Docebo (NASDAQ:DCBO) Price Target Cut to $31.00 by Analysts at National Bankshares

Key Points

• Docebo's price target has been lowered by National Bankshares from $35.00 to $31.00, with a current "sector perform" rating indicating a potential upside of 11.27% from its previous close.
• Various analysts have differing views on Docebo, with ratings ranging from "strong buy" to "hold", resulting in an average price target of $40.11.
• Docebo's stock is currently trading at $27.86, having increased by 2.8% recently, and the company has a market cap of $800.28 million.

Docebo (NASDAQ:DCBO - Get Free Report) had its price target lowered by analysts at National Bankshares from $35.00 to $31.00 in a report released on Thursday,BayStreet.CA reports. The brokerage presently has a "sector perform" rating on the stock. National Bankshares' target price points to a potential upside of 11.27% from the company's previous close.

Several other research analysts have also issued reports on the company. Weiss Ratings restated a "hold (c-)" rating on shares of Docebo in a research report on Wednesday, October 8th. TD Cowen reaffirmed a "buy" rating and issued a $37.00 price target on shares of Docebo in a report on Friday, October 3rd. Zacks Research raised shares of Docebo from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 7th. TD Securities initiated coverage on shares of Docebo in a report on Friday, October 3rd. They issued a "buy" rating and a $37.00 price target on the stock. Finally, Wall Street Zen raised shares of Docebo from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Docebo has an average rating of "Moderate Buy" and an average price target of $40.11.

Docebo Trading Up 2.8%

DCBO traded up $0.77 on Thursday, hitting $27.86. The company had a trading volume of 53,411 shares, compared to its average volume of 84,266. The company has a market cap of $800.28 million, a PE ratio of 40.37 and a beta of 1.45. Docebo has a 12-month low of $25.50 and a 12-month high of $53.86. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.01. The business's fifty day simple moving average is $29.27 and its 200 day simple moving average is $29.02.

Institutional Investors Weigh In On Docebo

Several hedge funds have recently added to or reduced their stakes in the business. Topline Capital Management LLC purchased a new stake in Docebo in the second quarter valued at $1,599,000. Man Group plc boosted its holdings in Docebo by 118.8% in the second quarter. Man Group plc now owns 131,699 shares of the company's stock valued at $3,810,000 after purchasing an additional 71,499 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in Docebo by 15.8% in the second quarter. Lazard Asset Management LLC now owns 71,650 shares of the company's stock valued at $2,073,000 after purchasing an additional 9,759 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Docebo by 10.9% in the second quarter. BNP Paribas Financial Markets now owns 26,560 shares of the company's stock valued at $769,000 after purchasing an additional 2,607 shares during the last quarter. Finally, Balyasny Asset Management L.P. boosted its holdings in Docebo by 55.8% in the second quarter. Balyasny Asset Management L.P. now owns 14,034 shares of the company's stock valued at $406,000 after purchasing an additional 5,029 shares during the last quarter. 53.17% of the stock is owned by hedge funds and other institutional investors.

Docebo Company Profile

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.

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