Docebo (NASDAQ:DCBO) Stock Price Up 10% – Time to Buy?

Docebo Inc. (NASDAQ:DCBO) was up 10% during mid-day trading on Wednesday . The stock traded as high as $20.53 and last traded at $20.57. Approximately 65,038 shares traded hands during trading, a decline of 70% from the average daily volume of 218,408 shares. The stock had previously closed at $18.70.

Analyst Upgrades and Downgrades

DCBO has been the topic of several recent analyst reports. TD Securities upgraded Docebo to a “strong-buy” rating in a research report on Thursday, January 15th. Morgan Stanley dropped their price objective on Docebo from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Monday, March 2nd. Canaccord Genuity Group cut their price objective on Docebo from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. Needham & Company LLC reduced their target price on Docebo from $38.00 to $31.00 and set a “buy” rating for the company in a report on Friday, February 27th. Finally, UBS Group restated a “buy” rating on shares of Docebo in a research report on Monday, March 2nd. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.92.

Docebo Stock Performance

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 stock’s 50 day moving average is $19.31 and its 200 day moving average is $23.45. The stock has a market capitalization of $639.91 million, a price-to-earnings ratio of 17.53 and a beta of 1.44.

Institutional Trading of Docebo

Large investors have recently modified their holdings of the business. Long Path Partners LP increased its stake in shares of Docebo by 30.5% during the 2nd 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 in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Docebo by 0.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 554,383 shares of the company’s stock worth $15,132,000 after acquiring an additional 2,112 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of Docebo by 3.8% in the second quarter. CIBC Asset Management Inc now owns 445,517 shares of the company’s stock worth $12,915,000 after acquiring an additional 16,432 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Docebo by 1.2% in the fourth quarter. Wellington Management Group LLP now owns 437,595 shares of the company’s stock valued at $9,715,000 after acquiring an additional 5,169 shares in the last quarter. Finally, Topline Capital Management LLC boosted its stake in shares of Docebo by 484.9% during the third quarter. Topline Capital Management LLC now owns 323,219 shares of the company’s stock valued at $8,834,000 after acquiring an additional 267,962 shares during the last quarter. 53.17% of the stock is currently owned by institutional investors and hedge funds.

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.