Docebo (NASDAQ:DCBO) Given “Overweight” Rating at Cantor Fitzgerald

Cantor Fitzgerald restated their overweight rating on shares of Docebo (NASDAQ:DCBO) in a research note released on Wednesday,Benzinga reports. They currently have a $28.00 price target on the stock.

A number of other research firms have also issued reports on DCBO. TD Securities raised shares of Docebo to a “strong-buy” rating in a report on Thursday, January 15th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Docebo in a report on Monday, March 30th. National Bank Financial dropped their target price on shares of Docebo from $31.00 to $24.00 and set a “sector perform” rating for the company in a report on Thursday, January 22nd. Craig Hallum reaffirmed a “buy” rating and set a $38.00 target price on shares of Docebo in a report on Monday, March 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $31.00 target price on shares of Docebo in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $30.92.

Docebo Price Performance

Shares of NASDAQ DCBO opened at $19.17 on Wednesday. The firm has a market cap of $492.67 million, a PE ratio of 15.09 and a beta of 1.40. The firm has a fifty day moving average of $17.89 and a 200 day moving average of $20.88. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.22 and a current ratio of 1.22. Docebo has a one year low of $14.39 and a one year high of $33.70.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Northwest & Ethical Investments L.P. acquired a new position in Docebo in the fourth quarter valued at about $27,000. State of Wyoming acquired a new position in Docebo in the fourth quarter valued at about $72,000. Deutsche Bank AG lifted its position in Docebo by 33.2% in the fourth quarter. Deutsche Bank AG now owns 3,533 shares of the company’s stock valued at $78,000 after buying an additional 881 shares during the last quarter. TD Waterhouse Canada Inc. lifted its position in Docebo by 39.5% in the third quarter. TD Waterhouse Canada Inc. now owns 6,380 shares of the company’s stock valued at $172,000 after buying an additional 1,805 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Docebo by 46.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,063 shares of the company’s stock valued at $193,000 after buying an additional 2,248 shares during the last quarter. Institutional investors and hedge funds own 53.17% of the company’s stock.

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.