Zacks Research downgraded shares of Docebo (NASDAQ:DCBO – Free Report) from a hold rating to a strong sell rating in a research note released on Tuesday,Zacks.com reports.
Several other equities research analysts have also weighed in on DCBO. National Bank Financial increased their target price on shares of Docebo from $21.00 to $22.00 and gave the stock a “sector perform” rating in a report on Monday. Needham & Company LLC reissued a “buy” rating and issued a $31.00 price target on shares of Docebo in a report on Friday, July 17th. Weiss Ratings upgraded shares of Docebo from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 8th. Wall Street Zen cut shares of Docebo from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Finally, ATB Cormark Capital Markets dropped their price objective on Docebo from $36.00 to $35.00 and set an “outperform” rating on the stock in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $31.08.
Read Our Latest Analysis on Docebo
Docebo Stock Performance
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the stock. Northwest & Ethical Investments L.P. bought a new stake in shares of Docebo during the fourth quarter worth $27,000. NewEdge Advisors LLC lifted its position in Docebo by 1,101.5% in the 1st quarter. NewEdge Advisors LLC now owns 3,977 shares of the company’s stock valued at $69,000 after acquiring an additional 3,646 shares in the last quarter. State of Wyoming bought a new stake in Docebo in the 4th quarter valued at $72,000. Deutsche Bank AG boosted its stake 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 purchasing an additional 881 shares during the period. Finally, DGS Capital Management LLC acquired a new position in Docebo in the 1st quarter worth $178,000. Institutional investors own 53.17% of the company’s stock.
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.
Recommended Stories
- Five stocks we like better than Docebo
- Could Truth API Become Trump Media’s First Meaningful Revenue Driver?
- Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying
- Moog Is More Than a Missile Maker, and Wall Street Is Noticing
- A Boring Dividend Growth Strategy Becomes a Solid Defensive Play
Receive News & Ratings for Docebo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Docebo and related companies with MarketBeat.com's FREE daily email newsletter.
