Docebo (NASDAQ:DCBO) Shares Gap Up - Still a Buy?

Docebo Inc. (NASDAQ:DCBO - Get Free Report)'s share price gapped up prior to trading on Wednesday . The stock had previously closed at $31.24, but opened at $31.95. Docebo shares last traded at $30.71, with a volume of 7,793 shares.

Analyst Ratings Changes

DCBO has been the topic of a number of research reports. Scotiabank dropped their target price on Docebo from $55.00 to $45.00 and set a "sector outperform" rating on the stock in a report on Tuesday, March 4th. UBS Group set a $45.00 target price on Docebo in a research note on Tuesday, March 4th. Morgan Stanley set a $43.00 price target on Docebo in a research note on Friday, February 28th. Finally, Atb Cap Markets upgraded Docebo from a "hold" rating to a "strong-buy" rating in a report on Friday, February 28th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $53.18.

Docebo Stock Performance

The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average of $36.96 and a 200 day moving average of $42.96. The stock has a market capitalization of $886.73 million, a P/E ratio of 50.50 and a beta of 1.60.

Hedge Funds Weigh In On Docebo

A number of large investors have recently modified their holdings of the stock. Quantbot Technologies LP acquired a new position in Docebo during the 4th quarter worth $132,000. Tower Research Capital LLC TRC boosted its holdings in Docebo by 46.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,983 shares of the company's stock valued at $134,000 after acquiring an additional 949 shares during the last quarter. Barclays PLC acquired a new stake in Docebo in the third quarter worth about $142,000. Deutsche Bank AG bought a new stake in Docebo during the 4th quarter worth about $242,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Docebo in the 4th quarter valued at about $255,000. 53.17% of the stock is currently owned by institutional investors and hedge funds.

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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.