ATB Cormark Capital Markets Cuts Docebo (NASDAQ:DCBO) Price Target to $35.00

Docebo (NASDAQ:DCBO) had its target price decreased by ATB Cormark Capital Markets from $36.00 to $35.00 in a report released on Monday morning,BayStreet.CA reports. ATB Cormark Capital Markets currently has an outperform rating on the stock.

Other analysts also recently issued research reports about the stock. National Bank Financial reduced their price target on shares of Docebo from $24.00 to $21.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 27th. Cantor Fitzgerald restated an “overweight” rating and set a $28.00 price objective on shares of Docebo in a report on Wednesday, April 22nd. Zacks Research lowered shares of Docebo from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Weiss Ratings upgraded shares of Docebo from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 8th. Finally, Needham & Company LLC reissued a “buy” rating and set a $31.00 target price on shares of Docebo in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $31.08.

Docebo Trading Up 0.9%

NASDAQ DCBO opened at $19.54 on Monday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.03. Docebo has a 52 week low of $14.39 and a 52 week high of $33.42. The business has a 50 day moving average price of $17.94 and a 200-day moving average price of $18.43. The company has a market cap of $491.24 million, a price-to-earnings ratio of 16.84 and a beta of 1.27.

Hedge Funds Weigh In On Docebo

Several large investors have recently bought and sold shares of DCBO. NewGen Asset Management Ltd purchased a new stake in shares of Docebo in the first quarter valued at about $1,558,000. Hillsdale Investment Management Inc. purchased a new position in Docebo during the fourth quarter worth about $883,000. Northwest & Ethical Investments L.P. purchased a new position in Docebo during the fourth quarter worth about $27,000. DGS Capital Management LLC bought a new stake in Docebo in the 1st quarter worth about $178,000. Finally, Turtle Creek Asset Management Inc. grew its position in Docebo by 38.6% in the 1st quarter. Turtle Creek Asset Management Inc. now owns 21,200 shares of the company’s stock worth $370,000 after purchasing an additional 5,900 shares in the last quarter. 53.17% of the stock is currently owned by institutional investors.

Docebo Company Profile

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.