Docebo (NASDAQ:DCBO) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Docebo (NASDAQ:DCBO) from a sell rating to a hold rating in a report released on Wednesday, Zacks.com reports.

According to Zacks, “Docebo Inc. is a cloud-based enterprise learning solution with AI superpowers, and was designed to produce learning experiences to train customers, partners and employees. Docebo Inc. is based in Toronto, Canada. “

Several other analysts also recently commented on the stock. Berenberg Bank reissued a buy rating on shares of Docebo in a research report on Monday, August 16th. CIBC upped their target price on shares of Docebo from C$95.00 to C$125.00 and gave the company an outperform rating in a research note on Friday, September 24th. National Bankshares upped their target price on shares of Docebo from $70.00 to $80.00 and gave the company an outperform rating in a research note on Friday, August 13th. TD Securities upped their target price on shares of Docebo from C$100.00 to C$130.00 and gave the company a buy rating in a research note on Friday, September 24th. Finally, National Bank Financial upped their target price on shares of Docebo from $70.00 to $80.00 and gave the company an outperform rating in a research note on Friday, August 13th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Buy and a consensus target price of $83.60.

DCBO stock opened at $75.58 on Wednesday. The company has a market capitalization of $2.47 billion and a price-to-earnings ratio of -290.69. Docebo has a 12 month low of $37.21 and a 12 month high of $92.75. The firm has a 50 day moving average of $78.41 and a two-hundred day moving average of $62.57.

Docebo (NASDAQ:DCBO) last posted its earnings results on Thursday, August 12th. The company reported ($0.22) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.30). The business had revenue of $25.63 million for the quarter, compared to the consensus estimate of $23.23 million. As a group, sell-side analysts expect that Docebo will post -0.33 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of DCBO. Cat Rock Capital Management LP grew its holdings in shares of Docebo by 116.2% in the 1st quarter. Cat Rock Capital Management LP now owns 2,532,915 shares of the company’s stock worth $108,805,000 after purchasing an additional 1,361,615 shares during the last quarter. Federated Hermes Inc. bought a new stake in shares of Docebo in the 1st quarter worth about $21,445,000. Bank of Montreal Can grew its holdings in shares of Docebo by 50.5% in the 1st quarter. Bank of Montreal Can now owns 832,287 shares of the company’s stock worth $38,810,000 after purchasing an additional 279,347 shares during the last quarter. 3G Capital Partners LP bought a new stake in shares of Docebo in the 2nd quarter worth about $16,272,000. Finally, Credit Suisse AG grew its holdings in shares of Docebo by 21.3% in the 1st quarter. Credit Suisse AG now owns 675,577 shares of the company’s stock worth $28,975,000 after purchasing an additional 118,566 shares during the last quarter. 27.51% of the stock is currently owned by institutional investors and hedge funds.

Docebo Company Profile

Docebo Inc provides a cloud-based learning management system to train internal and external workforces, partners, and customers in North America, Europe, and the Asia-Pacific region. Its platform helps customers to centralize learning materials from peer enterprises and learners into one learning management system to expedite and enrich the learning process, increase productivity, and grow teams uniformly.

Featured Story: What is the quiet period?

Get a free copy of the Zacks research report on Docebo (DCBO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Docebo (NASDAQ:DCBO)

Receive News & Ratings for Docebo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Docebo and related companies with MarketBeat.com's FREE daily email newsletter.