Docebo (NASDAQ:DCBO) Cut to Strong Sell at Zacks Research

Zacks Research cut shares of Docebo (NASDAQ:DCBO) from a hold rating to a strong sell rating in a report published on Tuesday morning,Zacks.com reports.

A number of other equities research analysts have also commented on DCBO. National Bank Financial upped their price target on shares of Docebo from $21.00 to $22.00 and gave the company a “sector perform” rating in a report on Monday. ATB Cormark Capital Markets decreased their price objective on shares of Docebo from $36.00 to $35.00 and set an “outperform” rating on the stock in a research report on Monday. Needham & Company LLC reaffirmed a “buy” rating and set a $31.00 price objective on shares of Docebo in a research note on Friday, July 17th. Wall Street Zen downgraded shares of Docebo from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $28.00 target price on shares of Docebo in a report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.08.

Docebo Stock Performance

NASDAQ:DCBO opened at $18.99 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.85 and a current ratio of 0.85. Docebo has a fifty-two week low of $14.39 and a fifty-two week high of $33.42. The firm has a market cap of $477.41 million, a PE ratio of 16.37 and a beta of 1.27. The business has a 50 day moving average price of $17.99 and a 200-day moving average price of $18.41.

Institutional Investors Weigh In On Docebo

A number of large investors have recently modified their holdings of DCBO. Northwest & Ethical Investments L.P. bought a new position in Docebo in the fourth quarter worth about $27,000. NewEdge Advisors LLC boosted 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 valued at $69,000 after acquiring an additional 3,646 shares in the last quarter. State of Wyoming purchased a new position in shares of Docebo during the 4th quarter worth approximately $72,000. Deutsche Bank AG grew its holdings 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 acquiring an additional 881 shares during the period. Finally, DGS Capital Management LLC purchased a new position in shares of Docebo during the 1st quarter worth approximately $178,000. 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.