Docebo (NASDAQ:DCBO) Earns Buy Rating from Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Docebo (NASDAQ:DCBO - Free Report) in a report issued on Thursday morning,Benzinga reports. The firm currently has a $42.00 target price on the stock.

A number of other equities research analysts have also weighed in on DCBO. Atb Cap Markets upgraded shares of Docebo from a "hold" rating to a "strong-buy" rating in a report on Friday, February 28th. UBS Group set a $45.00 price target on shares of Docebo in a research note on Tuesday, March 4th. Scotiabank reduced their price objective on Docebo from $55.00 to $45.00 and set a "sector outperform" rating on the stock in a report on Tuesday, March 4th. Finally, Morgan Stanley set a $43.00 target price on Docebo in a report on Friday, February 28th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $51.55.

Docebo Trading Down 0.1 %

Docebo stock traded down $0.02 during mid-day trading on Thursday, hitting $29.60. The company's stock had a trading volume of 19,949 shares, compared to its average volume of 85,120. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.13 and a current ratio of 1.13. The company has a 50 day moving average of $33.43 and a 200-day moving average of $41.59. Docebo has a one year low of $25.10 and a one year high of $53.86. The stock has a market cap of $896.11 million, a PE ratio of 51.03 and a beta of 1.59.

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Institutional Investors Weigh In On Docebo

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DCBO. Wellington Management Group LLP boosted its stake in Docebo by 1,047.0% in the 3rd quarter. Wellington Management Group LLP now owns 599,976 shares of the company's stock worth $26,518,000 after purchasing an additional 547,666 shares in the last quarter. XTX Topco Ltd increased its position in shares of Docebo by 63.6% in the 3rd quarter. XTX Topco Ltd now owns 11,191 shares of the company's stock valued at $495,000 after acquiring an additional 4,350 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Docebo in the 3rd quarter worth $921,000. Barclays PLC acquired a new stake in Docebo during the 3rd quarter worth about $142,000. Finally, Geode Capital Management LLC grew its stake in Docebo by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 40,543 shares of the company's stock valued at $1,791,000 after purchasing an additional 911 shares during the last quarter. 53.17% of the stock is currently owned by hedge funds and other institutional investors.

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.