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

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

Several other brokerages have also weighed in on DCBO. Morgan Stanley cut their price objective on shares of Docebo from $34.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Monday, November 10th. Atb Cap Markets upgraded shares of Docebo from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 10th. TD Cowen restated a “buy” rating and set a $37.00 price target on shares of Docebo in a report on Friday, October 3rd. Weiss Ratings cut shares of Docebo from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, December 31st. Finally, Needham & Company LLC lowered their target price on shares of Docebo from $42.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $36.20.

Docebo Stock Down 0.8%

Docebo stock opened at $19.72 on Friday. Docebo has a twelve month low of $19.51 and a twelve month high of $43.94. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $566.67 million, a PE ratio of 26.64 and a beta of 1.45. The firm’s 50 day moving average price is $21.75 and its two-hundred day moving average price is $26.53.

Hedge Funds Weigh In On Docebo

Several large investors have recently bought and sold shares of DCBO. Long Path Partners LP boosted its holdings in Docebo by 30.5% in the 2nd quarter. Long Path Partners LP now owns 1,176,750 shares of the company’s stock valued at $34,055,000 after purchasing an additional 275,176 shares during the period. Topline Capital Management LLC lifted its stake in shares of Docebo by 484.9% in the third quarter. Topline Capital Management LLC now owns 323,219 shares of the company’s stock valued at $8,834,000 after buying an additional 267,962 shares during the period. Beutel Goodman & Co Ltd. acquired a new stake in Docebo during the second quarter worth about $7,189,000. Wellington Management Group LLP increased its stake in Docebo by 45.1% during the third quarter. Wellington Management Group LLP now owns 432,426 shares of the company’s stock valued at $11,818,000 after acquiring an additional 134,437 shares during the period. Finally, Royal Bank of Canada increased its stake in Docebo by 467.1% during the first quarter. Royal Bank of Canada now owns 158,340 shares of the company’s stock valued at $4,546,000 after acquiring an additional 130,419 shares during the period. 53.17% of the stock is currently owned by institutional investors and hedge funds.

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.