Docebo (NASDAQ:DCBO) Given New $40.00 Price Target at Scotiabank

Docebo (NASDAQ:DCBO - Get Free Report) had its price objective cut by equities research analysts at Scotiabank from $45.00 to $40.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a "sector outperform" rating on the stock. Scotiabank's price objective would suggest a potential upside of 49.76% from the stock's current price.

Other research analysts have also recently issued reports about the company. National Bank Financial cut Docebo from an "outperform" rating to a "sector perform" rating in a research note on Friday, May 9th. Morgan Stanley lowered Docebo from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $41.00 to $32.00 in a report on Monday, May 12th. Atb Cap Markets raised Docebo from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. UBS Group set a $45.00 price objective on Docebo in a research note on Tuesday, March 4th. Finally, Needham & Company LLC reissued a "buy" rating and set a $42.00 price objective on shares of Docebo in a research note on Thursday, April 10th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $45.43.

Docebo Stock Up 1.0%

NASDAQ DCBO traded up $0.27 during trading on Monday, hitting $26.71. The company's stock had a trading volume of 116,102 shares, compared to its average volume of 85,300. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $791.50 million, a PE ratio of 46.05 and a beta of 1.57. The business's 50 day simple moving average is $29.59 and its 200-day simple moving average is $39.15. Docebo has a fifty-two week low of $25.50 and a fifty-two week high of $53.86.

Institutional Investors Weigh In On Docebo

Several institutional investors and hedge funds have recently modified their holdings of DCBO. Quantbot Technologies LP purchased a new stake in shares of Docebo in the 4th quarter valued at $132,000. Tower Research Capital LLC TRC raised its holdings in shares of Docebo by 46.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,983 shares of the company's stock valued at $134,000 after buying an additional 949 shares during the period. Barclays PLC purchased a new stake in shares of Docebo in the 3rd quarter valued at $142,000. Deutsche Bank AG purchased a new stake in shares of Docebo in the 4th quarter valued at $242,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Docebo in the 4th quarter valued at $255,000. Hedge funds and other institutional investors own 53.17% of the company's stock.

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.