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

Docebo Inc. (NASDAQ:DCBO) has earned an average recommendation of “Moderate Buy” from the sixteen analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have given a buy rating and three have issued a strong buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $30.9167.

A number of analysts have issued reports on the stock. Craig Hallum reiterated a “buy” rating and issued a $38.00 price target on shares of Docebo in a report on Monday, March 2nd. National Bank Financial reduced their target price on shares of Docebo from $31.00 to $24.00 and set a “sector perform” rating on the stock in a report on Thursday, January 22nd. Morgan Stanley reduced their target price on shares of Docebo from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Monday, March 2nd. Cantor Fitzgerald restated an “overweight” rating and issued a $28.00 target price on shares of Docebo in a report on Wednesday, April 22nd. Finally, Stifel Nicolaus reduced their target price on shares of Docebo from $34.00 to $28.00 and set a “buy” rating on the stock in a report on Monday, March 2nd.

Institutional Trading of Docebo

A number of large investors have recently made changes to their positions in DCBO. Royal Bank of Canada increased its holdings in shares of Docebo by 467.1% in the 1st quarter. Royal Bank of Canada now owns 158,340 shares of the company’s stock worth $4,546,000 after buying an additional 130,419 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Docebo by 29.1% in 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. CIBC Asset Management Inc increased its holdings 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 worth $12,915,000 after buying an additional 16,432 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Docebo by 68.5% in the 2nd quarter. Bank of America Corp DE now owns 119,508 shares of the company’s stock worth $3,459,000 after buying an additional 48,588 shares during the last quarter. Finally, Balyasny Asset Management L.P. boosted its stake in shares of Docebo by 55.8% during the 2nd quarter. Balyasny Asset Management L.P. now owns 14,034 shares of the company’s stock worth $406,000 after purchasing an additional 5,029 shares during the period. 53.17% of the stock is currently owned by institutional investors.

Docebo Stock Performance

Shares of NASDAQ DCBO opened at $21.21 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market cap of $545.10 million, a P/E ratio of 16.70 and a beta of 1.31. The firm’s fifty day moving average is $17.94 and its two-hundred day moving average is $20.47. Docebo has a 52-week low of $14.39 and a 52-week high of $33.70.

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.