Docebo (NASDAQ:DCBO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Docebo (NASDAQ:DCBO) from a hold rating to a buy rating in a report issued on Monday.

Other analysts have also issued research reports about the stock. Atb Cap Markets raised shares of Docebo from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 10th. Zacks Research cut Docebo from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Weiss Ratings lowered Docebo from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, December 31st. ATB Capital upgraded Docebo to an “outperform” rating in a report on Wednesday, December 10th. Finally, TD Securities upgraded Docebo to a “strong-buy” rating in a research report on Thursday, January 15th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $34.80.

Docebo Stock Down 1.0%

Shares of NASDAQ:DCBO opened at $18.52 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.05. The firm has a market cap of $532.45 million, a P/E ratio of 25.03 and a beta of 1.45. Docebo has a 12 month low of $18.11 and a 12 month high of $43.84. The company’s 50-day moving average price is $21.18 and its two-hundred day moving average price is $25.97.

Institutional Investors Weigh In On Docebo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio boosted its holdings in Docebo by 7.3% during the second quarter. Public Employees Retirement System of Ohio now owns 11,444 shares of the company’s stock worth $331,000 after buying an additional 783 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Docebo by 0.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 552,271 shares of the company’s stock valued at $16,006,000 after acquiring an additional 1,381 shares during the period. Employees Retirement System of Texas bought a new position in Docebo during the 2nd quarter worth approximately $44,000. TD Waterhouse Canada Inc. grew its holdings in Docebo by 39.5% during the third quarter. TD Waterhouse Canada Inc. now owns 6,380 shares of the company’s stock valued at $172,000 after purchasing an additional 1,805 shares during the period. Finally, National Bank of Canada FI increased its stake in Docebo by 7.9% in the third quarter. National Bank of Canada FI now owns 24,937 shares of the company’s stock valued at $675,000 after purchasing an additional 1,831 shares in the last quarter. Institutional investors own 53.17% of the company’s stock.

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.