Docebo (NASDAQ:DCBO) Upgraded to “Strong-Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Docebo (NASDAQ:DCBO) from a buy rating to a strong-buy rating in a research report report published on Sunday morning.

A number of other analysts have also weighed in on the stock. UBS Group restated a “buy” rating on shares of Docebo in a research report on Monday, March 2nd. Morgan Stanley dropped their price target on Docebo from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Monday, March 2nd. TD Securities raised Docebo to a “strong-buy” rating in a report on Thursday, January 15th. Stifel Nicolaus dropped their target price on Docebo from $34.00 to $28.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. Finally, Canaccord Genuity Group cut their price target on Docebo from $40.00 to $36.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Docebo has an average rating of “Moderate Buy” and an average target price of $30.92.

Docebo Trading Up 2.2%

DCBO opened at $19.44 on Friday. The company has a market cap of $559.06 million, a P/E ratio of 15.31 and a beta of 1.44. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.03. The company’s 50 day moving average is $19.45 and its 200-day moving average is $23.62. Docebo has a 1-year low of $16.07 and a 1-year high of $33.70.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. XTX Topco Ltd raised its position in shares of Docebo by 46.4% in the 4th quarter. XTX Topco Ltd now owns 18,067 shares of the company’s stock worth $401,000 after acquiring an additional 5,725 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Docebo by 1.2% during the 4th quarter. Wellington Management Group LLP now owns 437,595 shares of the company’s stock valued at $9,715,000 after purchasing an additional 5,169 shares in the last quarter. Millennium Management LLC grew its stake in Docebo by 137.2% during the fourth quarter. Millennium Management LLC now owns 213,444 shares of the company’s stock worth $4,741,000 after purchasing an additional 123,473 shares during the period. Boothbay Fund Management LLC grew its stake in Docebo by 37.1% during the fourth quarter. Boothbay Fund Management LLC now owns 14,583 shares of the company’s stock worth $324,000 after purchasing an additional 3,947 shares during the period. Finally, Northwest & Ethical Investments L.P. acquired a new position in Docebo in the fourth quarter valued at approximately $27,000. 53.17% of the stock is owned by 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.