Docebo (NASDAQ:DCBO) Rating Lowered to “Strong Sell” at Zacks Research

Docebo (NASDAQ:DCBO) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Tuesday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the company. Wall Street Zen downgraded Docebo from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. National Bank Financial increased their price target on Docebo from $21.00 to $22.00 and gave the stock a “sector perform” rating in a report on Monday. Weiss Ratings raised Docebo from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 8th. ATB Cormark Capital Markets reduced their price objective on shares of Docebo from $36.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $28.00 target price on shares of Docebo in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Docebo presently has an average rating of “Moderate Buy” and an average target price of $31.08.

Docebo Trading Up 0.9%

DCBO opened at $19.54 on Tuesday. Docebo has a one year low of $14.39 and a one year high of $33.42. The stock has a market capitalization of $491.24 million, a PE ratio of 16.84 and a beta of 1.27. The business’s 50 day moving average price is $17.94 and its 200 day moving average price is $18.43. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.85 and a current ratio of 0.85.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Deutsche Bank AG boosted its stake in shares of Docebo by 33.2% in the 4th quarter. Deutsche Bank AG now owns 3,533 shares of the company’s stock valued at $78,000 after buying an additional 881 shares during the period. Northwest & Ethical Investments L.P. purchased a new stake in shares of Docebo during the fourth quarter worth approximately $27,000. National Bank of Canada FI increased its stake in shares of Docebo by 7.9% during the third quarter. National Bank of Canada FI now owns 24,937 shares of the company’s stock worth $675,000 after buying an additional 1,831 shares during the period. Verition Fund Management LLC raised its holdings in Docebo by 13.7% in the fourth quarter. Verition Fund Management LLC now owns 16,039 shares of the company’s stock valued at $356,000 after acquiring an additional 1,933 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Docebo by 0.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 554,383 shares of the company’s stock valued at $15,132,000 after acquiring an additional 2,112 shares in the last quarter. 53.17% of the stock is currently owned by institutional investors and hedge funds.

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.