Docebo (NASDAQ:DCBO) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Docebo (NASDAQ:DCBO) from a strong sell rating to a hold rating in a research report sent to investors on Wednesday,Zacks.com reports.

Several other analysts also recently commented on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $28.00 target price on shares of Docebo in a report on Wednesday, April 22nd. ATB Cormark Capital Markets cut their price objective on shares of Docebo from $36.00 to $35.00 and set an “outperform” rating for the company in a research report on Monday, July 20th. National Bank Financial boosted their price objective on Docebo from $22.00 to $24.00 and gave the stock a “sector perform” rating in a report on Monday, August 10th. Weiss Ratings raised Docebo from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Finally, Wall Street Zen upgraded Docebo from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Docebo has an average rating of “Moderate Buy” and an average target price of $31.23.

Docebo Stock Up 1.3%

DCBO opened at $23.49 on Wednesday. Docebo has a 1-year low of $14.39 and a 1-year high of $31.96. The stock’s fifty day simple moving average is $19.61 and its 200 day simple moving average is $18.64. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.03. The stock has a market cap of $584.67 million, a PE ratio of 20.61 and a beta of 1.24.

Docebo (NASDAQ:DCBO) last released its quarterly earnings data on Friday, August 7th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.08. Docebo had a net margin of 12.98% and a return on equity of 120.29%. The firm had revenue of $63.80 million during the quarter, compared to analysts’ expectations of $67.14 million. As a group, research analysts expect that Docebo will post 1.44 earnings per share for the current year.

Institutional Investors Weigh In On Docebo

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Northwest & Ethical Investments L.P. acquired a new position in Docebo during the fourth quarter worth about $27,000. Allworth Financial LP bought a new position in Docebo in the 2nd quarter valued at approximately $52,000. State of Wyoming bought a new position in shares of Docebo during the fourth quarter valued at $72,000. Deutsche Bank AG increased its holdings in Docebo by 33.2% in the fourth quarter. Deutsche Bank AG now owns 3,533 shares of the company’s stock valued at $78,000 after purchasing an additional 881 shares during the period. Finally, NewEdge Advisors LLC raised its position 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 purchasing an additional 3,646 shares during the last quarter. 53.17% of the stock is currently owned by institutional investors.

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.