Docebo (NASDAQ:DCBO) Stock Rating Lowered by National Bank Financial

Docebo (NASDAQ:DCBO) was downgraded by National Bank Financial from an “outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Friday, MarketBeat reports.

DCBO has been the subject of a number of other research reports. Atb Cap Markets raised Docebo from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th. Scotiabank reduced their target price on Docebo from $55.00 to $45.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, March 4th. National Bankshares reduced their target price on shares of Docebo from $55.00 to $45.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. Needham & Company LLC restated a “buy” rating and set a $42.00 price objective on shares of Docebo in a report on Thursday, April 10th. Finally, Morgan Stanley decreased their target price on shares of Docebo from $43.00 to $41.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Docebo has an average rating of “Moderate Buy” and an average target price of $50.45.

Docebo Stock Down 17.2 %

DCBO stock opened at $26.52 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market capitalization of $787.35 million, a PE ratio of 45.72 and a beta of 1.57. Docebo has a one year low of $26.00 and a one year high of $53.86. The company has a fifty day moving average of $30.06 and a 200-day moving average of $39.79.

Institutional Trading of Docebo

Large investors have recently bought and sold shares of the company. Y Intercept Hong Kong Ltd purchased a new position in shares of Docebo in the fourth quarter valued at $348,000. Barclays PLC acquired a new position in Docebo in the 3rd quarter worth $142,000. Russell Investments Group Ltd. boosted its position in Docebo by 102.1% in the 4th quarter. Russell Investments Group Ltd. now owns 28,689 shares of the company’s stock valued at $1,285,000 after buying an additional 14,496 shares during the last quarter. Alberta Investment Management Corp grew its stake in shares of Docebo by 47.9% during the fourth quarter. Alberta Investment Management Corp now owns 57,279 shares of the company’s stock valued at $2,567,000 after acquiring an additional 18,544 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Docebo during the fourth quarter worth about $132,000. Institutional investors and hedge funds own 53.17% of the company’s stock.

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.