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

Docebo Inc. (NASDAQ:DCBOGet Free Report) has received a consensus rating of “Moderate Buy” from the sixteen research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, ten have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $30.6667.

Several equities analysts have recently commented on DCBO shares. Canaccord Genuity Group decreased their price target on Docebo from $40.00 to $36.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. Morgan Stanley decreased their price target on Docebo from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Monday, March 2nd. Weiss Ratings raised Docebo from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, June 1st. Zacks Research lowered Docebo from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Wall Street Zen lowered Docebo from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th.

Check Out Our Latest Stock Analysis on Docebo

Hedge Funds Weigh In On Docebo

Several hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC lifted its stake in Docebo by 1,101.5% during the 1st quarter. NewEdge Advisors LLC now owns 3,977 shares of the company’s stock worth $69,000 after acquiring an additional 3,646 shares in the last quarter. Turtle Creek Asset Management Inc. lifted its stake in Docebo by 38.6% during the 1st quarter. Turtle Creek Asset Management Inc. now owns 21,200 shares of the company’s stock worth $370,000 after acquiring an additional 5,900 shares in the last quarter. Lazard Asset Management LLC lifted its stake in Docebo by 74.4% during the 1st quarter. Lazard Asset Management LLC now owns 28,458 shares of the company’s stock worth $498,000 after acquiring an additional 12,141 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Docebo by 16.2% during the 1st 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 in the last quarter. Finally, Sei Investments Co. lifted its stake in Docebo by 211.7% during the 1st quarter. Sei Investments Co. now owns 56,034 shares of the company’s stock worth $979,000 after acquiring an additional 38,058 shares in the last quarter. Institutional investors and hedge funds own 53.17% of the company’s stock.

Docebo Stock Performance

Shares of Docebo stock opened at $17.23 on Wednesday. Docebo has a 52 week low of $14.39 and a 52 week high of $33.42. The business’s fifty day simple moving average is $17.76 and its 200-day simple moving average is $19.11. The firm has a market cap of $437.64 million, a PE ratio of 14.85 and a beta of 1.28. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.03.

About Docebo

(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.

Featured Articles

Analyst Recommendations for Docebo (NASDAQ:DCBO)

Receive News & Ratings for Docebo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Docebo and related companies with MarketBeat.com's FREE daily email newsletter.