Docebo (NASDAQ:DCBO) Rating Lowered to Hold at Wall Street Zen

Docebo (NASDAQ:DCBO) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday, Wall Street Zen reports.

DCBO has been the topic of several other reports. ATB Cormark Capital Markets dropped their price target on shares of Docebo from $36.00 to $35.00 and set an “outperform” rating on the stock in a research note on Monday, July 20th. Weiss Ratings upgraded shares of Docebo from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Needham & Company LLC restated a “buy” rating and set a $31.00 price objective on shares of Docebo in a research report on Friday, July 17th. National Bank Financial upped their target price on shares of Docebo from $22.00 to $24.00 and gave the company a “sector perform” rating in a report on Monday, August 10th. Finally, Zacks Research raised shares of Docebo from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $30.18.

Docebo Stock Performance

NASDAQ:DCBO opened at $27.59 on Friday. Docebo has a 1 year low of $14.39 and a 1 year high of $28.89. The stock has a market cap of $691.13 million, a P/E ratio of 24.20 and a beta of 1.22. The stock has a 50-day simple moving average of $24.22 and a 200-day simple moving average of $20.34.

Docebo (NASDAQ:DCBO) last released its quarterly earnings data on Friday, August 7th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.08. The business had revenue of $63.80 million for the quarter, compared to the consensus estimate of $67.14 million. Docebo had a return on equity of 120.29% and a net margin of 12.98%. On average, equities research analysts predict that Docebo will post 1.44 EPS for the current year.

Hedge Funds Weigh In On Docebo

Hedge funds have recently modified their holdings of the business. Allworth Financial LP acquired a new position in shares of Docebo in the 2nd quarter valued at $52,000. NewEdge Advisors LLC grew its position in Docebo by 1,101.5% during the 1st quarter. NewEdge Advisors LLC now owns 3,977 shares of the company’s stock worth $69,000 after purchasing an additional 3,646 shares during the last quarter. State of Wyoming purchased a new position in Docebo during the 2nd quarter worth $137,000. DGS Capital Management LLC purchased a new position in Docebo during the 1st quarter worth $178,000. Finally, K2 Principal Fund L.P. acquired a new position in Docebo in the second quarter valued at $303,000. 53.17% of the stock is currently owned by hedge funds and other institutional investors.

Docebo Company Profile

Docebo Inc develops cloud-based learning management software for businesses and other organizations. Its platform is designed to help companies create, manage and deliver employee, customer, partner and member education through online learning programs.

The Docebo Learning Platform includes tools for course administration, content creation and management, assessments, reporting, automation and artificial intelligence. It also supports extended-enterprise learning, enabling organizations to provide training to audiences outside their workforce.