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

Docebo (NASDAQ:DCBO) had its price target reduced by investment analysts at National Bankshares from $31.00 to $24.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bankshares’ price target indicates a potential upside of 29.03% from the stock’s current price.

A number of other analysts have also recently commented on the company. Cantor Fitzgerald reduced their price objective on Docebo from $35.00 to $28.00 and set an “overweight” rating for the company in a research report on Wednesday. CIBC reduced their price target on shares of Docebo from $37.00 to $36.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Weiss Ratings downgraded shares of Docebo from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, December 31st. TD Cowen restated a “buy” rating and set a $37.00 target price on shares of Docebo in a research report on Friday, October 3rd. Finally, ATB Capital upgraded shares of Docebo to an “outperform” rating in a research report on Wednesday, December 10th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.80.

Docebo Trading Up 1.1%

NASDAQ:DCBO opened at $18.60 on Thursday. The company has a market cap of $534.75 million, a PE ratio of 25.14 and a beta of 1.45. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.05. The company has a 50 day simple moving average of $21.31 and a two-hundred day simple moving average of $26.21. Docebo has a 12 month low of $18.11 and a 12 month high of $43.94.

Hedge Funds Weigh In On Docebo

Several large investors have recently added to or reduced their stakes in DCBO. Employees Retirement System of Texas bought a new position in shares of Docebo in the second quarter worth approximately $44,000. TD Waterhouse Canada Inc. lifted its stake in shares of Docebo by 39.5% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 6,380 shares of the company’s stock valued at $172,000 after buying an additional 1,805 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Docebo by 46.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,063 shares of the company’s stock valued at $193,000 after buying an additional 2,248 shares in the last quarter. Centiva Capital LP bought a new position in Docebo in the 3rd quarter worth $204,000. Finally, Boothbay Fund Management LLC purchased a new stake in Docebo in the 3rd quarter worth $291,000. Hedge funds and other institutional investors own 53.17% of the company’s stock.

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.