Docebo (NASDAQ:DCBO) Upgraded by TD Securities to “Strong-Buy” Rating

TD Securities upgraded shares of Docebo (NASDAQ:DCBO) to a strong-buy rating in a report issued on Thursday,Zacks.com reports.

A number of other equities analysts have also commented on DCBO. Cantor Fitzgerald reiterated an “overweight” rating and issued a $35.00 price objective on shares of Docebo in a report on Wednesday, December 24th. CIBC dropped their target price on Docebo from $37.00 to $36.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. National Bankshares reduced their price target on Docebo from $35.00 to $31.00 and set a “sector perform” rating for the company in a report on Thursday, October 23rd. TD Cowen restated a “buy” rating and set a $37.00 price objective on shares of Docebo in a research note on Friday, October 3rd. Finally, Zacks Research downgraded Docebo from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Docebo presently has an average rating of “Moderate Buy” and an average price target of $36.20.

Docebo Stock Down 0.8%

Shares of NASDAQ:DCBO opened at $19.72 on Thursday. The company has a market capitalization of $566.67 million, a price-to-earnings ratio of 26.64 and a beta of 1.45. The company has a 50 day moving average of $21.75 and a two-hundred day moving average of $26.56. Docebo has a 52-week low of $19.51 and a 52-week high of $43.94. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.05.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Long Path Partners LP lifted its stake in Docebo by 30.5% in the second quarter. Long Path Partners LP now owns 1,176,750 shares of the company’s stock valued at $34,055,000 after buying an additional 275,176 shares during the last quarter. Topline Capital Management LLC grew its position 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 worth $8,834,000 after acquiring an additional 267,962 shares during the last quarter. Beutel Goodman & Co Ltd. acquired a new stake in shares of Docebo in the 2nd quarter worth about $7,189,000. Wellington Management Group LLP raised its holdings in shares of Docebo by 45.1% during the third quarter. Wellington Management Group LLP now owns 432,426 shares of the company’s stock valued at $11,818,000 after buying an additional 134,437 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in Docebo by 467.1% during the 1st quarter. Royal Bank of Canada now owns 158,340 shares of the company’s stock valued at $4,546,000 after acquiring an additional 130,419 shares in the last quarter. Institutional investors 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.