Docebo (NASDAQ:DCBO) Shares Gap Up – Should You Buy?

Docebo Inc. (NASDAQ:DCBO) gapped up before the market opened on Wednesday . The stock had previously closed at $31.24, but opened at $31.95. Docebo shares last traded at $30.71, with a volume of 7,793 shares traded.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DCBO. Atb Cap Markets upgraded shares of Docebo from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 28th. Morgan Stanley set a $43.00 price target on shares of Docebo in a report on Friday, February 28th. Scotiabank reduced 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. Finally, UBS Group set a $45.00 price objective on Docebo in a research report on Tuesday, March 4th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $53.18.

Docebo Trading Up 1.7 %

The company’s fifty day simple moving average is $37.21 and its two-hundred day simple moving average is $43.03. The company has a market capitalization of $936.68 million, a price-to-earnings ratio of 53.34 and a beta of 1.60. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.01.

Institutional Trading of Docebo

Several hedge funds have recently added to or reduced their stakes in the business. Quantbot Technologies LP bought a new stake in shares of Docebo in the fourth quarter worth about $132,000. Tower Research Capital LLC TRC raised its holdings in Docebo by 46.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,983 shares of the company’s stock worth $134,000 after buying an additional 949 shares during the period. Barclays PLC acquired a new stake in Docebo during the 3rd quarter worth approximately $142,000. Deutsche Bank AG bought a new position in Docebo in the fourth quarter valued at approximately $242,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Docebo during the fourth quarter worth $255,000. Institutional investors and hedge funds own 53.17% of the company’s stock.

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.