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

Docebo (NASDAQ:DCBO) had its price target reduced by Scotiabank from $45.00 to $40.00 in a research note published on Monday,Benzinga reports. They currently have a sector outperform rating on the stock.

Several other analysts also recently weighed in on the stock. National Bank Financial downgraded shares of Docebo from an “outperform” rating to a “sector perform” rating in a report on Friday, May 9th. Atb Cap Markets raised shares of Docebo from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $42.00 target price on shares of Docebo in a report on Thursday, April 10th. Morgan Stanley downgraded shares of Docebo from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $41.00 to $32.00 in a report on Monday. Finally, UBS Group set a $45.00 target price on shares of Docebo in a report on Tuesday, March 4th. 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.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $45.43.

Docebo Trading Down 0.4%

NASDAQ DCBO opened at $26.48 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $786.16 million, a PE ratio of 45.66 and a beta of 1.57. Docebo has a one year low of $25.50 and a one year high of $53.86. The firm’s fifty day moving average is $29.72 and its two-hundred day moving average is $39.42.

Institutional Trading of Docebo

A number of institutional investors have recently added to or reduced their stakes in the stock. Long Path Partners LP boosted its holdings in Docebo by 21.8% during the first quarter. Long Path Partners LP now owns 901,574 shares of the company’s stock worth $25,884,000 after buying an additional 161,519 shares in the last quarter. Hillsdale Investment Management Inc. boosted its holdings 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 buying an additional 412,403 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings 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 buying an additional 134,867 shares in the last quarter. Artisan Partners Limited Partnership purchased a new stake in Docebo during the fourth quarter worth about $17,163,000. Finally, Mackenzie Financial Corp boosted its holdings in Docebo by 18.2% during the first quarter. Mackenzie Financial Corp now owns 381,156 shares of the company’s stock worth $10,962,000 after buying an additional 58,702 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.