Docebo (NASDAQ:DCBO) Lowered to Buy Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Docebo from “strong-buy” to “buy” in a Saturday research note, adding to a mixed analyst picture on the stock.
• Other analysts remain divided: Docebo has recent upgrades from Zacks Research and TD Securities, while Weiss Ratings reiterated a sell. MarketBeat says the overall consensus is still a “Moderate Buy” with a target price of $30.92.
• Docebo shares were up 1.1% to $21.20, below the consensus target and within a 52-week range of $14.39 to $33.50. The company has a market cap of about $544.8 million, and institutional investors own 53.17% of the stock.

Docebo (NASDAQ:DCBO - Get Free Report) was downgraded by Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued to investors on Saturday.

Other research analysts have also issued research reports about the company. Zacks Research raised Docebo from a "hold" rating to a "strong-buy" rating in a report on Friday, April 24th. Weiss Ratings reissued a "sell (d+)" rating on shares of Docebo in a report on Monday, March 30th. Needham & Company LLC reissued a "buy" rating and set a $31.00 price objective on shares of Docebo in a report on Wednesday, April 22nd. Craig Hallum reissued a "buy" rating and set a $38.00 price objective on shares of Docebo in a report on Monday, March 2nd. Finally, TD Securities raised Docebo to a "strong-buy" rating in a report on Thursday, January 15th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Docebo presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.92.

Docebo Stock Up 1.1%

Shares of NASDAQ DCBO opened at $21.20 on Friday. Docebo has a 12 month low of $14.39 and a 12 month high of $33.50. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $544.76 million, a price-to-earnings ratio of 16.69 and a beta of 1.31. The business has a 50-day moving average of $18.16 and a 200-day moving average of $20.35.

Institutional Trading of Docebo

Several hedge funds and other institutional investors have recently bought and sold shares of DCBO. Topline Capital Management LLC boosted its stake in Docebo by 484.9% in the third quarter. Topline Capital Management LLC now owns 323,219 shares of the company's stock worth $8,834,000 after buying an additional 267,962 shares in the last quarter. Wellington Management Group LLP boosted its stake in Docebo by 45.1% in the third quarter. Wellington Management Group LLP now owns 432,426 shares of the company's stock worth $11,818,000 after buying an additional 134,437 shares in the last quarter. Royal Bank of Canada boosted its stake in Docebo by 467.1% in the first quarter. Royal Bank of Canada now owns 158,340 shares of the company's stock worth $4,546,000 after buying an additional 130,419 shares in the last quarter. Millennium Management LLC boosted its stake in Docebo by 137.2% in the fourth quarter. Millennium Management LLC now owns 213,444 shares of the company's stock worth $4,741,000 after buying an additional 123,473 shares in the last quarter. Finally, Two Sigma Investments LP boosted its stake in Docebo by 211.3% in the third quarter. Two Sigma Investments LP now owns 160,772 shares of the company's stock worth $4,394,000 after buying an additional 109,128 shares in the last quarter. Hedge funds and other institutional investors own 53.17% of the company's stock.

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.

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