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

Shares of Docebo Inc. (NASDAQ:DCBO) have been assigned an average rating of “Moderate Buy” from the sixteen brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $30.9167.

A number of research analysts have recently commented on the stock. Stifel Nicolaus dropped their target price on shares of Docebo from $34.00 to $28.00 and set a “buy” rating for the company in a report on Monday, March 2nd. Needham & Company LLC decreased their price target on shares of Docebo from $38.00 to $31.00 and set a “buy” rating on the stock in a report on Friday, February 27th. National Bank Financial lowered their price objective on shares of Docebo from $31.00 to $24.00 and set a “sector perform” rating for the company in a research report on Thursday, January 22nd. Cantor Fitzgerald dropped their price objective on shares of Docebo from $35.00 to $28.00 and set an “overweight” rating for the company in a research note on Wednesday, January 21st. Finally, Wall Street Zen upgraded shares of Docebo from a “buy” rating to a “strong-buy” rating in a research report on Sunday.

Docebo Stock Performance

NASDAQ:DCBO opened at $19.44 on Monday. The stock’s 50-day simple moving average is $19.45 and its 200 day simple moving average is $23.62. The firm has a market capitalization of $559.06 million, a PE ratio of 15.31 and a beta of 1.44. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.03. Docebo has a twelve month low of $16.07 and a twelve month high of $33.70.

Institutional Investors Weigh In On Docebo

A number of hedge funds and other institutional investors have recently bought and sold shares of DCBO. Northwest & Ethical Investments L.P. bought a new position in Docebo during the 4th quarter worth approximately $27,000. Employees Retirement System of Texas bought a new stake in shares of Docebo in the 2nd quarter valued at $44,000. State of Wyoming acquired a new stake in shares of Docebo during the fourth quarter worth $72,000. Deutsche Bank AG increased its position in shares of Docebo by 33.2% during the fourth quarter. Deutsche Bank AG now owns 3,533 shares of the company’s stock worth $78,000 after buying an additional 881 shares during the period. Finally, TD Waterhouse Canada Inc. raised its stake in Docebo by 39.5% during the third quarter. TD Waterhouse Canada Inc. now owns 6,380 shares of the company’s stock worth $172,000 after buying an additional 1,805 shares during the last quarter. Institutional investors own 53.17% of the company’s stock.

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.