Docebo (NASDAQ:DCBO) Now Covered by Analysts at Cantor Fitzgerald

Cantor Fitzgerald started coverage on shares of Docebo (NASDAQ:DCBO - Free Report) in a report published on Monday, MarketBeat.com reports. The firm issued an overweight rating and a $35.00 price objective on the stock.

A number of other equities analysts have also commented on DCBO. Atb Cap Markets lowered shares of Docebo from a "strong-buy" rating to a "hold" rating in a report on Sunday, May 11th. Wall Street Zen lowered Docebo from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Needham & Company LLC reiterated a "buy" rating and issued a $42.00 price objective on shares of Docebo in a research note on Thursday, April 10th. National Bankshares cut their price objective on shares of Docebo from $55.00 to $45.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Finally, Morgan Stanley downgraded Docebo from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $41.00 to $32.00 in a research note on Monday, May 12th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Docebo presently has an average rating of "Moderate Buy" and a consensus price target of $44.13.

Docebo Price Performance

NASDAQ DCBO traded down $0.25 on Monday, hitting $27.37. 117,435 shares of the company's stock were exchanged, compared to its average volume of 78,730. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01. The stock has a market cap of $811.06 million, a price-to-earnings ratio of 47.19 and a beta of 1.48. Docebo has a 52 week low of $25.50 and a 52 week high of $53.86. The stock has a 50-day moving average of $28.55 and a 200-day moving average of $36.45.

Hedge Funds Weigh In On Docebo

A number of large investors have recently modified their holdings of the company. Rice Hall James & Associates LLC boosted its holdings in shares of Docebo by 24.7% during the 4th quarter. Rice Hall James & Associates LLC now owns 110,190 shares of the company's stock valued at $4,933,000 after buying an additional 21,806 shares in the last quarter. Alberta Investment Management Corp grew its stake in shares of Docebo by 47.9% during the 4th quarter. Alberta Investment Management Corp now owns 57,279 shares of the company's stock valued at $2,567,000 after purchasing an additional 18,544 shares during the period. Cumberland Partners Ltd bought a new position in Docebo in the 4th quarter worth $2,138,000. Y Intercept Hong Kong Ltd bought a new stake in Docebo during the 4th quarter worth approximately $348,000. Finally, PCJ Investment Counsel Ltd. raised its holdings in Docebo by 11.9% during the fourth quarter. PCJ Investment Counsel Ltd. now owns 63,636 shares of the company's stock valued at $2,850,000 after acquiring an additional 6,750 shares during the period. 53.17% of the stock is owned by hedge funds and other institutional investors.

About Docebo

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.