Docebo (NASDAQ:DCBO) Price Target Cut to $45.00 by Analysts at Scotiabank

Docebo (NASDAQ:DCBO) had its price objective cut by equities research analysts at Scotiabank from $55.00 to $45.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “sector outperform” rating on the stock. Scotiabank’s price objective would indicate a potential upside of 38.04% from the company’s current price.

Other analysts also recently issued research reports about the stock. Atb Cap Markets raised shares of Docebo from a “hold” rating to a “strong-buy” rating in a research note on Friday. Needham & Company LLC raised their price target on Docebo from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, Craig Hallum upped their price objective on Docebo from $58.00 to $62.00 and gave the company a “buy” rating in a research report on Monday, November 11th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $55.60.

Docebo Trading Up 1.6 %

DCBO stock opened at $32.60 on Tuesday. Docebo has a twelve month low of $27.61 and a twelve month high of $54.74. The stock has a market capitalization of $987.13 million, a price-to-earnings ratio of 56.62 and a beta of 1.55. 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 firm’s fifty day simple moving average is $42.16 and its two-hundred day simple moving average is $44.64.

Institutional Trading of Docebo

Several large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in shares of Docebo by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 40,903 shares of the company’s stock worth $1,832,000 after purchasing an additional 360 shares during the last quarter. Grandeur Peak Global Advisors LLC increased its stake in shares of Docebo by 3.6% in the fourth quarter. Grandeur Peak Global Advisors LLC now owns 11,525 shares of the company’s stock worth $517,000 after acquiring an additional 400 shares during the period. Plato Investment Management Ltd acquired a new position in Docebo during the third quarter valued at $35,000. Tower Research Capital LLC TRC boosted its holdings in Docebo by 46.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,983 shares of the company’s stock valued at $134,000 after purchasing an additional 949 shares during the last quarter. Finally, Advisory Services Network LLC grew its position in Docebo by 10.5% during the 4th quarter. Advisory Services Network LLC now owns 16,065 shares of the company’s stock worth $720,000 after purchasing an additional 1,526 shares during the period. Hedge funds and other institutional investors own 53.17% of the company’s stock.

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.