Docebo (NASDAQ:DCBO) Stock Rating Lowered by Zacks Research

Docebo (NASDAQ:DCBO) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other research analysts have also issued reports on DCBO. National Bankshares dropped their price target on shares of Docebo from $35.00 to $31.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 23rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Docebo in a research report on Wednesday, October 8th. TD Cowen reissued a “buy” rating and set a $37.00 target price on shares of Docebo in a research note on Friday, October 3rd. TD Securities assumed coverage on Docebo in a research note on Friday, October 3rd. They issued a “buy” rating and a $37.00 price target on the stock. Finally, Oppenheimer began coverage on Docebo in a report on Wednesday. They set an “outperform” rating and a $35.00 price objective on the stock. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.27.

Docebo Stock Performance

Shares of DCBO opened at $24.36 on Wednesday. The stock has a market capitalization of $699.98 million, a P/E ratio of 35.30 and a beta of 1.44. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.04 and a current ratio of 1.04. Docebo has a 1 year low of $24.22 and a 1 year high of $53.86. The company’s fifty day moving average is $28.21 and its two-hundred day moving average is $28.80.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Essex Investment Management Co. LLC raised its stake in shares of Docebo by 48.3% during the 3rd quarter. Essex Investment Management Co. LLC now owns 103,346 shares of the company’s stock worth $2,824,000 after buying an additional 33,651 shares during the last quarter. Renaissance Group LLC purchased a new position in Docebo during the 3rd quarter valued at about $1,071,000. Envestnet Asset Management Inc. acquired a new position in Docebo during the third quarter worth about $823,000. TD Waterhouse Canada Inc. lifted its holdings in shares of Docebo by 39.5% in the third quarter. TD Waterhouse Canada Inc. now owns 6,380 shares of the company’s stock valued at $172,000 after purchasing an additional 1,805 shares in the last quarter. Finally, Topline Capital Management LLC purchased a new stake in shares of Docebo in the second quarter valued at about $1,599,000. Hedge funds and other institutional investors own 53.17% of the company’s stock.

About Docebo

Docebo Inc operates as a learning management software company that provides artificial intelligence (AI)-powered learning platform in North America and internationally. It offers Learning Management System (LMS) to train internal and external workforces, partners, and customers. The company's cloud platform consists of a learning suite, which includes Docebo Learn LMS, a cloud-based learning platform that allows learning administrators to deliver personalized learning; Docebo Shape, an AI-based learning content creation tool, which enables learning administrators to turn internal and external resources into engaging, multilingual, and microlearning content to share across the business; Docebo Content that allows off-the-shelf learning content by partnering content specialist; Docebo Learning Impact, a learning measurement tool that enables administrators to prove and improve training programs; Docebo Learn Data, which gives a comprehensive view on learning data to business results; Docebo Connect that connects Docebo to custom tech stack and making integrations; and Docebo Flow that allows businesses to directly inject learning into the flow of work.