Docebo Inc. (NASDAQ:DCBO) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Docebo Inc. has received an average rating of "Moderate Buy" from analysts, with four holding ratings and six buy ratings from the ten covering firms.
• The current average twelve-month price target for Docebo stock is $44.1250, reflecting analyst projections over the last year.
• Institutional investors hold 53.17% of Docebo's stock, indicating significant interest from large stakeholders, with companies like Long Path Partners increasing their investments in the firm.

Shares of Docebo Inc. (NASDAQ:DCBO - Get Free Report) have been assigned an average rating of "Moderate Buy" from the ten ratings firms that are presently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $44.1250.

A number of research analysts have issued reports on DCBO shares. Wall Street Zen upgraded shares of Docebo from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Cantor Fitzgerald started coverage on shares of Docebo in a research report on Monday, June 9th. They set an "overweight" rating and a $35.00 target price on the stock. Finally, Zacks Research upgraded shares of Docebo to a "hold" rating in a research report on Friday, August 8th.

Docebo Stock Up 0.2%

Shares of NASDAQ DCBO opened at $30.25 on Monday. The firm's 50-day simple moving average is $30.54 and its 200 day simple moving average is $29.45. The company has a market cap of $869.08 million, a price-to-earnings ratio of 43.84 and a beta of 1.48. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.01. Docebo has a 12-month low of $25.50 and a 12-month high of $53.86.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Long Path Partners LP lifted its position in Docebo by 21.8% during the 1st quarter. Long Path Partners LP now owns 901,574 shares of the company's stock valued at $25,884,000 after purchasing an additional 161,519 shares during the period. Jane Street Group LLC bought a new stake in shares of Docebo in the 4th quarter valued at about $621,000. Rice Hall James & Associates LLC increased its stake in shares of Docebo by 30.6% in the 1st quarter. Rice Hall James & Associates LLC now owns 143,949 shares of the company's stock valued at $4,133,000 after acquiring an additional 33,759 shares during the last quarter. Millennium Management LLC increased its stake in shares of Docebo by 128.2% in the 4th quarter. Millennium Management LLC now owns 78,616 shares of the company's stock valued at $3,521,000 after acquiring an additional 44,162 shares during the last quarter. Finally, Deutsche Bank AG bought a new stake in shares of Docebo in the 4th quarter valued at about $242,000. 53.17% of the stock is currently owned by institutional investors and hedge funds.

Docebo Company Profile

Docebo Inc operates as a learning management software company that provides artificial intelligence (AI)-powered learning platform in North America and internationally. It offers Learning Management System (LMS) to train internal and external workforces, partners, and customers. The company's cloud platform consists of a learning suite, which includes Docebo Learn LMS, a cloud-based learning platform that allows learning administrators to deliver personalized learning; Docebo Shape, an AI-based learning content creation tool, which enables learning administrators to turn internal and external resources into engaging, multilingual, and microlearning content to share across the business; Docebo Content that allows off-the-shelf learning content by partnering content specialist; Docebo Learning Impact, a learning measurement tool that enables administrators to prove and improve training programs; Docebo Learn Data, which gives a comprehensive view on learning data to business results; Docebo Connect that connects Docebo to custom tech stack and making integrations; and Docebo Flow that allows businesses to directly inject learning into the flow of work.

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