Zacks Investment Research Upgrades Docebo (NASDAQ:DCBO) to Hold

Docebo (NASDAQ:DCBO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday, Zacks.com reports.

According to Zacks, “Docebo Inc. is a cloud-based enterprise learning solution with AI superpowers, and was designed to produce learning experiences to train customers, partners and employees. Docebo Inc. is based in Toronto, Canada. “

Several other analysts have also issued reports on the company. Berenberg Bank reaffirmed a “buy” rating on shares of Docebo in a research note on Monday, August 16th. National Bank Financial boosted their price objective on Docebo from $70.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, August 13th. TD Securities boosted their price objective on Docebo from C$100.00 to C$130.00 and gave the company a “buy” rating in a research report on Friday, September 24th. CIBC boosted their price objective on Docebo from C$95.00 to C$125.00 and gave the company an “outperform” rating in a research report on Friday, September 24th. Finally, National Bankshares boosted their price objective on Docebo from $70.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, August 13th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Docebo currently has a consensus rating of “Buy” and an average price target of $83.60.

Shares of NASDAQ DCBO traded up $3.94 during midday trading on Wednesday, hitting $75.58. 40,152 shares of the company’s stock were exchanged, compared to its average volume of 76,230. Docebo has a 12-month low of $37.21 and a 12-month high of $92.75. The company has a market cap of $2.47 billion and a price-to-earnings ratio of -290.69. The business’s fifty day moving average price is $78.29 and its two-hundred day moving average price is $62.48.

Docebo (NASDAQ:DCBO) last issued its quarterly earnings data on Thursday, August 12th. The company reported ($0.22) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.30). The firm had revenue of $25.63 million during the quarter, compared to the consensus estimate of $23.23 million. On average, equities research analysts forecast that Docebo will post -0.33 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Legal & General Group Plc grew its holdings in Docebo by 51.3% during the 2nd quarter. Legal & General Group Plc now owns 469 shares of the company’s stock valued at $28,000 after buying an additional 159 shares in the last quarter. Advisor Group Holdings Inc. purchased a new position in shares of Docebo in the 2nd quarter worth approximately $40,000. Toronto Dominion Bank boosted its holdings in shares of Docebo by 97.4% in the 1st quarter. Toronto Dominion Bank now owns 1,315 shares of the company’s stock worth $56,000 after purchasing an additional 649 shares during the period. Great West Life Assurance Co. Can boosted its holdings in shares of Docebo by 93.2% in the 2nd quarter. Great West Life Assurance Co. Can now owns 989 shares of the company’s stock worth $58,000 after purchasing an additional 477 shares during the period. Finally, Daiwa Securities Group Inc. purchased a new position in shares of Docebo in the 2nd quarter worth approximately $77,000. Institutional investors and hedge funds own 27.51% of the company’s stock.

Docebo Company Profile

Docebo Inc provides a cloud-based learning management system to train internal and external workforces, partners, and customers in North America, Europe, and the Asia-Pacific region. Its platform helps customers to centralize learning materials from peer enterprises and learners into one learning management system to expedite and enrich the learning process, increase productivity, and grow teams uniformly.

Read More: Put Option

Get a free copy of the Zacks research report on Docebo (DCBO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Docebo (NASDAQ:DCBO)

Receive News & Ratings for Docebo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Docebo and related companies with MarketBeat.com's FREE daily email newsletter.