Docebo (NASDAQ:DCBO) Upgraded by TD Securities to “Strong-Buy” Rating

Docebo (NASDAQ:DCBO) was upgraded by equities research analysts at TD Securities to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on the company. Morgan Stanley decreased their target price on Docebo from $34.00 to $28.00 and set an “equal weight” rating for the company in a research note on Monday, November 10th. Oppenheimer began coverage on shares of Docebo in a report on Wednesday, November 5th. They issued an “outperform” rating and a $35.00 target price for the company. National Bankshares cut their price target on shares of Docebo from $35.00 to $31.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 23rd. Cantor Fitzgerald restated an “overweight” rating and issued a $35.00 price objective on shares of Docebo in a research note on Wednesday, December 24th. Finally, Zacks Research cut Docebo from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Docebo presently has an average rating of “Moderate Buy” and an average price target of $36.20.

Docebo Trading Down 0.8%

NASDAQ DCBO opened at $19.72 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.05. Docebo has a 52 week low of $19.51 and a 52 week high of $43.94. The stock has a market capitalization of $566.67 million, a PE ratio of 26.64 and a beta of 1.45. The firm has a 50 day moving average of $21.75 and a two-hundred day moving average of $26.56.

Institutional Investors Weigh In On Docebo

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Long Path Partners LP grew its holdings in shares of Docebo by 30.5% during the second quarter. Long Path Partners LP now owns 1,176,750 shares of the company’s stock worth $34,055,000 after buying an additional 275,176 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Docebo by 0.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 554,383 shares of the company’s stock worth $15,132,000 after acquiring an additional 2,112 shares during the period. CIBC Asset Management Inc grew its stake in shares of Docebo by 3.8% in the 2nd quarter. CIBC Asset Management Inc now owns 445,517 shares of the company’s stock valued at $12,915,000 after purchasing an additional 16,432 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Docebo by 45.1% in the 3rd quarter. Wellington Management Group LLP now owns 432,426 shares of the company’s stock valued at $11,818,000 after purchasing an additional 134,437 shares during the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of Docebo by 21.6% in the second quarter. Bank of Montreal Can now owns 399,152 shares of the company’s stock valued at $11,577,000 after purchasing an additional 70,827 shares during the period. 53.17% of the stock is owned by hedge funds and other institutional investors.

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.