Docebo (NASDAQ:DCBO) Price Target Raised to $24.00

Docebo (NASDAQ:DCBO) had its price target boosted by National Bank Financial from $22.00 to $24.00 in a research note released on Monday,BayStreet.CA reports. National Bank Financial currently has a sector perform rating on the stock.

DCBO has been the topic of a number of other reports. ATB Cormark Capital Markets dropped their target price on Docebo from $36.00 to $35.00 and set an “outperform” rating on the stock in a research report on Monday, July 20th. Wall Street Zen raised Docebo from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Needham & Company LLC reiterated a “buy” rating and set a $31.00 price target on shares of Docebo in a research report on Friday, July 17th. Zacks Research lowered Docebo from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 21st. Finally, Weiss Ratings cut Docebo from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Docebo currently has an average rating of “Moderate Buy” and an average price target of $31.23.

Docebo Stock Down 4.1%

DCBO opened at $22.11 on Monday. The company has a fifty day moving average of $18.98 and a two-hundred day moving average of $18.47. The stock has a market capitalization of $550.32 million, a price-to-earnings ratio of 19.39 and a beta of 1.24. Docebo has a fifty-two week low of $14.39 and a fifty-two week high of $32.35. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.85 and a current ratio of 0.85.

Institutional Trading of Docebo

A number of institutional investors and hedge funds have recently modified their holdings of DCBO. NewGen Asset Management Ltd acquired a new position in shares of Docebo during the first quarter valued at approximately $1,558,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Docebo by 16.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 615,587 shares of the company’s stock worth $10,775,000 after acquiring an additional 86,038 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new stake in shares of Docebo in the fourth quarter worth approximately $883,000. State of Wyoming purchased a new stake in shares of Docebo during the second quarter worth approximately $137,000. Finally, NewEdge Advisors LLC increased its position in shares of Docebo by 1,101.5% during the first quarter. NewEdge Advisors LLC now owns 3,977 shares of the company’s stock worth $69,000 after purchasing an additional 3,646 shares in the last quarter. 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.