Docebo (NASDAQ:DCBO) Trading Down 6.7% – What’s Next?

Docebo Inc. (NASDAQ:DCBO) shares were down 6.7% on Monday . The stock traded as low as $19.53 and last traded at $19.7730. Approximately 60,913 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 194,125 shares. The stock had previously closed at $21.20.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on DCBO shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Docebo in a research report on Monday, March 30th. TD Securities raised shares of Docebo to a “strong-buy” rating in a research report on Thursday, January 15th. Zacks Research raised shares of Docebo from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $28.00 price objective on shares of Docebo in a research report on Wednesday, April 22nd. Finally, Morgan Stanley lowered their price objective on shares of Docebo from $28.00 to $26.00 and set an “equal weight” rating for the company in a research report on Monday, March 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $30.92.

Docebo Trading Down 9.8%

The business’s 50 day moving average price is $18.16 and its two-hundred day moving average price is $20.35. The company has a market capitalization of $485.90 million, a price-to-earnings ratio of 16.49 and a beta of 1.31. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.22 and a current ratio of 1.22.

Institutional Investors Weigh In On Docebo

Hedge funds have recently bought and sold shares of the business. Topline Capital Management LLC lifted 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 buying an additional 267,962 shares in the last quarter. Wellington Management Group LLP lifted its position in 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 buying an additional 134,437 shares in the last quarter. Royal Bank of Canada lifted its position in Docebo by 467.1% in the 1st quarter. Royal Bank of Canada now owns 158,340 shares of the company’s stock worth $4,546,000 after buying an additional 130,419 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Docebo by 137.2% during the 4th quarter. Millennium Management LLC now owns 213,444 shares of the company’s stock valued at $4,741,000 after purchasing an additional 123,473 shares in the last quarter. Finally, Two Sigma Investments LP raised its holdings in shares of Docebo by 211.3% during the 3rd quarter. Two Sigma Investments LP now owns 160,772 shares of the company’s stock valued at $4,394,000 after purchasing an additional 109,128 shares in 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.