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

Shares of Docebo Inc. (NASDAQ:DCBO) have been given a consensus recommendation of “Moderate Buy” by the sixteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $31.2308.

Several equities analysts recently issued reports on DCBO shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $28.00 price objective on shares of Docebo in a research report on Wednesday, April 22nd. Zacks Research downgraded shares of Docebo from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 21st. Weiss Ratings raised shares of Docebo from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday. ATB Cormark Capital Markets lowered 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. Finally, Wall Street Zen upgraded shares of Docebo from a “hold” rating to a “buy” rating in a report on Saturday, August 8th.

Docebo Stock Down 4.1%

Shares of Docebo stock opened at $22.11 on Thursday. Docebo has a 1 year low of $14.39 and a 1 year high of $32.35. The business has a 50-day moving average of $18.98 and a two-hundred day moving average of $18.47. The company has a market capitalization of $550.32 million, a P/E ratio of 19.39 and a beta of 1.24. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.85 and a quick ratio of 0.85.

Institutional Trading of Docebo

A number of institutional investors have recently modified their holdings of DCBO. Northwest & Ethical Investments L.P. bought a new position in shares of Docebo during the fourth quarter worth about $27,000. Allworth Financial LP acquired a new stake in Docebo in the 2nd quarter valued at approximately $52,000. NewEdge Advisors LLC lifted its stake in Docebo by 1,101.5% in the 1st quarter. NewEdge Advisors LLC now owns 3,977 shares of the company’s stock valued at $69,000 after acquiring an additional 3,646 shares in the last quarter. State of Wyoming bought a new stake in Docebo in the 4th quarter valued at approximately $72,000. Finally, Deutsche Bank AG boosted its position in Docebo by 33.2% during the 4th quarter. Deutsche Bank AG now owns 3,533 shares of the company’s stock worth $78,000 after acquiring an additional 881 shares during the last quarter. 53.17% of the stock is currently owned by institutional investors.

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.