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

Docebo Inc. (NASDAQ:DCBO) has been given an average rating of “Moderate Buy” by the fourteen brokerages that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $34.80.

A number of analysts recently issued reports on DCBO shares. Atb Cap Markets raised Docebo from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 10th. TD Securities raised Docebo to a “strong-buy” rating in a research note on Thursday, January 15th. Cantor Fitzgerald lowered their price target on Docebo from $35.00 to $28.00 and set an “overweight” rating for the company in a research note on Wednesday. Wall Street Zen downgraded Docebo from a “buy” rating to a “hold” rating in a report on Sunday, January 18th. Finally, ATB Capital raised shares of Docebo to an “outperform” rating in a research report on Wednesday, December 10th.

Docebo Trading Up 0.7%

Shares of NASDAQ:DCBO opened at $18.39 on Friday. The firm has a fifty day moving average of $21.38 and a two-hundred day moving average of $26.28. 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 12-month low of $18.15 and a 12-month high of $43.94. The firm has a market capitalization of $528.71 million, a P/E ratio of 24.85 and a beta of 1.45.

Institutional Investors Weigh In On Docebo

Institutional investors and hedge funds have recently modified their holdings of the business. Long Path Partners LP increased its position in shares of Docebo by 30.5% during the 2nd quarter. Long Path Partners LP now owns 1,176,750 shares of the company’s stock worth $34,055,000 after purchasing an additional 275,176 shares in the last quarter. Quadrature Capital Ltd grew its stake in Docebo by 84.6% during the second quarter. Quadrature Capital Ltd now owns 86,200 shares of the company’s stock worth $2,487,000 after buying an additional 39,500 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Docebo by 21.6% during the second quarter. Bank of Montreal Can now owns 399,152 shares of the company’s stock worth $11,577,000 after buying an additional 70,827 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Docebo by 7.3% during the second quarter. Public Employees Retirement System of Ohio now owns 11,444 shares of the company’s stock worth $331,000 after buying an additional 783 shares in the last quarter. Finally, Louisbourg Investments Inc. raised its stake in shares of Docebo by 45.6% in the second quarter. Louisbourg Investments Inc. now owns 111,672 shares of the company’s stock valued at $3,231,000 after acquiring an additional 35,000 shares during the last quarter. Institutional investors and hedge funds own 53.17% of the company’s stock.

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.