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

Wall Street Zen downgraded shares of Docebo (NASDAQ:DCBO) from a buy rating to a hold rating in a research note released on Saturday morning.

DCBO has been the subject of a number of other reports. National Bankshares reduced their price objective on shares of Docebo from $31.00 to $24.00 and set a “sector perform” rating for the company in a research note on Thursday, January 22nd. Needham & Company LLC reissued a “buy” rating and set a $38.00 price target on shares of Docebo in a research report on Thursday, January 29th. Canadian Imperial Bank of Commerce decreased their price target on Docebo from $37.00 to $36.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. ATB Capital upgraded Docebo to an “outperform” rating in a research note on Wednesday, December 10th. Finally, Zacks Research cut shares of Docebo from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Two investment 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $33.64.

Docebo Stock Performance

Shares of DCBO stock opened at $19.43 on Friday. Docebo has a 12 month low of $18.11 and a 12 month high of $43.40. The company’s fifty day simple moving average is $20.93 and its 200-day simple moving average is $25.32. The firm has a market cap of $558.61 million, a PE ratio of 26.26 and a beta of 1.40. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.05.

Hedge Funds Weigh In On Docebo

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Long Path Partners LP increased its holdings in shares of Docebo by 30.5% in the second quarter. Long Path Partners LP now owns 1,176,750 shares of the company’s stock valued at $34,055,000 after purchasing an additional 275,176 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Docebo by 0.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 554,383 shares of the company’s stock valued at $15,132,000 after buying an additional 2,112 shares during the last quarter. CIBC Asset Management Inc grew its stake in Docebo by 3.8% in the 2nd quarter. CIBC Asset Management Inc now owns 445,517 shares of the company’s stock valued at $12,915,000 after buying an additional 16,432 shares during the last quarter. Wellington Management Group LLP raised its holdings in Docebo by 45.1% in the 3rd quarter. Wellington Management Group LLP now owns 432,426 shares of the company’s stock valued at $11,818,000 after acquiring an additional 134,437 shares during the period. Finally, Bank of Montreal Can lifted its position in Docebo by 21.6% during the second quarter. Bank of Montreal Can now owns 399,152 shares of the company’s stock worth $11,577,000 after acquiring an additional 70,827 shares during the last quarter. 53.17% of the stock is owned by institutional investors.

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.