Docebo (NASDAQ:DCBO) Upgraded to Buy at Wall Street Zen

Key Points

• Docebo (NASDAQ:DCBO) has been upgraded to a "Buy" rating by Wall Street Zen, moving up from a previously held "hold" rating.
• Other research firms have also adjusted their ratings, with Scotiabank reducing its price target from $45 to $40, while Morgan Stanley lowered its target from $41 to $32.
• The stock currently has a consensus rating of "Moderate Buy" with an average target price of $44.13, reflecting mixed analyst opinions on its future performance.

Wall Street Zen upgraded shares of Docebo (NASDAQ:DCBO - Free Report) from a hold rating to a buy rating in a research report report published on Saturday morning.

A number of other research firms also recently weighed in on DCBO. Morgan Stanley downgraded shares of Docebo from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $41.00 to $32.00 in a report on Monday, May 12th. Cantor Fitzgerald started coverage on shares of Docebo in a research report on Monday, June 9th. They issued an "overweight" rating and a $35.00 price objective on the stock. Scotiabank dropped their price objective on shares of Docebo from $45.00 to $40.00 and set a "sector outperform" rating for the company in a report on Monday, May 12th. National Bankshares decreased their target price on shares of Docebo from $55.00 to $45.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Finally, Atb Cap Markets cut Docebo from a "strong-buy" rating to a "hold" rating in a research note on Sunday, May 11th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $44.13.

Docebo Stock Performance

Shares of NASDAQ:DCBO traded down $0.3530 during trading on Friday, reaching $31.2970. 104,153 shares of the company's stock traded hands, compared to its average volume of 88,371. Docebo has a 12 month low of $25.50 and a 12 month high of $53.86. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market capitalization of $899.16 million, a P/E ratio of 45.37 and a beta of 1.48. The company has a 50 day moving average of $29.32 and a 200-day moving average of $30.80.

Hedge Funds Weigh In On Docebo

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Employees Retirement System of Texas acquired a new stake in shares of Docebo in the second quarter valued at $44,000. Tower Research Capital LLC TRC lifted its holdings in Docebo by 46.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,983 shares of the company's stock worth $134,000 after buying an additional 949 shares during the last quarter. Deutsche Bank AG purchased a new stake in shares of Docebo in the 4th quarter valued at about $242,000. Aigen Investment Management LP purchased a new stake in shares of Docebo in the 1st quarter valued at about $263,000. Finally, State of Wyoming purchased a new stake in shares of Docebo in the 4th quarter valued at about $275,000. Hedge funds and other institutional investors own 53.17% of the company's stock.

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.