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

Docebo (NASDAQ:DCBO) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Tuesday,Zacks.com reports.

Other equities research analysts have also issued research reports about the company. National Bank Financial lifted their price objective on Docebo from $21.00 to $22.00 and gave the stock a “sector perform” rating in a report on Monday. Wall Street Zen lowered shares of Docebo from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $28.00 target price on shares of Docebo in a research note on Wednesday, April 22nd. Needham & Company LLC reissued a “buy” rating and issued a $31.00 price target on shares of Docebo in a research report on Friday, July 17th. Finally, Weiss Ratings raised shares of Docebo from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $31.08.

Docebo Stock Performance

Shares of DCBO opened at $19.54 on Tuesday. Docebo has a 1 year low of $14.39 and a 1 year high of $33.42. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.85 and a quick ratio of 0.85. The stock’s fifty day moving average price is $17.94 and its two-hundred day moving average price is $18.43. The firm has a market cap of $491.24 million, a PE ratio of 16.84 and a beta of 1.27.

Institutional Trading of Docebo

A number of institutional investors have recently added to or reduced their stakes in the stock. Deutsche Bank AG lifted its position in Docebo by 33.2% in the 4th quarter. Deutsche Bank AG now owns 3,533 shares of the company’s stock worth $78,000 after buying an additional 881 shares during the last quarter. Northwest & Ethical Investments L.P. bought a new position in Docebo during the fourth quarter valued at approximately $27,000. National Bank of Canada FI grew its position in Docebo by 7.9% during the third quarter. National Bank of Canada FI now owns 24,937 shares of the company’s stock valued at $675,000 after acquiring an additional 1,831 shares during the last quarter. Verition Fund Management LLC raised its stake in shares of Docebo by 13.7% during the fourth quarter. Verition Fund Management LLC now owns 16,039 shares of the company’s stock worth $356,000 after acquiring an additional 1,933 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Docebo by 0.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 554,383 shares of the company’s stock worth $15,132,000 after acquiring an additional 2,112 shares during the last quarter. Hedge funds and other 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.