Cantor Fitzgerald Reiterates Overweight Rating for Docebo (NASDAQ:DCBO)
by Michael Walen · The Markets DailyDocebo (NASDAQ:DCBO – Get Free Report)‘s stock had its “overweight” rating restated by Cantor Fitzgerald in a note issued to investors on Wednesday,Benzinga reports. They presently have a $28.00 target price on the stock. Cantor Fitzgerald’s price target suggests a potential upside of 45.95% from the stock’s current price.
Several other brokerages also recently weighed in on DCBO. UBS Group reaffirmed a “buy” rating on shares of Docebo in a research note on Monday, March 2nd. Oppenheimer reaffirmed an “outperform” rating and set a $25.00 target price on shares of Docebo in a research note on Thursday, January 29th. TD Securities raised shares of Docebo to a “strong-buy” rating in a research note on Thursday, January 15th. Craig Hallum reaffirmed a “buy” rating and set a $38.00 target price on shares of Docebo in a research note on Monday, March 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $31.00 target price on shares of Docebo in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Docebo currently has an average rating of “Moderate Buy” and an average price target of $30.92.
View Our Latest Analysis on DCBO
Docebo Stock Up 5.3%
DCBO traded up $0.97 during trading hours on Wednesday, hitting $19.18. 19,851 shares of the company’s stock were exchanged, compared to its average volume of 190,365. Docebo has a 12-month low of $14.39 and a 12-month high of $33.70. The firm has a 50 day moving average of $17.89 and a 200 day moving average of $20.90. The firm has a market cap of $495.33 million, a P/E ratio of 15.05 and a beta of 1.40. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.03.
Institutional Investors Weigh In On Docebo
Large investors have recently modified their holdings of the company. Northwest & Ethical Investments L.P. purchased a new stake in shares of Docebo in the 4th quarter valued at approximately $27,000. State of Wyoming purchased a new stake in shares of Docebo in the 4th quarter valued at approximately $72,000. Deutsche Bank AG increased its position in shares of Docebo by 33.2% in the 4th quarter. Deutsche Bank AG now owns 3,533 shares of the company’s stock valued at $78,000 after purchasing an additional 881 shares during the last quarter. TD Waterhouse Canada Inc. increased its position in shares of Docebo by 39.5% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 6,380 shares of the company’s stock valued at $172,000 after purchasing an additional 1,805 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Docebo by 46.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,063 shares of the company’s stock valued at $193,000 after purchasing an additional 2,248 shares during the last quarter. 53.17% of the stock is owned by hedge funds and other institutional investors.
Docebo Company Profile
Docebo is a cloud-based learning management system (LMS) provider that offers enterprise organizations a comprehensive platform for employee, customer and partner training. The company’s software is designed to streamline learning and development with features such as AI-powered content recommendations, automated learning paths and social collaboration tools. Docebo’s platform supports multiple languages and integrates with a variety of third-party applications, enabling businesses to deliver training at scale across different departments and regions.
Founded in 2005 and headquartered in Toronto, Canada, Docebo has expanded its footprint to serve customers in North America, Europe, the Middle East and the Asia Pacific region.