Docebo (NASDAQ:DCBO) Upgraded to Strong-Buy at Atb Cap Markets

Atb Cap Markets upgraded shares of Docebo (NASDAQ:DCBO) from a hold rating to a strong-buy rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

DCBO has been the subject of several other reports. Craig Hallum raised their price objective on shares of Docebo from $58.00 to $62.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Needham & Company LLC increased their price target on shares of Docebo from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Scotiabank increased their target price on shares of Docebo from $50.00 to $55.00 and gave the stock a “sector outperform” rating in a research note on Thursday, October 24th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Docebo currently has an average rating of “Buy” and an average price target of $57.36.

Docebo Stock Up 1.4 %

Shares of 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 has a market capitalization of $1.28 billion, a PE ratio of 73.00 and a beta of 1.55. Docebo has a one year low of $33.81 and a one year high of $56.41. The business’s fifty day moving average price is $45.39 and its 200-day moving average price is $44.49.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Y Intercept Hong Kong Ltd bought a new position in shares of Docebo during the fourth quarter valued at about $348,000. Cumberland Partners Ltd purchased a new position in shares of Docebo in the fourth quarter worth $2,138,000. Alberta Investment Management Corp raised its holdings in Docebo by 47.9% during the 4th quarter. Alberta Investment Management Corp now owns 57,279 shares of the company’s stock valued at $2,567,000 after buying an additional 18,544 shares during the last quarter. Rice Hall James & Associates LLC boosted its position in Docebo by 24.7% during the 4th quarter. Rice Hall James & Associates LLC now owns 110,190 shares of the company’s stock valued at $4,933,000 after buying an additional 21,806 shares during the period. Finally, Barclays PLC bought a new stake in Docebo in the 3rd quarter worth $142,000. 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.