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

Docebo Inc. (NASDAQ:DCBO) has been assigned a consensus rating of “Moderate Buy” from the sixteen research firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, ten have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $30.6667.

A number of equities analysts have recently commented on the stock. Weiss Ratings raised shares of Docebo from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday. Needham & Company LLC reiterated a “buy” rating and issued a $31.00 price target on shares of Docebo in a report on Wednesday, April 22nd. Wall Street Zen lowered Docebo from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. National Bank Financial reduced their price objective on Docebo from $24.00 to $21.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 27th. Finally, Zacks Research downgraded Docebo from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th.

Hedge Funds Weigh In On Docebo

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Northwest & Ethical Investments L.P. purchased a new position in Docebo in the 4th quarter worth approximately $27,000. State of Wyoming acquired a new stake in Docebo in the fourth quarter valued at approximately $72,000. Deutsche Bank AG grew 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 acquiring an additional 881 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of Docebo by 1,101.5% during the first quarter. NewEdge Advisors LLC now owns 3,977 shares of the company’s stock valued at $69,000 after purchasing an additional 3,646 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Docebo by 46.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,063 shares of the company’s stock valued at $193,000 after purchasing an additional 2,248 shares during the period. 53.17% of the stock is owned by institutional investors and hedge funds.

Docebo Trading Up 1.2%

DCBO stock traded up $0.23 during midday trading on Friday, reaching $18.81. 66,453 shares of the company’s stock traded hands, compared to its average volume of 72,503. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.85 and a quick ratio of 0.85. Docebo has a fifty-two week low of $14.39 and a fifty-two week high of $33.42. The business has a 50-day moving average price of $17.99 and a two-hundred day moving average price of $18.64. The company has a market capitalization of $472.88 million, a P/E ratio of 16.22 and a beta of 1.27.

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.