Atb Cap Markets Upgrades Docebo (NASDAQ:DCBO) to Strong-Buy

Atb Cap Markets upgraded shares of Docebo (NASDAQ:DCBO) from a hold rating to a strong-buy rating in a report issued on Tuesday morning,Zacks.com reports.

Several other analysts have also issued reports on the stock. Needham & Company LLC upped their target price on shares of Docebo from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 8th. Scotiabank upped their price objective on Docebo from $50.00 to $55.00 and gave the stock a “sector outperform” rating in a research note on Thursday, October 24th. Finally, Craig Hallum lifted their target price on Docebo from $58.00 to $62.00 and gave the company a “buy” rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $57.36.

Docebo Stock Up 1.4 %

DCBO stock opened at $42.34 on Tuesday. Docebo has a fifty-two week low of $33.81 and a fifty-two week high of $56.41. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 73.00 and a beta of 1.55. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.13 and a current ratio of 1.13. The business’s 50-day moving average is $45.39 and its two-hundred day moving average is $44.49.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Rice Hall James & Associates LLC bought a new position in Docebo during the third quarter valued at approximately $3,907,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Docebo by 7.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 236,825 shares of the company’s stock worth $10,449,000 after acquiring an additional 15,800 shares in the last quarter. Intact Investment Management Inc. bought a new position in shares of Docebo during the 3rd quarter valued at approximately $3,319,000. Long Path Partners LP grew its holdings in shares of Docebo by 6.6% in the third quarter. Long Path Partners LP now owns 731,299 shares of the company’s stock valued at $32,323,000 after purchasing an additional 45,022 shares in the last quarter. Finally, Luxor Capital Group LP purchased a new stake in Docebo during the third quarter valued at $9,071,000. Institutional investors own 53.17% of the company’s stock.

Docebo Company Profile

Docebo Inc operates as a learning management software company that provides artificial intelligence (AI)-powered learning platform in North America and internationally. It offers Learning Management System (LMS) to train internal and external workforces, partners, and customers. The company's cloud platform consists of a learning suite, which includes Docebo Learn LMS, a cloud-based learning platform that allows learning administrators to deliver personalized learning; Docebo Shape, an AI-based learning content creation tool, which enables learning administrators to turn internal and external resources into engaging, multilingual, and microlearning content to share across the business; Docebo Content that allows off-the-shelf learning content by partnering content specialist; Docebo Learning Impact, a learning measurement tool that enables administrators to prove and improve training programs; Docebo Learn Data, which gives a comprehensive view on learning data to business results; Docebo Connect that connects Docebo to custom tech stack and making integrations; and Docebo Flow that allows businesses to directly inject learning into the flow of work.