Docebo (NASDAQ:DCBO) Earns "Hold (C-)" Rating from Weiss Ratings

Key Points

• Docebo's stock received a "hold (C-)" rating from Weiss Ratings, while also being upgraded by Wall Street Zen to a "buy" rating.
• Institutional investors own approximately 53.17% of Docebo's stock, with several firms increasing their holdings significantly in the second quarter.
• Docebo's current stock price is $28.22, with a market cap of approximately $810.76 million, and analysts suggest a consensus target price of $40.11.

Docebo (NASDAQ:DCBO - Get Free Report)'s stock had its "hold (c-)" rating reiterated by equities researchers at Weiss Ratings in a report issued on Friday,Weiss Ratings reports.

Other equities analysts have also recently issued reports about the stock. Wall Street Zen upgraded shares of Docebo from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Zacks Research upgraded shares of Docebo from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 7th. TD Securities began coverage on shares of Docebo in a research report on Friday, October 3rd. They issued a "buy" rating and a $37.00 price target for the company. National Bankshares decreased their price target on shares of Docebo from $35.00 to $31.00 and set a "sector perform" rating for the company in a research report on Thursday. Finally, TD Cowen restated a "buy" rating and issued a $37.00 price target on shares of Docebo in a research report on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $40.11.

Docebo Trading Up 1.2%

Shares of NASDAQ DCBO opened at $28.22 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.04 and a current ratio of 1.04. Docebo has a 52-week low of $25.50 and a 52-week high of $53.86. The firm has a 50 day moving average price of $29.13 and a two-hundred day moving average price of $29.03. The stock has a market cap of $810.76 million, a P/E ratio of 40.90 and a beta of 1.45.

Institutional Investors Weigh In On Docebo

Several large investors have recently modified their holdings of the company. Topline Capital Management LLC acquired a new stake in shares of Docebo during the second quarter worth $1,599,000. Man Group plc increased its position in shares of Docebo by 118.8% during the second quarter. Man Group plc now owns 131,699 shares of the company's stock worth $3,810,000 after buying an additional 71,499 shares during the period. Lazard Asset Management LLC increased its position in shares of Docebo by 15.8% during the second quarter. Lazard Asset Management LLC now owns 71,650 shares of the company's stock worth $2,073,000 after buying an additional 9,759 shares during the period. BNP Paribas Financial Markets increased its position in shares of Docebo by 10.9% during the second quarter. BNP Paribas Financial Markets now owns 26,560 shares of the company's stock worth $769,000 after buying an additional 2,607 shares during the period. Finally, Balyasny Asset Management L.P. grew its holdings in Docebo by 55.8% in the second quarter. Balyasny Asset Management L.P. now owns 14,034 shares of the company's stock worth $406,000 after purchasing an additional 5,029 shares during the period. 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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