Docebo (NASDAQ:DCBO) Hits New 52-Week Low – Here’s What Happened

Docebo Inc. (NASDAQ:DCBO) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $27.21 and last traded at $28.49, with a volume of 242 shares changing hands. The stock had previously closed at $29.29.

Analyst Ratings Changes

DCBO has been the subject of several recent analyst reports. Scotiabank reduced their price objective on shares of Docebo from $55.00 to $45.00 and set a “sector outperform” rating for the company in a research report on Tuesday, March 4th. UBS Group set a $45.00 target price on shares of Docebo in a research note on Tuesday, March 4th. Morgan Stanley set a $43.00 price target on shares of Docebo in a research note on Friday, February 28th. Finally, Atb Cap Markets raised shares of Docebo from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 28th. One investment 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. According to MarketBeat, Docebo has a consensus rating of “Buy” and an average target price of $53.18.

Docebo Trading Up 3.0 %

The stock has a market capitalization of $895.50 million, a PE ratio of 51.00 and a beta of 1.60. 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 has a 50 day moving average price of $36.43 and a 200 day moving average price of $42.79.

Hedge Funds Weigh In On Docebo

Several large investors have recently bought and sold shares of DCBO. Warburg Pincus LLC grew its stake in shares of Docebo by 5.7% in the 3rd quarter. Warburg Pincus LLC now owns 3,546,597 shares of the company’s stock worth $156,760,000 after acquiring an additional 190,434 shares in the last quarter. Long Path Partners LP boosted its holdings in Docebo by 1.2% during the fourth quarter. Long Path Partners LP now owns 740,055 shares of the company’s stock worth $33,132,000 after purchasing an additional 8,756 shares during the last quarter. Hillsdale Investment Management Inc. grew its position in Docebo by 207.6% in the 4th quarter. Hillsdale Investment Management Inc. now owns 611,085 shares of the company’s stock worth $27,372,000 after purchasing an additional 412,403 shares in the last quarter. Wellington Management Group LLP increased its stake in Docebo by 1,047.0% in the 3rd quarter. Wellington Management Group LLP now owns 599,976 shares of the company’s stock valued at $26,518,000 after buying an additional 547,666 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Docebo by 44.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 435,548 shares of the company’s stock worth $19,504,000 after buying an additional 134,867 shares in the last quarter. 53.17% of the stock is currently owned by institutional investors.

About Docebo

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.