TD Securities to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Other research analysts have also issued research reports about the stock. TD Cowen restated a “buy” rating and set a $37.00 price target on shares of Docebo in a report on Friday, October 3rd. Oppenheimer assumed coverage on shares of Docebo in a report on Wednesday, November 5th. They issued an “outperform” rating and a $35.00 target price on the stock. Zacks Research downgraded Docebo from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. CIBC dropped their price objective on Docebo from $37.00 to $36.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. Finally, Morgan Stanley decreased their target price on Docebo from $34.00 to $28.00 and set an “equal weight” rating for the company in a research note on Monday, November 10th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.20.

Docebo Stock Down 0.8%

Shares of DCBO opened at $19.72 on Thursday. The stock’s 50-day moving average price is $21.75 and its two-hundred day moving average price is $26.56. Docebo has a 12 month low of $19.51 and a 12 month high of $43.94. The company has a market capitalization of $566.67 million, a PE ratio of 26.64 and a beta of 1.45. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.05.

Hedge Funds Weigh In On Docebo

A number of institutional investors have recently modified their holdings of DCBO. Employees Retirement System of Texas purchased a new position in Docebo during the 2nd quarter worth $44,000. TD Waterhouse Canada Inc. lifted its position in shares of Docebo by 39.5% during the third quarter. TD Waterhouse Canada Inc. now owns 6,380 shares of the company’s stock valued at $172,000 after purchasing an additional 1,805 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings 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 purchasing an additional 2,248 shares during the last quarter. Centiva Capital LP bought a new stake in Docebo in the 3rd quarter worth about $204,000. Finally, Boothbay Fund Management LLC bought a new stake in Docebo in the 3rd quarter worth about $291,000. 53.17% of the stock is owned by institutional investors and hedge funds.

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.