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

Atb Cap Markets cut shares of Docebo (NASDAQ:DCBO) from a strong-buy rating to a hold rating in a research note released on Sunday morning,Zacks.com reports. Atb Cap Markets also issued estimates for Docebo’s FY2025 earnings at $0.95 EPS.

A number of other research firms have also recently commented on DCBO. Needham & Company LLC reiterated a “buy” rating and set a $42.00 price objective on shares of Docebo in a research report on Thursday, April 10th. Morgan Stanley lowered shares of Docebo from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $41.00 to $32.00 in a research report on Monday. Scotiabank dropped their price objective on shares of Docebo from $45.00 to $40.00 and set a “sector outperform” rating for the company in a research note on Monday. National Bankshares dropped their target price on shares of Docebo from $55.00 to $45.00 and set an “outperform” rating for the company in a research report on Friday, April 25th. Finally, UBS Group set a $45.00 target price on shares of Docebo in a research note on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.63.

Docebo Stock Up 2.9%

Docebo stock opened at $26.59 on Friday. Docebo has a fifty-two week low of $25.50 and a fifty-two week high of $53.86. The firm has a market capitalization of $789.43 million, a price-to-earnings ratio of 45.84 and a beta of 1.57. The stock’s fifty day moving average is $29.81 and its two-hundred day moving average is $39.51. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.13 and a current ratio of 1.13.

Institutional Investors Weigh In On Docebo

A number of hedge funds and other institutional investors have recently modified their holdings of DCBO. Quantbot Technologies LP bought a new position in shares of Docebo in the fourth quarter valued at approximately $132,000. Tower Research Capital LLC TRC lifted its position in Docebo by 46.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,983 shares of the company’s stock worth $134,000 after purchasing an additional 949 shares during the period. Barclays PLC acquired a new position in shares of Docebo during the 3rd quarter valued at $142,000. Deutsche Bank AG bought a new stake in shares of Docebo in the 4th quarter worth $242,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Docebo in the fourth quarter valued at $255,000. 53.17% of the stock is currently owned by institutional investors.

About Docebo

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.