Docebo (NASDAQ:DCBO) Trading Down 6.7% – What’s Next?

Docebo Inc. (NASDAQ:DCBO)’s share price dropped 6.7% on Monday . The company traded as low as $19.53 and last traded at $19.7730. Approximately 60,913 shares were traded during trading, a decline of 69% from the average daily volume of 194,125 shares. The stock had previously closed at $21.20.

Wall Street Analyst Weigh In

DCBO has been the topic of a number of recent research reports. Scotiabank cut their price target on shares of Docebo from $32.00 to $25.00 and set an “outperform” rating on the stock in a report on Monday, March 2nd. TD Securities upgraded shares of Docebo to a “strong-buy” rating in a research note on Thursday, January 15th. Oppenheimer reiterated an “outperform” rating and issued a $25.00 target price on shares of Docebo in a research note on Thursday, January 29th. Stifel Nicolaus lowered their target price on shares of Docebo from $34.00 to $28.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. Finally, Morgan Stanley lowered their target price on shares of Docebo from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Monday, March 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $30.92.

Docebo Stock Down 9.8%

The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market capitalization of $485.90 million, a price-to-earnings ratio of 16.49 and a beta of 1.31. The firm’s 50-day simple moving average is $18.16 and its 200-day simple moving average is $20.35.

Institutional Trading of Docebo

Several hedge funds and other institutional investors have recently bought and sold shares of DCBO. Northwest & Ethical Investments L.P. acquired a new stake in shares of Docebo during the 4th quarter valued at about $27,000. State of Wyoming acquired a new stake in shares of Docebo during the 4th quarter valued at about $72,000. Deutsche Bank AG boosted its position in shares of Docebo by 33.2% during the 4th quarter. Deutsche Bank AG now owns 3,533 shares of the company’s stock valued at $78,000 after acquiring an additional 881 shares in the last quarter. TD Waterhouse Canada Inc. boosted its position in shares of Docebo by 39.5% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 6,380 shares of the company’s stock valued at $172,000 after acquiring an additional 1,805 shares in the last quarter. Finally, DGS Capital Management LLC acquired a new stake in shares of Docebo during the 1st quarter valued at about $178,000. 53.17% of the stock is currently owned by institutional investors and hedge funds.

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.