Docebo (NASDAQ:DCBO) Downgraded to Hold Rating by Zacks Research

Zacks Research downgraded shares of Docebo (NASDAQ:DCBO) from a strong-buy rating to a hold rating in a report issued on Monday morning,Zacks.com reports.

A number of other analysts have also recently weighed in on DCBO. Weiss Ratings cut Docebo from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 11th. Stifel Nicolaus lowered their price target on Docebo from $34.00 to $28.00 and set a “buy” rating on the stock in a research report on Monday, March 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $31.00 price target on shares of Docebo in a research report on Wednesday, April 22nd. Scotiabank lowered their price target on Docebo from $32.00 to $25.00 and set an “outperform” rating on the stock in a research report on Monday, March 2nd. Finally, Morgan Stanley lowered their price target on Docebo from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Monday, March 2nd. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $30.92.

Docebo Stock Performance

Shares of NASDAQ:DCBO opened at $17.37 on Monday. The business’s fifty day moving average price is $17.87 and its two-hundred day moving average price is $19.54. Docebo has a fifty-two week low of $14.39 and a fifty-two week high of $33.42. The stock has a market capitalization of $441.20 million, a price-to-earnings ratio of 14.97 and a beta of 1.31. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.85 and a quick ratio of 0.85.

Hedge Funds Weigh In On Docebo

A number of institutional investors and hedge funds have recently bought and sold shares of DCBO. Topline Capital Management LLC boosted its stake in Docebo by 484.9% in the third quarter. Topline Capital Management LLC now owns 323,219 shares of the company’s stock worth $8,834,000 after purchasing an additional 267,962 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of 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. Royal Bank of Canada lifted its stake in shares of 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. Millennium Management LLC lifted its stake in shares of Docebo by 137.2% during the fourth quarter. Millennium Management LLC now owns 213,444 shares of the company’s stock valued at $4,741,000 after acquiring an additional 123,473 shares during the period. Finally, Two Sigma Investments LP lifted its stake in shares of Docebo by 211.3% during the third quarter. Two Sigma Investments LP now owns 160,772 shares of the company’s stock valued at $4,394,000 after acquiring an additional 109,128 shares during the period. Institutional investors and hedge funds own 53.17% of the company’s stock.

About Docebo

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.