Docebo (NASDAQ:DCBO) Lowered to "Hold" Rating by Atb Cap Markets

Docebo (NASDAQ:DCBO - Get Free Report) was downgraded by investment analysts at Atb Cap Markets from a "strong-buy" rating to a "hold" rating in a research note issued to investors on Sunday,Zacks.com reports. Atb Cap Markets also issued estimates for Docebo's FY2025 earnings at $0.95 EPS.

Several other research analysts have also recently weighed in on DCBO. Scotiabank lowered their price target on shares of Docebo from $45.00 to $40.00 and set a "sector outperform" rating on the stock in a research report on Monday. Needham & Company LLC reaffirmed a "buy" rating and issued a $42.00 target price on shares of Docebo in a research report on Thursday, April 10th. National Bank Financial cut shares of Docebo from an "outperform" rating to a "sector perform" rating in a research report on Friday. UBS Group set a $45.00 target price on shares of Docebo in a research report on Tuesday, March 4th. Finally, Morgan Stanley cut shares of Docebo from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $41.00 to $32.00 in a research report on Monday. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $49.18.

Docebo Trading Down 2.8%

Shares of DCBO opened at $25.85 on Friday. The firm's fifty day moving average is $29.92 and its two-hundred day moving average is $39.60. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The stock has a market cap of $767.46 million, a PE ratio of 44.57 and a beta of 1.57. Docebo has a 52-week low of $25.50 and a 52-week high of $53.86.

Hedge Funds Weigh In On Docebo

Hedge funds have recently added to or reduced their stakes in the stock. Nuveen LLC purchased a new position in shares of Docebo during the first quarter worth approximately $345,000. Aigen Investment Management LP purchased a new position in shares of Docebo during the first quarter worth approximately $263,000. PCJ Investment Counsel Ltd. grew its position in shares of Docebo by 7.8% during the first quarter. PCJ Investment Counsel Ltd. now owns 68,614 shares of the company's stock worth $1,974,000 after acquiring an additional 4,978 shares during the last quarter. Cumberland Partners Ltd grew its position in shares of Docebo by 33.3% during the first quarter. Cumberland Partners Ltd now owns 63,600 shares of the company's stock worth $1,829,000 after acquiring an additional 15,900 shares during the last quarter. Finally, Alberta Investment Management Corp grew its position in shares of Docebo by 19.8% during the first quarter. Alberta Investment Management Corp now owns 68,634 shares of the company's stock worth $1,974,000 after acquiring an additional 11,355 shares during the last quarter. 53.17% of the stock is currently owned by hedge funds and other institutional investors.

Docebo Company Profile

Docebo Inc operates as a learning management software company that provides artificial intelligence (AI)-powered learning platform in North America and internationally. It offers Learning Management System (LMS) to train internal and external workforces, partners, and customers. The company's cloud platform consists of a learning suite, which includes Docebo Learn LMS, a cloud-based learning platform that allows learning administrators to deliver personalized learning; Docebo Shape, an AI-based learning content creation tool, which enables learning administrators to turn internal and external resources into engaging, multilingual, and microlearning content to share across the business; Docebo Content that allows off-the-shelf learning content by partnering content specialist; Docebo Learning Impact, a learning measurement tool that enables administrators to prove and improve training programs; Docebo Learn Data, which gives a comprehensive view on learning data to business results; Docebo Connect that connects Docebo to custom tech stack and making integrations; and Docebo Flow that allows businesses to directly inject learning into the flow of work.

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