Docebo (NASDAQ:DCBO) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen lowered shares of Docebo (NASDAQ:DCBO) from a buy rating to a hold rating in a report published on Sunday morning.

Several other research analysts have also recently weighed in on DCBO. Needham & Company LLC restated a “buy” rating and issued a $31.00 price objective on shares of Docebo in a research report on Wednesday, April 22nd. Morgan Stanley decreased their price objective on shares of Docebo from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Monday, March 2nd. UBS Group restated a “buy” rating on shares of Docebo in a research report on Monday, March 2nd. Craig Hallum restated a “buy” rating and issued a $38.00 price objective on shares of Docebo in a research report on Monday, March 2nd. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $28.00 price objective on shares of Docebo in a research report on Wednesday, April 22nd. Three investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $30.92.

Docebo Stock Performance

Shares of Docebo stock opened at $17.23 on Friday. Docebo has a 12-month low of $14.39 and a 12-month high of $33.42. The company has a market cap of $437.56 million, a price-to-earnings ratio of 14.85 and a beta of 1.31. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.03. The company’s 50-day moving average price is $18.18 and its 200-day moving average price is $19.94.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Northwest & Ethical Investments L.P. bought a new position in Docebo during the fourth quarter valued at approximately $27,000. State of Wyoming bought a new position in Docebo during the fourth quarter valued at approximately $72,000. Deutsche Bank AG grew its position in Docebo by 33.2% during the fourth quarter. Deutsche Bank AG now owns 3,533 shares of the company’s stock valued at $78,000 after acquiring an additional 881 shares during the last quarter. TD Waterhouse Canada Inc. grew its position in Docebo by 39.5% during the third quarter. TD Waterhouse Canada Inc. now owns 6,380 shares of the company’s stock valued at $172,000 after acquiring an additional 1,805 shares during the last quarter. Finally, DGS Capital Management LLC bought a new position in Docebo during the first quarter valued at approximately $178,000. 53.17% of the stock is currently owned by 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.