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

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

A number of other equities research analysts also recently weighed in on DCBO. Craig Hallum reaffirmed a “buy” rating and set a $38.00 price objective on shares of Docebo in a report on Monday, March 2nd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Docebo in a report on Monday, March 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $28.00 price objective on shares of Docebo in a report on Wednesday, April 22nd. National Bank Financial decreased their price objective on Docebo from $31.00 to $24.00 and set a “sector perform” rating on the stock in a report on Thursday, January 22nd. Finally, Canaccord Genuity Group decreased their price objective on Docebo from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. Three investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $30.92.

Docebo Price Performance

NASDAQ DCBO opened at $21.20 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.03. The stock’s 50 day moving average is $18.16 and its two-hundred day moving average is $20.35. The company has a market capitalization of $538.48 million, a price-to-earnings ratio of 18.28 and a beta of 1.31. Docebo has a 1-year low of $14.39 and a 1-year high of $33.50.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Arrowstreet Capital Limited Partnership raised its stake in shares of Docebo by 0.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 554,383 shares of the company’s stock valued at $15,132,000 after acquiring an additional 2,112 shares during the last quarter. CIBC Asset Management Inc raised its stake in shares of Docebo by 3.8% in the second quarter. CIBC Asset Management Inc now owns 445,517 shares of the company’s stock valued at $12,915,000 after acquiring an additional 16,432 shares during the last quarter. Wellington Management Group LLP raised its position in Docebo by 1.2% in the 4th quarter. Wellington Management Group LLP now owns 437,595 shares of the company’s stock worth $9,715,000 after purchasing an additional 5,169 shares during the last quarter. Topline Capital Management LLC raised its position in Docebo by 484.9% in the 3rd quarter. Topline Capital Management LLC now owns 323,219 shares of the company’s stock worth $8,834,000 after purchasing an additional 267,962 shares during the last quarter. Finally, FIL Ltd raised its position in Docebo by 16.1% in the 4th quarter. FIL Ltd now owns 255,518 shares of the company’s stock worth $5,676,000 after purchasing an additional 35,445 shares during the last quarter. 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.