Docebo (NASDAQ:DCBO) Earns Overweight Rating from Analysts at Cantor Fitzgerald

Investment analysts at Cantor Fitzgerald began coverage on shares of Docebo (NASDAQ:DCBO) in a research report issued to clients and investors on Monday,Briefing.com Automated Import reports. The firm set an “overweight” rating and a $35.00 price target on the stock. Cantor Fitzgerald’s price objective suggests a potential upside of 29.63% from the company’s current price.

Several other research firms have also recently commented on DCBO. Atb Cap Markets cut shares of Docebo from a “strong-buy” rating to a “hold” rating in a research report on Sunday, May 11th. National Bank Financial downgraded Docebo from an “outperform” rating to a “sector perform” rating in a research note on Friday, May 9th. Morgan Stanley cut Docebo from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $41.00 to $32.00 in a research report on Monday, May 12th. National Bankshares decreased their price objective on Docebo from $55.00 to $45.00 and set an “outperform” rating for the company in a report on Friday, April 25th. Finally, Needham & Company LLC restated a “buy” rating and issued a $42.00 target price on shares of Docebo in a research note on Thursday, April 10th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $44.13.

Docebo Stock Performance

Shares of DCBO stock opened at $27.00 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.13 and a current ratio of 1.13. Docebo has a 52 week low of $25.50 and a 52 week high of $53.86. The company’s 50 day moving average price is $28.64 and its two-hundred day moving average price is $36.72. The company has a market capitalization of $800.09 million, a P/E ratio of 46.55 and a beta of 1.48.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Quantbot Technologies LP bought a new stake in Docebo during the fourth quarter worth $132,000. Tower Research Capital LLC TRC increased its stake in shares of Docebo by 46.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,983 shares of the company’s stock worth $134,000 after purchasing an additional 949 shares during the last quarter. Deutsche Bank AG bought a new stake in shares of Docebo in the 4th quarter valued at about $242,000. Dynamic Technology Lab Private Ltd acquired a new stake in Docebo in the 4th quarter valued at about $255,000. Finally, Aigen Investment Management LP acquired a new stake in Docebo in the 1st quarter valued at about $263,000. Institutional investors and hedge funds own 53.17% of the company’s stock.

About Docebo

Docebo Inc operates as a learning management software company that provides artificial intelligence (AI)-powered learning platform in North America and internationally. It offers Learning Management System (LMS) to train internal and external workforces, partners, and customers. The company's cloud platform consists of a learning suite, which includes Docebo Learn LMS, a cloud-based learning platform that allows learning administrators to deliver personalized learning; Docebo Shape, an AI-based learning content creation tool, which enables learning administrators to turn internal and external resources into engaging, multilingual, and microlearning content to share across the business; Docebo Content that allows off-the-shelf learning content by partnering content specialist; Docebo Learning Impact, a learning measurement tool that enables administrators to prove and improve training programs; Docebo Learn Data, which gives a comprehensive view on learning data to business results; Docebo Connect that connects Docebo to custom tech stack and making integrations; and Docebo Flow that allows businesses to directly inject learning into the flow of work.