Docebo (NASDAQ:DCBO) Stock Rating Lowered by Wall Street Zen

Docebo (NASDAQ:DCBO) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Sunday.

Several other equities analysts have also issued reports on DCBO. ATB Capital upgraded Docebo to an “outperform” rating in a research note on Wednesday, December 10th. TD Cowen restated a “buy” rating and set a $37.00 price objective on shares of Docebo in a research report on Friday, October 3rd. Morgan Stanley reduced their target price on Docebo from $34.00 to $28.00 and set an “equal weight” rating for the company in a research report on Monday, November 10th. Oppenheimer assumed coverage on shares of Docebo in a report on Wednesday, November 5th. They issued an “outperform” rating and a $35.00 price target on the stock. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $35.00 price objective on shares of Docebo in a report on Wednesday, December 24th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $36.20.

Docebo Stock Performance

NASDAQ:DCBO opened at $19.72 on Friday. The firm has a market capitalization of $566.67 million, a PE ratio of 26.64 and a beta of 1.45. Docebo has a 1 year low of $19.51 and a 1 year high of $43.94. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.05. The firm’s fifty day simple moving average is $21.75 and its 200 day simple moving average is $26.55.

Institutional Trading of Docebo

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Long Path Partners LP grew its position in shares of Docebo by 30.5% during the 2nd quarter. Long Path Partners LP now owns 1,176,750 shares of the company’s stock worth $34,055,000 after buying an additional 275,176 shares during the period. Topline Capital Management LLC raised its position in shares of Docebo by 484.9% during the 3rd quarter. Topline Capital Management LLC now owns 323,219 shares of the company’s stock valued at $8,834,000 after acquiring an additional 267,962 shares during the last quarter. Beutel Goodman & Co Ltd. acquired a new position in shares of Docebo in the 2nd quarter valued at $7,189,000. Wellington Management Group LLP boosted its position in shares of Docebo by 45.1% in the 3rd quarter. Wellington Management Group LLP now owns 432,426 shares of the company’s stock worth $11,818,000 after purchasing an additional 134,437 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in Docebo by 467.1% in the first quarter. Royal Bank of Canada now owns 158,340 shares of the company’s stock valued at $4,546,000 after purchasing an additional 130,419 shares during the last quarter. 53.17% of the stock is owned by institutional investors.

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.