Docebo (NASDAQ:DCBO) Rating Lowered to “Hold” at Wall Street Zen

by · The Markets Daily

Docebo (NASDAQ:DCBO – Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Sunday.

DCBO has been the subject of a number of other research reports. Zacks Research cut Docebo from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. CIBC dropped their target price on Docebo from $37.00 to $36.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. Atb Cap Markets raised shares of Docebo from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 10th. Oppenheimer assumed coverage on Docebo in a report on Wednesday, November 5th. They issued an “outperform” rating and a $35.00 price target for the company. Finally, Needham & Company LLC lowered their price objective on shares of Docebo from $42.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $36.20.

Get Our Latest Analysis on Docebo

Docebo Price Performance

NASDAQ:DCBO opened at $19.72 on Friday. The firm has a market capitalization of $566.67 million, a price-to-earnings ratio of 26.64 and a beta of 1.45. The business has a 50 day simple moving average of $21.67 and a 200-day simple moving average of $26.47. Docebo has a 1 year low of $19.51 and a 1 year high of $43.94. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.13 and a quick ratio of 1.13.

Hedge Funds Weigh In On Docebo

Several large investors have recently made changes to their positions in DCBO. Public Employees Retirement System of Ohio boosted its stake in Docebo by 7.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 11,444 shares of the company’s stock worth $331,000 after purchasing an additional 783 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Docebo by 0.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 552,271 shares of the company’s stock worth $16,006,000 after acquiring an additional 1,381 shares during the last quarter. Employees Retirement System of Texas acquired a new position in Docebo during the 2nd quarter worth approximately $44,000. TD Waterhouse Canada Inc. increased its position in shares of Docebo by 39.5% in the 3rd 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 during the last quarter. Finally, National Bank of Canada FI raised its holdings in shares of Docebo by 7.9% in the 3rd quarter. National Bank of Canada FI now owns 24,937 shares of the company’s stock valued at $675,000 after purchasing an additional 1,831 shares in the last quarter. 53.17% of the stock is currently owned by institutional investors and hedge funds.

Docebo Company Profile

(Get Free Report)

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.

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