Docebo (NASDAQ:DCBO) Cut to “Hold” at Wall Street Zen

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

Several other equities research analysts also recently issued reports on DCBO. Zacks Research downgraded shares of Docebo from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. TD Securities upgraded Docebo to a “strong-buy” rating in a research note on Thursday. Atb Cap Markets upgraded Docebo from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 10th. TD Cowen reissued a “buy” rating and issued a $37.00 price target on shares of Docebo in a report on Friday, October 3rd. Finally, Weiss Ratings lowered Docebo from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, December 31st. Two 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 issued a Sell rating to the stock. According to MarketBeat, Docebo currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.20.

Docebo Price Performance

DCBO opened at $19.72 on Friday. Docebo has a 1 year low of $19.51 and a 1 year high of $43.94. The company’s 50 day simple moving average is $21.75 and its 200 day simple moving average is $26.55. The stock has a market capitalization of $566.67 million, a PE ratio of 26.64 and a beta of 1.45. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.13 and a current ratio of 1.13.

Institutional Trading of Docebo

Hedge funds have recently made changes to their positions in the stock. Long Path Partners LP increased its position in Docebo by 30.5% in the 2nd quarter. Long Path Partners LP now owns 1,176,750 shares of the company’s stock worth $34,055,000 after purchasing an additional 275,176 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Docebo by 0.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 554,383 shares of the company’s stock worth $15,132,000 after buying an additional 2,112 shares during the last quarter. CIBC Asset Management Inc increased its holdings in Docebo by 3.8% in the second quarter. CIBC Asset Management Inc now owns 445,517 shares of the company’s stock worth $12,915,000 after buying an additional 16,432 shares during the last quarter. Wellington Management Group LLP raised its position 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 in the last quarter. Finally, Bank of Montreal Can lifted its stake in Docebo by 21.6% in the second quarter. Bank of Montreal Can now owns 399,152 shares of the company’s stock valued at $11,577,000 after acquiring an additional 70,827 shares during the last quarter. 53.17% of the stock is owned by hedge funds and other 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.