Docebo (NASDAQ:DCBO) Stock Price Expected to Rise, National Bank Financial Analyst Says

Docebo (NASDAQ:DCBO) had its price objective lifted by National Bank Financial from $21.00 to $22.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s target price would suggest a potential upside of 13.64% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $28.00 price objective on shares of Docebo in a research note on Wednesday, April 22nd. Weiss Ratings upgraded shares of Docebo from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 8th. Zacks Research downgraded shares of Docebo from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. ATB Cormark Capital Markets dropped their price target on shares of Docebo from $36.00 to $35.00 and set an “outperform” rating for the company in a research report on Monday. Finally, Wall Street Zen downgraded shares of Docebo from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $31.08.

Docebo Stock Down 0.6%

DCBO opened at $19.36 on Monday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.03. The firm has a market cap of $486.71 million, a P/E ratio of 16.69 and a beta of 1.27. Docebo has a 52 week low of $14.39 and a 52 week high of $33.42. The business’s fifty day simple moving average is $17.88 and its 200 day simple moving average is $18.45.

Institutional Investors Weigh In On Docebo

Institutional investors and hedge funds have recently modified their holdings of the stock. Deutsche Bank AG raised its stake in shares of Docebo by 33.2% in the fourth 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. Northwest & Ethical Investments L.P. acquired a new stake in Docebo during the fourth quarter worth $27,000. National Bank of Canada FI increased its holdings in Docebo by 7.9% in the 3rd quarter. National Bank of Canada FI now owns 24,937 shares of the company’s stock valued at $675,000 after buying an additional 1,831 shares during the period. Verition Fund Management LLC increased its holdings in Docebo by 13.7% in the 4th quarter. Verition Fund Management LLC now owns 16,039 shares of the company’s stock valued at $356,000 after buying an additional 1,933 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Docebo by 0.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 554,383 shares of the company’s stock valued at $15,132,000 after buying an additional 2,112 shares in the last quarter. 53.17% of the stock is 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.