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

Shares of Docebo Inc. (NASDAQ:DCBO) have received an average rating of “Moderate Buy” from the sixteen ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, ten have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $30.9167.

A number of research firms have weighed in on DCBO. Cantor Fitzgerald restated an “overweight” rating and set a $28.00 price objective on shares of Docebo in a research note on Wednesday, April 22nd. UBS Group restated a “buy” rating on shares of Docebo in a research note on Monday, March 2nd. Oppenheimer restated an “outperform” rating and set a $25.00 price objective on shares of Docebo in a research note on Thursday, January 29th. Morgan Stanley reduced their price objective on shares of Docebo from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Monday, March 2nd. Finally, Zacks Research upgraded shares of Docebo from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th.

Institutional Trading of Docebo

Large investors have recently made changes to their positions in the stock. Topline Capital Management LLC grew its stake in shares of Docebo by 484.9% in the third quarter. Topline Capital Management LLC now owns 323,219 shares of the company’s stock worth $8,834,000 after acquiring an additional 267,962 shares during the period. Envestnet Asset Management Inc. bought a new stake in shares of Docebo in the third quarter worth approximately $823,000. Essex Investment Management Co. LLC grew its stake in shares of Docebo by 48.3% in the third quarter. Essex Investment Management Co. LLC now owns 103,346 shares of the company’s stock worth $2,824,000 after acquiring an additional 33,651 shares during the period. Renaissance Group LLC bought a new stake in shares of Docebo in the third quarter worth approximately $1,071,000. Finally, Claret Asset Management Corp bought a new stake in shares of Docebo in the third quarter worth approximately $957,000. 53.17% of the stock is currently owned by institutional investors.

Docebo Stock Up 1.2%

NASDAQ:DCBO opened at $17.40 on Friday. The firm has a market cap of $441.96 million, a P/E ratio of 15.00 and a beta of 1.31. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.85 and a current ratio of 0.85. Docebo has a fifty-two week low of $14.39 and a fifty-two week high of $33.42. The firm has a 50-day simple moving average of $17.95 and a two-hundred day simple moving average of $19.69.

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.