Docebo (NASDAQ:DCBO – Get Free Report) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.
A number of other equities analysts also recently issued reports on the company. Needham & Company LLC reiterated a “buy” rating and issued a $31.00 price objective on shares of Docebo in a report on Friday, July 17th. Cantor Fitzgerald reissued an “overweight” rating and set a $28.00 price objective on shares of Docebo in a research note on Wednesday, April 22nd. Weiss Ratings upgraded shares of Docebo from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Wall Street Zen upgraded shares of Docebo from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, ATB Cormark Capital Markets lowered their target price on shares of Docebo from $36.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $31.23.
Check Out Our Latest Report on DCBO
Docebo Stock Performance
Docebo (NASDAQ:DCBO – Get Free Report) last released its earnings results on Friday, August 7th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.27 by $0.08. The company had revenue of $63.80 million for the quarter, compared to analyst estimates of $67.14 million. Docebo had a net margin of 12.98% and a return on equity of 120.29%. On average, sell-side analysts anticipate that Docebo will post 1.44 EPS for the current fiscal year.
Hedge Funds Weigh In On Docebo
A number of hedge funds have recently bought and sold shares of DCBO. Arrowstreet Capital Limited Partnership grew its position in Docebo by 16.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 615,587 shares of the company’s stock valued at $10,775,000 after purchasing an additional 86,038 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of Docebo by 3.8% during the second quarter. CIBC Asset Management Inc now owns 445,517 shares of the company’s stock valued at $12,915,000 after buying an additional 16,432 shares during the last quarter. Wellington Management Group LLP lifted its position in Docebo by 1.2% in the 4th quarter. Wellington Management Group LLP now owns 437,595 shares of the company’s stock valued at $9,715,000 after acquiring an additional 5,169 shares in the last quarter. FIL Ltd lifted its position in Docebo by 16.1% in the 4th quarter. FIL Ltd now owns 255,518 shares of the company’s stock valued at $5,676,000 after acquiring an additional 35,445 shares in the last quarter. Finally, Millennium Management LLC lifted its position in Docebo by 137.2% in the 4th quarter. Millennium Management LLC now owns 213,444 shares of the company’s stock valued at $4,741,000 after acquiring an additional 123,473 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.
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