Docebo (NASDAQ:DCBO) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Docebo (NASDAQ:DCBO) from a buy rating to a hold rating in a research note published on Sunday morning.

Several other equities research analysts have also commented on the company. Zacks Research lowered Docebo from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Needham & Company LLC cut their price target on Docebo from $42.00 to $38.00 and set a “buy” rating for the company in a report on Friday, November 7th. TD Securities raised Docebo to a “strong-buy” rating in a research note on Thursday, January 15th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $35.00 price objective on shares of Docebo in a research report on Wednesday, December 24th. Finally, Oppenheimer began coverage on Docebo in a research note on Wednesday, November 5th. They set an “outperform” rating and a $35.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Docebo currently has an average rating of “Moderate Buy” and an average target price of $36.20.

Docebo Stock Performance

DCBO opened at $19.01 on Friday. The company’s 50 day moving average is $21.58 and its 200 day moving average is $26.39. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.05. The company has a market cap of $546.35 million, a price-to-earnings ratio of 25.69 and a beta of 1.45. Docebo has a 12-month low of $18.92 and a 12-month high of $43.94.

Institutional Investors Weigh In On Docebo

Several large investors have recently made changes to their positions in DCBO. JPMorgan Chase & Co. boosted its stake in Docebo by 141.9% during the third quarter. JPMorgan Chase & Co. now owns 27,321 shares of the company’s stock valued at $747,000 after buying an additional 16,027 shares during the last quarter. Verition Fund Management LLC raised its holdings in shares of Docebo by 71.4% during the 3rd quarter. Verition Fund Management LLC now owns 14,106 shares of the company’s stock worth $386,000 after acquiring an additional 5,878 shares in the last quarter. National Bank of Canada FI boosted its position in shares of Docebo by 7.9% during the 3rd 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. Centiva Capital LP purchased a new position in shares of Docebo in the third quarter valued at $204,000. Finally, Boothbay Fund Management LLC bought a new stake in Docebo in the third quarter worth $291,000. 53.17% of the stock is owned by institutional investors.

Docebo Company Profile

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.