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

Docebo Inc. (NASDAQ:DCBO) has been given a consensus recommendation of “Moderate Buy” by the sixteen research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, ten have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $30.9167.

A number of equities research analysts have recently issued reports on DCBO shares. Canaccord Genuity Group dropped their price objective on Docebo from $40.00 to $36.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. National Bank Financial lowered 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. Cantor Fitzgerald dropped their price target on shares of Docebo from $35.00 to $28.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 21st. Craig Hallum reiterated a “buy” rating and issued a $38.00 price target on shares of Docebo in a research note on Monday, March 2nd. Finally, Stifel Nicolaus decreased their price objective on shares of Docebo from $34.00 to $28.00 and set a “buy” rating for the company in a research report on Monday, March 2nd.

Institutional Trading of Docebo

Several hedge funds and other institutional investors have recently modified their holdings of DCBO. Long Path Partners LP lifted its position in Docebo by 30.5% during the second quarter. Long Path Partners LP now owns 1,176,750 shares of the company’s stock worth $34,055,000 after purchasing an additional 275,176 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Docebo by 0.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 554,383 shares of the company’s stock valued at $15,132,000 after purchasing an additional 2,112 shares in the last quarter. CIBC Asset Management Inc lifted its stake in Docebo by 3.8% during the second quarter. CIBC Asset Management Inc now owns 445,517 shares of the company’s stock worth $12,915,000 after purchasing an additional 16,432 shares during the last quarter. Wellington Management Group LLP lifted its stake in Docebo by 1.2% during the fourth quarter. Wellington Management Group LLP now owns 437,595 shares of the company’s stock worth $9,715,000 after purchasing an additional 5,169 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of Docebo by 21.6% in the 2nd quarter. Bank of Montreal Can now owns 399,152 shares of the company’s stock valued at $11,577,000 after purchasing an additional 70,827 shares in the last quarter. Institutional investors own 53.17% of the company’s stock.

Docebo Price Performance

Shares of DCBO opened at $19.44 on Monday. 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. The stock has a market capitalization of $559.06 million, a P/E ratio of 15.31 and a beta of 1.44. The company has a 50 day moving average of $19.45 and a 200-day moving average of $23.62.

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.