ATB Cormark Capital Markets Issues Pessimistic Forecast for Docebo (NASDAQ:DCBO) Stock Price

Docebo (NASDAQ:DCBO) had its target price cut by equities researchers at ATB Cormark Capital Markets from $36.00 to $35.00 in a report released on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ target price points to a potential upside of 80.79% from the company’s current price.

Several other equities analysts also recently commented on the stock. National Bank Financial dropped their price objective on shares of Docebo from $24.00 to $21.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 27th. Zacks Research downgraded shares of Docebo from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Wall Street Zen lowered shares of Docebo from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Weiss Ratings raised shares of Docebo from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 8th. Finally, Needham & Company LLC restated a “buy” rating and set a $31.00 price objective on shares of Docebo in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Docebo has an average rating of “Moderate Buy” and a consensus price target of $31.08.

Docebo Stock Performance

Shares of NASDAQ DCBO opened at $19.36 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $486.71 million, a P/E ratio of 16.69 and a beta of 1.27. Docebo has a 12 month low of $14.39 and a 12 month high of $33.42. The stock has a 50 day moving average of $17.88 and a 200-day moving average of $18.45.

Institutional Investors Weigh In On Docebo

Large investors have recently bought and sold shares of the company. Northwest & Ethical Investments L.P. acquired a new position in Docebo during the fourth quarter valued at approximately $27,000. NewEdge Advisors LLC lifted its stake in 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 purchasing an additional 3,646 shares during the last quarter. State of Wyoming acquired a new stake in shares of Docebo in the 4th quarter valued at $72,000. Deutsche Bank AG boosted its holdings in shares of Docebo by 33.2% in the 4th quarter. Deutsche Bank AG now owns 3,533 shares of the company’s stock valued at $78,000 after purchasing an additional 881 shares in the last quarter. Finally, DGS Capital Management LLC bought a new position in shares of Docebo in the 1st quarter valued at $178,000. 53.17% of the stock is currently owned by institutional investors and hedge funds.

Docebo Company Profile

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.