Docebo (NASDAQ:DCBO) Price Target Lowered to $45.00 at Scotiabank

Docebo (NASDAQ:DCBO) had its target price lowered by Scotiabank from $55.00 to $45.00 in a research report released on Tuesday morning,Benzinga reports. The firm currently has a sector outperform rating on the stock.

Several other research firms have also issued reports on DCBO. Craig Hallum raised their price target on Docebo from $58.00 to $62.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Atb Cap Markets upgraded Docebo from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 28th. Finally, Needham & Company LLC raised 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 analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $55.60.

Docebo Price Performance

Shares of Docebo stock opened at $31.09 on Tuesday. 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 firm has a market capitalization of $941.41 million, a PE ratio of 53.60 and a beta of 1.55. The business’s 50-day moving average price is $41.86 and its 200-day moving average price is $44.56. Docebo has a 12 month low of $27.61 and a 12 month high of $54.00.

Institutional Investors Weigh In On Docebo

A number of large investors have recently made changes to their positions in DCBO. Intact Investment Management Inc. purchased a new position in shares of Docebo in the 3rd quarter valued at approximately $3,319,000. Plato Investment Management Ltd purchased a new position in Docebo during the third quarter valued at $35,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Docebo by 7.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 236,825 shares of the company’s stock valued at $10,449,000 after buying an additional 15,800 shares in the last quarter. Long Path Partners LP grew its position in shares of Docebo by 6.6% in the 3rd quarter. Long Path Partners LP now owns 731,299 shares of the company’s stock worth $32,323,000 after buying an additional 45,022 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Docebo by 2.7% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 201,935 shares of the company’s stock worth $8,917,000 after acquiring an additional 5,347 shares in the last quarter. 53.17% of the stock is currently owned by institutional investors.

About Docebo

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.