Docebo (NASDAQ:DCBO) Earns Buy Rating from Analysts at TD Securities

TD Securities started coverage on shares of Docebo (NASDAQ:DCBO) in a research note published on Friday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $37.00 price objective on the stock.

Other research analysts have also recently issued reports about the company. Zacks Research raised Docebo to a “hold” rating in a research report on Friday, August 8th. Wall Street Zen raised Docebo from a “hold” rating to a “buy” rating in a report on Saturday, August 16th. Finally, Cantor Fitzgerald began coverage on shares of Docebo in a research note on Monday, June 9th. They issued an “overweight” rating and a $35.00 price target on the stock. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Docebo has a consensus rating of “Moderate Buy” and a consensus price target of $41.67.

Docebo Stock Performance

NASDAQ:DCBO opened at $27.44 on Friday. Docebo has a 12 month low of $25.50 and a 12 month high of $53.86. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market capitalization of $788.35 million, a PE ratio of 39.77 and a beta of 1.45. The business’s fifty day moving average price is $30.22 and its 200 day moving average price is $29.27.

Hedge Funds Weigh In On Docebo

Hedge funds and other institutional investors have recently bought and sold shares of the company. Louisbourg Investments Inc. raised its position in Docebo by 110.3% during the first quarter. Louisbourg Investments Inc. now owns 76,672 shares of the company’s stock worth $2,207,000 after acquiring an additional 40,207 shares during the last quarter. Intact Investment Management Inc. grew its position in Docebo by 45.3% during the first quarter. Intact Investment Management Inc. now owns 102,600 shares of the company’s stock valued at $2,951,000 after acquiring an additional 32,000 shares during the period. Rice Hall James & Associates LLC raised its stake in shares of Docebo by 30.6% in the 1st quarter. Rice Hall James & Associates LLC now owns 143,949 shares of the company’s stock valued at $4,133,000 after acquiring an additional 33,759 shares during the period. Y Intercept Hong Kong Ltd lifted its holdings in shares of Docebo by 83.4% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 14,272 shares of the company’s stock valued at $410,000 after acquiring an additional 6,489 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its position in shares of Docebo by 18.2% in the first quarter. Mackenzie Financial Corp now owns 381,156 shares of the company’s stock worth $10,962,000 after buying an additional 58,702 shares during the period. 53.17% of the stock is owned by institutional investors and hedge funds.

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.