Docebo (NASDAQ:DCBO) Upgraded at Zacks Research

Key Points

• Docebo was upgraded from a "hold" rating to a "strong-buy" rating by Zacks Research, indicating increasing optimism among analysts regarding the stock's performance.
• Several brokerages, including TD Cowen, Cantor Fitzgerald, and Wall Street Zen, have given buy ratings with price targets ranging from $35 to $41.67 for Docebo shares.
• The stock price of Docebo has recently declined by 0.6%, trading at $27.50, with a market capitalization of approximately $789.93 million.

Docebo (NASDAQ:DCBO - Get Free Report) was upgraded by equities researchers at Zacks Research from a "hold" rating to a "strong-buy" rating in a report released on Tuesday,Zacks.com reports.

A number of other brokerages have also issued reports on DCBO. TD Cowen reissued a "buy" rating and issued a $37.00 price objective on shares of Docebo in a report on Friday, October 3rd. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Docebo in a research note on Wednesday. Cantor Fitzgerald began coverage on Docebo in a research note on Monday, June 9th. They set an "overweight" rating and a $35.00 price target for the company. TD Securities began coverage on Docebo in a research note on Friday, October 3rd. They set a "buy" rating and a $37.00 price target for the company. Finally, Wall Street Zen raised Docebo from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $41.67.

Docebo Stock Down 0.6%

NASDAQ DCBO traded down $0.16 on Tuesday, hitting $27.50. 2,846 shares of the stock traded hands, compared to its average volume of 85,527. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.01. The stock has a 50-day moving average of $30.04 and a 200 day moving average of $29.23. The company has a market capitalization of $789.93 million, a P/E ratio of 39.88 and a beta of 1.45. Docebo has a twelve month low of $25.50 and a twelve month high of $53.86.

Institutional Trading of Docebo

A number of hedge funds have recently modified their holdings of the business. Topline Capital Management LLC purchased a new stake in shares of Docebo in the second quarter valued at $1,599,000. Man Group plc lifted its holdings in shares of Docebo by 118.8% in the second quarter. Man Group plc now owns 131,699 shares of the company's stock valued at $3,810,000 after purchasing an additional 71,499 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Docebo by 15.8% in the second quarter. Lazard Asset Management LLC now owns 71,650 shares of the company's stock valued at $2,073,000 after purchasing an additional 9,759 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Docebo by 10.9% in the second quarter. BNP Paribas Financial Markets now owns 26,560 shares of the company's stock valued at $769,000 after purchasing an additional 2,607 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its holdings in shares of Docebo by 55.8% during the second quarter. Balyasny Asset Management L.P. now owns 14,034 shares of the company's stock worth $406,000 after acquiring an additional 5,029 shares in the last quarter. Hedge funds and other institutional investors own 53.17% of the company's stock.

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.

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