Docebo (NASDAQ:DCBO) Price Target Lowered to $40.00 at Scotiabank

Docebo (NASDAQ:DCBO) had its price target lowered by Scotiabank from $45.00 to $40.00 in a report published on Monday,Benzinga reports. The brokerage currently has a sector outperform rating on the stock.

DCBO has been the topic of several other research reports. 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 target on Docebo in a research note on Tuesday, March 4th. Morgan Stanley downgraded Docebo from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $41.00 to $32.00 in a research note on Monday. National Bank Financial downgraded Docebo from an “outperform” rating to a “sector perform” rating in a research note on Friday. Finally, Needham & Company LLC reissued a “buy” rating and issued a $42.00 price target on shares of Docebo in a research note on Thursday, April 10th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Docebo currently has a consensus rating of “Moderate Buy” and an average target price of $49.18.

Docebo Stock Performance

Shares of Docebo stock opened at $25.85 on Monday. The company has a market capitalization of $767.46 million, a PE ratio of 44.57 and a beta of 1.57. Docebo has a 12 month low of $25.50 and a 12 month high of $53.86. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01. The stock’s fifty day simple moving average is $29.92 and its 200 day simple moving average is $39.60.

Hedge Funds Weigh In On Docebo

Hedge funds and other institutional investors have recently modified their holdings of the stock. Hillsdale Investment Management Inc. boosted its stake in Docebo by 207.6% during the fourth quarter. Hillsdale Investment Management Inc. now owns 611,085 shares of the company’s stock worth $27,372,000 after acquiring an additional 412,403 shares in the last quarter. Artisan Partners Limited Partnership bought a new stake in Docebo during the fourth quarter worth about $17,163,000. Mackenzie Financial Corp boosted its stake in Docebo by 4,534.3% during the fourth quarter. Mackenzie Financial Corp now owns 322,454 shares of the company’s stock worth $14,444,000 after acquiring an additional 315,496 shares in the last quarter. TFJ Management LLC bought a new stake in Docebo during the fourth quarter worth about $12,138,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Docebo by 44.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 435,548 shares of the company’s stock worth $19,504,000 after acquiring an additional 134,867 shares in the last quarter. 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.