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

Shares of Docebo Inc. (NASDAQ:DCBO) have received a consensus rating of “Moderate Buy” from the twelve brokerages that are covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $41.6667.

A number of equities research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Docebo from a “hold” rating to a “buy” rating in a report on Saturday, August 16th. Zacks Research upgraded Docebo from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. TD Cowen reissued a “buy” rating and issued a $37.00 price objective on shares of Docebo in a research report on Friday, October 3rd. TD Securities assumed coverage on Docebo in a research report on Friday, October 3rd. They issued a “buy” rating and a $37.00 price objective for the company. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Docebo in a research report on Wednesday.

Docebo Price Performance

NASDAQ DCBO opened at $27.45 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.01. The company has a fifty day simple moving average of $29.98 and a 200 day simple moving average of $29.20. The company has a market cap of $788.64 million, a P/E ratio of 39.78 and a beta of 1.45. Docebo has a 1 year low of $25.50 and a 1 year high of $53.86.

Institutional Investors Weigh In On Docebo

Several hedge funds have recently made changes to their positions in the stock. Topline Capital Management LLC bought a new stake in shares of Docebo in the second quarter valued at about $1,599,000. Man Group plc lifted its position in shares of Docebo by 118.8% in the 2nd quarter. Man Group plc now owns 131,699 shares of the company’s stock worth $3,810,000 after acquiring an additional 71,499 shares during the period. Lazard Asset Management LLC lifted its position in shares of Docebo by 15.8% in the 2nd quarter. Lazard Asset Management LLC now owns 71,650 shares of the company’s stock worth $2,073,000 after acquiring an additional 9,759 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Docebo by 10.9% in the 2nd quarter. BNP Paribas Financial Markets now owns 26,560 shares of the company’s stock worth $769,000 after acquiring an additional 2,607 shares during the period. Finally, Balyasny Asset Management L.P. lifted its position in Docebo by 55.8% in the second quarter. Balyasny Asset Management L.P. now owns 14,034 shares of the company’s stock worth $406,000 after purchasing an additional 5,029 shares during the period. Institutional investors own 53.17% of the company’s stock.

Docebo Company Profile

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.