Docebo’s (DCBO) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Docebo (NASDAQ:DCBO) in a report issued on Friday morning,Benzinga reports. The firm currently has a $31.00 target price on the stock.

A number of other brokerages have also weighed in on DCBO. Wall Street Zen lowered shares of Docebo from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Weiss Ratings upgraded shares of Docebo from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 8th. Zacks Research lowered shares of Docebo from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. National Bank Financial decreased their price target on shares of Docebo from $24.00 to $21.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 27th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $28.00 price target on shares of Docebo in a report on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $30.67.

Docebo Stock Performance

DCBO stock opened at $20.38 on Friday. Docebo has a twelve month low of $14.39 and a twelve month high of $33.42. The firm has a market cap of $512.35 million, a price-to-earnings ratio of 17.57 and a beta of 1.27. The business’s fifty day simple moving average is $17.84 and its two-hundred day simple moving average is $18.49. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.03.

Hedge Funds Weigh In On Docebo

Several hedge funds have recently modified their holdings of DCBO. Northwest & Ethical Investments L.P. acquired a new stake in Docebo in the 4th quarter worth approximately $27,000. State of Wyoming purchased a new position in shares of Docebo in the fourth quarter worth $72,000. Deutsche Bank AG raised its holdings in shares of Docebo by 33.2% in the fourth quarter. Deutsche Bank AG now owns 3,533 shares of the company’s stock worth $78,000 after buying an additional 881 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of Docebo by 1,101.5% during the first quarter. NewEdge Advisors LLC now owns 3,977 shares of the company’s stock worth $69,000 after buying an additional 3,646 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Docebo by 46.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,063 shares of the company’s stock worth $193,000 after buying an additional 2,248 shares during the period. Institutional investors and hedge funds own 53.17% of the company’s stock.

Docebo Company Profile

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.