Docebo (NASDAQ:DCBO) Price Target Raised to $22.00

Docebo (NASDAQ:DCBO) had its target price raised by National Bank Financial from $21.00 to $22.00 in a report issued on Monday morning,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

DCBO has been the topic of a number of other research reports. ATB Cormark Capital Markets reduced their target price on Docebo from $36.00 to $35.00 and set an “outperform” rating on the stock in a research note on Monday. Needham & Company LLC restated a “buy” rating and set a $31.00 price target on shares of Docebo in a research report on Friday, July 17th. Zacks Research lowered Docebo from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Wall Street Zen lowered Docebo from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $28.00 price objective on shares of Docebo in a report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Docebo has an average rating of “Moderate Buy” and an average price target of $31.08.

Docebo Stock Performance

Docebo stock opened at $19.54 on Monday. The firm’s fifty day moving average price is $17.94 and its 200-day moving average price is $18.43. 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 stock has a market cap of $491.24 million, a P/E ratio of 16.84 and a beta of 1.27. Docebo has a fifty-two week low of $14.39 and a fifty-two week high of $33.42.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC increased its holdings in shares of Docebo by 1,101.5% in 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 period. Turtle Creek Asset Management Inc. boosted its holdings in Docebo by 38.6% during the 1st quarter. Turtle Creek Asset Management Inc. now owns 21,200 shares of the company’s stock valued at $370,000 after acquiring an additional 5,900 shares during the period. Lazard Asset Management LLC boosted its holdings in Docebo by 74.4% during the 1st quarter. Lazard Asset Management LLC now owns 28,458 shares of the company’s stock valued at $498,000 after acquiring an additional 12,141 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Docebo by 16.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 615,587 shares of the company’s stock worth $10,775,000 after acquiring an additional 86,038 shares during the last quarter. Finally, Sei Investments Co. grew its position in Docebo by 211.7% during the 1st quarter. Sei Investments Co. now owns 56,034 shares of the company’s stock worth $979,000 after acquiring an additional 38,058 shares during 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.