Docebo (NASDAQ:DCBO) Raised to “Strong-Buy” at Atb Cap Markets

Docebo (NASDAQ:DCBO) was upgraded by stock analysts at Atb Cap Markets from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

Several other equities research analysts also recently weighed in on DCBO. Scotiabank increased their price target on Docebo from $50.00 to $55.00 and gave the stock a “sector outperform” rating in a research report on Thursday, October 24th. Craig Hallum increased their target price on shares of Docebo from $58.00 to $62.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, Needham & Company LLC increased their target price on shares of Docebo from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $57.36.

Docebo Price Performance

NASDAQ DCBO opened at $42.34 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 1.13. The stock’s fifty day moving average price is $45.39 and its 200 day moving average price is $44.49. Docebo has a 1 year low of $33.81 and a 1 year high of $56.41. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 73.00 and a beta of 1.55.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Millennium Management LLC increased its holdings in shares of Docebo by 43.0% during the 2nd quarter. Millennium Management LLC now owns 179,685 shares of the company’s stock worth $6,940,000 after buying an additional 54,057 shares during the last quarter. Essex Investment Management Co. LLC boosted its position in Docebo by 35.8% in the 3rd quarter. Essex Investment Management Co. LLC now owns 81,176 shares of the company’s stock valued at $3,588,000 after buying an additional 21,407 shares during the period. Riverwater Partners LLC purchased a new position in Docebo in the 3rd quarter valued at approximately $200,000. Rice Hall James & Associates LLC purchased a new position in Docebo in the 3rd quarter valued at approximately $3,907,000. Finally, Intact Investment Management Inc. purchased a new position in Docebo in the 3rd quarter valued at approximately $3,319,000. 53.17% of the stock is owned by hedge funds and other institutional investors.

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.