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

Key Points

• Analysts hold a “Moderate Buy” consensus on Docebo, with 11 buys, one strong buy, two holds and two sells among 16 firms. The average 12-month price target is $31.08.
• Docebo shares opened at $20.36, with a market capitalization of approximately $506.8 million and a 12-month trading range of $14.39 to $33.42.
• Institutional investors own 53.17% of the company, while several major funds—including Arrowstreet Capital and Millennium Management—recently increased their positions.

Shares of Docebo Inc. (NASDAQ:DCBO - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the sixteen research firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $31.0769.

DCBO has been the topic of a number of research reports. National Bank Financial upped their price target on shares of Docebo from $21.00 to $22.00 and gave the stock a "sector perform" rating in a research note on Monday, July 20th. Needham & Company LLC restated a "buy" rating and issued a $31.00 target price on shares of Docebo in a research note on Friday, July 17th. Wall Street Zen lowered Docebo from a "buy" rating to a "hold" rating in a research report on Sunday, May 17th. Weiss Ratings downgraded Docebo from a "sell (d+)" rating to a "sell (d)" rating in a research note on Thursday, July 23rd. Finally, Zacks Research downgraded Docebo from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 21st.

Docebo Stock Down 1.3%

DCBO stock opened at $20.36 on Thursday. The company has a 50 day moving average of $18.59 and a two-hundred day moving average of $18.35. The company has a market cap of $506.76 million, a price-to-earnings ratio of 17.55 and a beta of 1.24. Docebo has a 12-month low of $14.39 and a 12-month high of $33.42. 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 and other institutional investors have recently added to or reduced their stakes in DCBO. Arrowstreet Capital Limited Partnership grew its position in Docebo by 16.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 615,587 shares of the company's stock worth $10,775,000 after acquiring an additional 86,038 shares in the last quarter. CIBC Asset Management Inc raised its holdings in shares of Docebo by 3.8% during the 2nd quarter. CIBC Asset Management Inc now owns 445,517 shares of the company's stock valued at $12,915,000 after purchasing an additional 16,432 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Docebo by 1.2% during the 4th quarter. Wellington Management Group LLP now owns 437,595 shares of the company's stock valued at $9,715,000 after purchasing an additional 5,169 shares in the last quarter. FIL Ltd raised its holdings in shares of Docebo by 16.1% during the 4th quarter. FIL Ltd now owns 255,518 shares of the company's stock valued at $5,676,000 after purchasing an additional 35,445 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in shares of 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 purchasing an additional 123,473 shares during 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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