Weiss Ratings Reaffirms Hold (C-) Rating for Docebo (NASDAQ:DCBO)

Key Points

• Weiss Ratings reaffirmed a "hold (C-)" rating for Docebo (NASDAQ:DCBO), indicating a cautious perspective on the stock's future performance.
• In addition to Weiss Ratings, other brokerages have provided mixed ratings, with TD Cowen and Wall Street Zen both assigning a "buy" rating and a target price of $37.00, while the average target price is currently $41.67.
• Docebo's stock has seen fluctuations, trading at $27.65 recently, with a twelve-month low of $25.50 and a high of $53.86, amidst significant institutional interest, as over 53% of the company's stock is owned by institutional investors.

Docebo (NASDAQ:DCBO - Get Free Report)'s stock had its "hold (c-)" rating reissued by investment analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

A number of other brokerages also recently commented on DCBO. Zacks Research raised shares of Docebo to a "hold" rating in a research note on Friday, August 8th. TD Cowen reaffirmed a "buy" rating and set a $37.00 target price on shares of Docebo in a research note on Friday, October 3rd. Wall Street Zen raised shares of Docebo from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Finally, TD Securities assumed coverage on shares of Docebo in a research note on Friday, October 3rd. They set a "buy" rating and a $37.00 target price on the stock. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $41.67.

Docebo Price Performance

DCBO traded up $0.38 on Wednesday, reaching $27.65. 32,454 shares of the company's stock were exchanged, compared to its average volume of 59,731. 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's fifty day moving average price is $30.04 and its 200-day moving average price is $29.23. Docebo has a twelve month low of $25.50 and a twelve month high of $53.86. The stock has a market cap of $794.38 million, a PE ratio of 40.07 and a beta of 1.45.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Topline Capital Management LLC acquired a new position in shares of Docebo in the second quarter valued at approximately $1,599,000. Man Group plc grew 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 grew 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 grew 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. grew its holdings in shares of Docebo by 55.8% in the second quarter. Balyasny Asset Management L.P. now owns 14,034 shares of the company's stock valued at $406,000 after purchasing an additional 5,029 shares in the last quarter. Institutional investors and hedge funds 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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