Docebo (NASDAQ:DCBO) Given New $21.00 Price Target at National Bank Financial

Docebo (NASDAQ:DCBO) had its price target decreased by research analysts at National Bank Financial from $24.00 to $21.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price objective would suggest a potential upside of 21.91% from the company’s current price.

Other equities analysts also recently issued reports about the company. Needham & Company LLC restated a “buy” rating and issued a $31.00 price objective on shares of Docebo in a research report on Wednesday, April 22nd. Weiss Ratings downgraded Docebo from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 11th. UBS Group restated a “buy” rating on shares of Docebo in a research report on Monday, March 2nd. Cantor Fitzgerald restated an “overweight” rating and issued a $28.00 price objective on shares of Docebo in a research report on Wednesday, April 22nd. Finally, Zacks Research downgraded Docebo from a “strong-buy” rating to a “hold” rating in a research report on Monday. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Docebo has a consensus rating of “Moderate Buy” and a consensus target price of $30.67.

Docebo Price Performance

Shares of Docebo stock traded down $0.14 during trading hours on Wednesday, hitting $17.23. The company’s stock had a trading volume of 61,268 shares, compared to its average volume of 196,161. The business has a 50 day moving average price of $17.87 and a two-hundred day moving average price of $19.54. Docebo has a 12-month low of $14.39 and a 12-month high of $33.42. The company has a market cap of $437.45 million, a PE ratio of 14.86 and a beta of 1.31. 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 Investors Weigh In On Docebo

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Turtle Creek Asset Management Inc. raised its position in Docebo by 38.6% during the first quarter. Turtle Creek Asset Management Inc. now owns 21,200 shares of the company’s stock valued at $370,000 after purchasing an additional 5,900 shares during the period. Lazard Asset Management LLC raised its position in Docebo by 74.4% during the first quarter. Lazard Asset Management LLC now owns 28,458 shares of the company’s stock valued at $498,000 after purchasing an additional 12,141 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Docebo by 16.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 615,587 shares of the company’s stock valued at $10,775,000 after purchasing an additional 86,038 shares during the period. Sei Investments Co. raised its position in Docebo by 211.7% during the first quarter. Sei Investments Co. now owns 56,034 shares of the company’s stock valued at $979,000 after purchasing an additional 38,058 shares during the period. Finally, State of Wyoming raised its position in Docebo by 294.5% during the first quarter. State of Wyoming now owns 12,791 shares of the company’s stock valued at $223,000 after purchasing an additional 9,549 shares during the period. 53.17% of the stock is currently owned by hedge funds and other institutional investors.

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.