Wall Street Zen Upgrades Docebo (NASDAQ:DCBO) to “Buy”

Docebo (NASDAQ:DCBOGet Free Report) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

A number of other equities research analysts have also weighed in on DCBO. Zacks Research lowered shares of Docebo from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 21st. National Bank Financial increased their target price on shares of Docebo from $21.00 to $22.00 and gave the company a “sector perform” rating in a report on Monday, July 20th. Needham & Company LLC reiterated a “buy” rating and issued a $31.00 target price on shares of Docebo in a research report on Friday, July 17th. Cantor Fitzgerald reissued an “overweight” rating and issued a $28.00 price target on shares of Docebo in a research note on Wednesday, April 22nd. Finally, Weiss Ratings lowered shares of Docebo from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.08.

View Our Latest Report on Docebo

Docebo Price Performance

DCBO opened at $22.30 on Friday. The business’s fifty day simple moving average is $18.72 and its 200 day simple moving average is $18.38. Docebo has a 52 week low of $14.39 and a 52 week high of $33.42. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.03. The stock has a market cap of $555.05 million, a PE ratio of 19.56 and a beta of 1.24.

Hedge Funds Weigh In On Docebo

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. NewGen Asset Management Ltd purchased a new position in Docebo during the first quarter valued at $1,558,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Docebo by 16.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 615,587 shares of the company’s stock worth $10,775,000 after acquiring an additional 86,038 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new stake in shares of Docebo in the fourth quarter worth $883,000. State of Wyoming bought a new position in shares of Docebo during the second quarter valued at $137,000. Finally, Turtle Creek Asset Management Inc. increased its holdings in shares of Docebo by 38.6% during the first quarter. Turtle Creek Asset Management Inc. now owns 21,200 shares of the company’s stock valued at $370,000 after acquiring an additional 5,900 shares in the last quarter. Institutional investors own 53.17% of the company’s stock.

Docebo Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Docebo (NASDAQ:DCBO)

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