Docebo’s (DCBO) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Docebo (NASDAQ:DCBO) in a research report sent to investors on Thursday morning,Benzinga reports. The brokerage currently has a $42.00 price objective on the stock.

A number of other research firms have also recently issued reports on DCBO. Morgan Stanley set a $43.00 price target on shares of Docebo in a research note on Friday, February 28th. UBS Group set a $45.00 target price on shares of Docebo in a research report on Tuesday, March 4th. Atb Cap Markets upgraded shares of Docebo from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 28th. Finally, Scotiabank lowered 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. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Docebo has an average rating of “Buy” and an average price target of $51.55.

Docebo Stock Performance

Shares of DCBO stock opened at $29.78 on Thursday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01. Docebo has a 12-month low of $26.00 and a 12-month high of $53.86. The business’s 50 day moving average is $33.68 and its two-hundred day moving average is $41.72. The company has a market capitalization of $901.56 million, a P/E ratio of 51.34 and a beta of 1.59.

Institutional Investors Weigh In On Docebo

A number of large investors have recently made changes to their positions in DCBO. Quantbot Technologies LP acquired a new position in shares of Docebo during the 4th quarter valued at about $132,000. Tower Research Capital LLC TRC raised its stake in Docebo by 46.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,983 shares of the company’s stock worth $134,000 after purchasing an additional 949 shares during the period. Barclays PLC acquired a new position in Docebo in the 3rd quarter valued at about $142,000. Deutsche Bank AG purchased a new stake in shares of Docebo in the 4th quarter valued at approximately $242,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Docebo during the 4th quarter worth approximately $255,000. 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.