Docebo’s (DCBO) Buy Rating Reiterated at Needham & Company LLC

Docebo (NASDAQ:DCBO)‘s stock had its “buy” rating reiterated by equities research analysts at Needham & Company LLC in a research report issued on Thursday,Benzinga reports. They currently have a $38.00 target price on the stock. Needham & Company LLC’s price target would indicate a potential upside of 92.00% from the stock’s previous close.

DCBO has been the topic of several other reports. ATB Capital upgraded Docebo to an “outperform” rating in a report on Wednesday, December 10th. Atb Cap Markets upgraded Docebo from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 10th. CIBC dropped their price target on Docebo from $37.00 to $36.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. National Bankshares reduced their price objective on Docebo from $31.00 to $24.00 and set a “sector perform” rating for the company in a research note on Thursday, January 22nd. Finally, Weiss Ratings lowered Docebo from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, December 31st. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Docebo presently has an average rating of “Moderate Buy” and an average price target of $34.80.

Docebo Price Performance

Shares of NASDAQ DCBO traded up $1.27 during trading on Thursday, hitting $19.79. The company had a trading volume of 342,606 shares, compared to its average volume of 104,328. The firm has a market capitalization of $569.02 million, a price-to-earnings ratio of 26.62 and a beta of 1.45. The stock has a fifty day simple moving average of $21.18 and a two-hundred day simple moving average of $25.97. 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 fifty-two week low of $18.11 and a fifty-two week high of $43.84.

Institutional Trading of Docebo

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada boosted its position in shares of Docebo by 467.1% during the 1st quarter. Royal Bank of Canada now owns 158,340 shares of the company’s stock valued at $4,546,000 after acquiring an additional 130,419 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Docebo by 7.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 11,444 shares of the company’s stock valued at $331,000 after purchasing an additional 783 shares during the last quarter. Louisbourg Investments Inc. grew its stake in shares of Docebo by 45.6% in the 2nd quarter. Louisbourg Investments Inc. now owns 111,672 shares of the company’s stock valued at $3,231,000 after buying an additional 35,000 shares during the period. Bank of Montreal Can grew its stake in shares of Docebo by 21.6% in the 2nd quarter. Bank of Montreal Can now owns 399,152 shares of the company’s stock valued at $11,577,000 after buying an additional 70,827 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Docebo by 29.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 11,294 shares of the company’s stock worth $327,000 after buying an additional 2,546 shares during the last quarter. 53.17% of the stock is owned by institutional investors and hedge funds.

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.