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

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

Other equities analysts also recently issued reports about the company. Needham & Company LLC boosted their price objective on Docebo from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Scotiabank lifted their target price on Docebo from $50.00 to $55.00 and gave the stock a “sector outperform” rating in a report on Thursday, October 24th. Finally, Craig Hallum lifted their target price on Docebo from $58.00 to $62.00 and gave the stock a “buy” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $57.36.

Docebo Stock Performance

DCBO stock opened at $42.34 on Tuesday. The company has a market cap of $1.28 billion, a P/E ratio of 73.00 and a beta of 1.55. 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.

Institutional Trading of Docebo

A number of large investors have recently modified their holdings of DCBO. Plato Investment Management Ltd purchased a new stake in Docebo during the third quarter worth $35,000. Geode Capital Management LLC lifted its holdings in Docebo by 2.3% during the third quarter. Geode Capital Management LLC now owns 40,543 shares of the company’s stock worth $1,791,000 after buying an additional 911 shares during the period. Barclays PLC purchased a new stake in Docebo during the third quarter worth $142,000. XTX Topco Ltd lifted its holdings in Docebo by 63.6% during the third quarter. XTX Topco Ltd now owns 11,191 shares of the company’s stock worth $495,000 after buying an additional 4,350 shares during the period. Finally, Riverwater Partners LLC acquired a new position in shares of Docebo during the third quarter worth $200,000. Hedge funds and other institutional investors 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.