Docebo (NASDAQ:DCBO) Price Target Raised to $24.00 at National Bank Financial

Docebo (NASDAQ:DCBO) had its target price boosted by investment analysts at National Bank Financial from $22.00 to $24.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s target price would suggest a potential upside of 1.60% from the stock’s previous close.

DCBO has been the topic of a number of other research reports. Needham & Company LLC restated a “buy” rating and set a $31.00 price objective on shares of Docebo in a research note on Friday, July 17th. Cantor Fitzgerald reissued an “overweight” rating and set a $28.00 target price on shares of Docebo in a report on Wednesday, April 22nd. Zacks Research cut Docebo from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 21st. Weiss Ratings downgraded Docebo from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, July 23rd. Finally, ATB Cormark Capital Markets dropped their price target on Docebo from $36.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $31.23.

Docebo Price Performance

Shares of NASDAQ DCBO traded up $1.32 during midday trading on Monday, reaching $23.62. The company’s stock had a trading volume of 102,747 shares, compared to its average volume of 163,324. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $587.93 million, a P/E ratio of 20.82 and a beta of 1.24. The business’s 50 day moving average price is $18.72 and its two-hundred day moving average price is $18.38. Docebo has a fifty-two week low of $14.39 and a fifty-two week high of $32.85.

Institutional Investors Weigh In On Docebo

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Northwest & Ethical Investments L.P. acquired a new position in Docebo during the 4th quarter worth approximately $27,000. State of Wyoming acquired a new stake in Docebo in the fourth quarter valued at approximately $72,000. Deutsche Bank AG grew its stake in shares of Docebo by 33.2% during the fourth quarter. Deutsche Bank AG now owns 3,533 shares of the company’s stock worth $78,000 after buying an additional 881 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Docebo by 1,101.5% during the first quarter. NewEdge Advisors LLC now owns 3,977 shares of the company’s stock worth $69,000 after buying an additional 3,646 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Docebo by 46.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,063 shares of the company’s stock worth $193,000 after buying an additional 2,248 shares in the last quarter. 53.17% of the stock is owned by institutional investors.

About Docebo

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.