Docebo (NASDAQ:DCBO) Shares Down 9.6% - Should You Sell?

Key Points

• Shares down 9.6% — Docebo fell to $20.35 on Thursday on ~14% higher-than-average volume, trading above its 50-day moving average ($19.32) but below its 200-day ($23.44).
• Analyst views are mixed: the stock has a consensus "Moderate Buy" rating with a average price target of $30.92, but several recent target cuts and a Weiss downgrade to "sell" signal growing caution.
• Fundamentals and ownership: market capitalization is about $570 million with low leverage (debt/equity 0.03) and a PE of ~15.6, and institutional investors hold 53% of shares with Royal Bank of Canada recently boosting its stake significantly.

Docebo Inc. (NASDAQ:DCBO - Get Free Report) shares were down 9.6% during mid-day trading on Thursday . The company traded as low as $20.33 and last traded at $20.3510. Approximately 259,515 shares traded hands during mid-day trading, an increase of 14% from the average daily volume of 228,071 shares. The stock had previously closed at $22.51.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Canaccord Genuity Group reduced their price target on shares of Docebo from $40.00 to $36.00 and set a "buy" rating for the company in a research note on Monday, March 2nd. National Bank Financial cut their target price on Docebo from $31.00 to $24.00 and set a "sector perform" rating for the company in a research report on Thursday, January 22nd. ATB Cormark Capital Markets raised Docebo to an "outperform" rating in a research note on Wednesday, December 10th. Scotiabank cut their price target on shares of Docebo from $32.00 to $25.00 and set an "outperform" rating for the company in a report on Monday, March 2nd. Finally, Weiss Ratings cut shares of Docebo from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, December 31st. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Docebo has an average rating of "Moderate Buy" and a consensus price target of $30.92.

Docebo Trading Down 12.0%

The company has a debt-to-equity ratio of 0.03, a current ratio of 1.22 and a quick ratio of 1.22. The company has a fifty day moving average of $19.32 and a 200-day moving average of $23.44. The firm has a market capitalization of $569.81 million, a PE ratio of 15.59 and a beta of 1.44.

Institutional Trading of Docebo

A number of institutional investors and hedge funds have recently made changes to their positions in DCBO. Royal Bank of Canada boosted its position in Docebo by 467.1% during the first quarter. Royal Bank of Canada now owns 158,340 shares of the company's stock worth $4,546,000 after purchasing an additional 130,419 shares during the period. JPMorgan Chase & Co. lifted its position in Docebo by 29.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 11,294 shares of the company's stock worth $327,000 after acquiring an additional 2,546 shares during the last quarter. Employees Retirement System of Texas bought a new stake in Docebo during the second quarter valued at about $44,000. Quadrature Capital Ltd grew its position in shares of Docebo by 84.6% in the second quarter. Quadrature Capital Ltd now owns 86,200 shares of the company's stock valued at $2,487,000 after purchasing an additional 39,500 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Docebo by 0.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 552,271 shares of the company's stock worth $16,006,000 after purchasing an additional 1,381 shares during the period. Institutional investors and hedge funds 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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