Docebo (NASDAQ:DCBO) Coverage Initiated by Analysts at Cantor Fitzgerald

Equities research analysts at Cantor Fitzgerald began coverage on shares of Docebo (NASDAQ:DCBO) in a research note issued to investors on Monday, Marketbeat.com reports. The firm set an “overweight” rating and a $35.00 price target on the stock. Cantor Fitzgerald’s target price suggests a potential upside of 27.88% from the stock’s previous close.

DCBO has been the subject of several other reports. Needham & Company LLC restated a “buy” rating and set a $42.00 target price on shares of Docebo in a research report on Thursday, April 10th. UBS Group set a $45.00 target price on shares of Docebo in a research report on Tuesday, March 4th. Wall Street Zen lowered shares of Docebo from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. Scotiabank cut their target price on shares of Docebo from $45.00 to $40.00 and set a “sector outperform” rating for the company in a research report on Monday, May 12th. Finally, Atb Cap Markets lowered shares of Docebo from a “strong-buy” rating to a “hold” rating in a research report on Sunday, May 11th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.13.

Docebo Stock Performance

Shares of NASDAQ DCBO opened at $27.37 on Monday. The firm has a 50 day moving average of $28.55 and a 200 day moving average of $36.51. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $811.06 million, a price-to-earnings ratio of 47.19 and a beta of 1.48. Docebo has a 12-month low of $25.50 and a 12-month high of $53.86.

Hedge Funds Weigh In On Docebo

Several hedge funds have recently modified their holdings of DCBO. Quantbot Technologies LP purchased a new position in shares of Docebo in the fourth quarter worth $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 valued at $134,000 after purchasing an additional 949 shares in the last quarter. Deutsche Bank AG purchased a new stake in Docebo during the fourth quarter valued at $242,000. Dynamic Technology Lab Private Ltd purchased a new stake in Docebo during the fourth quarter valued at $255,000. Finally, Aigen Investment Management LP purchased a new stake in Docebo during the first quarter valued at $263,000. 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.