Zacks Research Upgrades Docebo (NASDAQ:DCBO) to Hold

Docebo (NASDAQ:DCBO) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Other research analysts also recently issued reports about the stock. National Bank Financial increased their target price on shares of Docebo from $22.00 to $24.00 and gave the company a “sector perform” rating in a research report on Monday, August 10th. Needham & Company LLC reissued a “buy” rating and issued a $31.00 price target on shares of Docebo in a research report on Friday, July 17th. Weiss Ratings raised shares of Docebo from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. ATB Cormark Capital Markets decreased their price objective on shares of Docebo from $36.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday, July 20th. Finally, Wall Street Zen raised Docebo from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $31.23.

Docebo Price Performance

DCBO stock opened at $23.49 on Wednesday. The business has a 50 day moving average price of $19.61 and a 200 day moving average price of $18.64. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.03. The stock has a market cap of $584.67 million, a price-to-earnings ratio of 20.61 and a beta of 1.24. Docebo has a fifty-two week low of $14.39 and a fifty-two week high of $31.96.

Docebo (NASDAQ:DCBO) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.27 by $0.08. Docebo had a net margin of 12.98% and a return on equity of 120.29%. The company had revenue of $63.80 million for the quarter, compared to analyst estimates of $67.14 million. Equities research analysts anticipate that Docebo will post 1.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Docebo

A number of hedge funds have recently modified their holdings of the business. Northwest & Ethical Investments L.P. purchased a new stake in Docebo in the 4th quarter valued at $27,000. Allworth Financial LP acquired a new stake in Docebo during the 2nd quarter worth $52,000. NewEdge Advisors LLC grew its position in Docebo by 1,101.5% during the 1st quarter. NewEdge Advisors LLC now owns 3,977 shares of the company’s stock worth $69,000 after purchasing an additional 3,646 shares during the last quarter. State of Wyoming purchased a new position in Docebo during the 4th quarter worth $72,000. Finally, Deutsche Bank AG increased its stake in Docebo by 33.2% in the fourth quarter. Deutsche Bank AG now owns 3,533 shares of the company’s stock valued at $78,000 after purchasing an additional 881 shares during the period. 53.17% of the stock is currently owned by hedge funds and other institutional investors.

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.