Docebo (NASDAQ:DCBO) Trading Down 1.5% – Should You Sell?

Shares of Docebo Inc. (NASDAQ:DCBO) were down 1.5% during mid-day trading on Wednesday . The company traded as low as $17.88 and last traded at $18.48. 28,243 shares were traded during trading, a decline of 60% from the average daily volume of 70,223 shares. The stock had previously closed at $18.76.

Wall Street Analyst Weigh In

DCBO has been the subject of several analyst reports. Wall Street Zen downgraded Docebo from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Weiss Ratings upgraded Docebo from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday. Cantor Fitzgerald reissued an “overweight” rating and issued a $28.00 price target on shares of Docebo in a research report on Wednesday, April 22nd. Zacks Research cut Docebo from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Finally, National Bank Financial cut their price objective on shares of Docebo from $24.00 to $21.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 27th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $30.67.

Docebo Trading Up 1.2%

The company has a debt-to-equity ratio of 0.03, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization of $472.88 million, a P/E ratio of 16.22 and a beta of 1.27. The firm has a fifty day moving average price of $17.98 and a 200-day moving average price of $18.64.

Institutional Trading of Docebo

A number of large investors have recently added to or reduced their stakes in the stock. Northwest & Ethical Investments L.P. bought a new position in shares of Docebo during the 4th quarter valued at approximately $27,000. State of Wyoming bought a new position in Docebo during the fourth quarter valued at $72,000. Deutsche Bank AG increased its position in Docebo by 33.2% in the fourth quarter. Deutsche Bank AG now owns 3,533 shares of the company’s stock worth $78,000 after buying an additional 881 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of Docebo by 1,101.5% in the first quarter. NewEdge Advisors LLC now owns 3,977 shares of the company’s stock valued at $69,000 after buying an additional 3,646 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Docebo by 46.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,063 shares of the company’s stock valued at $193,000 after buying an additional 2,248 shares during the period. 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.