Docebo (NASDAQ:DCBO) Trading Down 1.5% – What’s Next?

Docebo Inc. (NASDAQ:DCBO)’s stock price fell 1.5% during trading on Wednesday . The company traded as low as $17.88 and last traded at $18.48. Approximately 28,243 shares traded hands during trading, a decline of 60% from the average session volume of 70,223 shares. The stock had previously closed at $18.76.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Zacks Research lowered Docebo from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Cantor Fitzgerald restated an “overweight” rating and set a $28.00 price objective on shares of Docebo in a research report on Wednesday, April 22nd. National Bank Financial cut their price objective on Docebo from $24.00 to $21.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 27th. Wall Street Zen downgraded shares of Docebo from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Finally, Needham & Company LLC restated a “buy” rating and set a $31.00 price target on shares of Docebo in a report on Wednesday, April 22nd. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $30.67.

Docebo Stock Down 1.5%

The firm has a market cap of $464.59 million, a price-to-earnings ratio of 15.93 and a beta of 1.27. The firm has a 50 day moving average of $17.99 and a 200 day moving average of $18.66. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.03.

Institutional Trading of Docebo

Hedge funds have recently modified their holdings of the stock. Northwest & Ethical Investments L.P. acquired a new position in shares of Docebo during the 4th quarter valued at $27,000. State of Wyoming acquired a new position in shares of Docebo during the fourth quarter valued at about $72,000. Deutsche Bank AG boosted its position in shares of Docebo by 33.2% during the 4th quarter. Deutsche Bank AG now owns 3,533 shares of the company’s stock worth $78,000 after purchasing an additional 881 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of 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 in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Docebo by 46.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,063 shares of the company’s stock valued at $193,000 after buying an additional 2,248 shares during the period. Institutional investors 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.