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

Docebo Inc. (NASDAQ:DCBO) has received a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $33.6364.

DCBO has been the subject of several recent research reports. Oppenheimer restated an “outperform” rating and issued a $25.00 price target on shares of Docebo in a report on Thursday, January 29th. Scotiabank dropped their target price on Docebo from $35.00 to $32.00 and set a “sector outperform” rating on the stock in a research report on Friday, January 30th. Morgan Stanley cut their price target on Docebo from $34.00 to $28.00 and set an “equal weight” rating on the stock in a report on Monday, November 10th. TD Securities raised Docebo to a “strong-buy” rating in a research report on Thursday, January 15th. Finally, Canaccord Genuity Group cut their target price on Docebo from $46.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, February 2nd.

Hedge Funds Weigh In On Docebo

Large investors have recently made changes to their positions in the business. Employees Retirement System of Texas acquired a new stake in shares of Docebo in the 2nd quarter worth $44,000. State of Wyoming purchased a new stake in shares of Docebo during the fourth quarter worth about $72,000. Deutsche Bank AG increased its holdings in shares of Docebo by 33.2% during the fourth quarter. Deutsche Bank AG now owns 3,533 shares of the company’s stock valued at $78,000 after acquiring an additional 881 shares in the last quarter. TD Waterhouse Canada Inc. boosted its stake in Docebo by 39.5% in the 3rd 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 in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Docebo by 46.7% during the 3rd 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. 53.17% of the stock is owned by institutional investors and hedge funds.

Docebo Price Performance

Shares of DCBO stock opened at $18.85 on Thursday. Docebo has a twelve month low of $18.11 and a twelve month high of $43.40. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.05. The stock has a fifty day simple moving average of $20.84 and a two-hundred day simple moving average of $25.20. The stock has a market capitalization of $541.88 million, a price-to-earnings ratio of 25.47 and a beta of 1.40.

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.