Scotiabank Has Lowered Expectations for Docebo (NASDAQ:DCBO) Stock Price

Docebo (NASDAQ:DCBO) had its price objective lowered by investment analysts at Scotiabank from $55.00 to $45.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “sector outperform” rating on the stock. Scotiabank’s target price would indicate a potential upside of 35.71% from the stock’s current price.

A number of other analysts also recently issued reports on DCBO. Craig Hallum lifted their target price on Docebo from $58.00 to $62.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Atb Cap Markets raised Docebo from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 28th. Finally, Needham & Company LLC boosted their price target on Docebo from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $55.60.

Docebo Stock Performance

Shares of Docebo stock opened at $33.16 on Tuesday. 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 stock’s 50-day moving average is $41.59 and its 200-day moving average is $44.48. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 57.17 and a beta of 1.55. Docebo has a one year low of $27.61 and a one year high of $54.00.

Institutional Investors Weigh In On Docebo

Institutional investors have recently made changes to their positions in the company. Plato Investment Management Ltd bought a new stake in shares of Docebo during the third quarter worth approximately $35,000. Quantbot Technologies LP bought a new stake in shares of Docebo in the fourth quarter valued at approximately $132,000. Tower Research Capital LLC TRC boosted its stake in shares of Docebo by 46.7% in the fourth 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 bought a new stake in shares of Docebo in the third quarter valued at approximately $142,000. Finally, Deutsche Bank AG bought a new stake in shares of Docebo in the fourth quarter valued at approximately $242,000. 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.