Docebo (NASDAQ:DCBO) Price Target Lowered to $40.00 at Canaccord Genuity Group

Docebo (NASDAQ:DCBO) had its price target reduced by Canaccord Genuity Group from $46.00 to $40.00 in a research report sent to investors on Monday morning,BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

A number of other research firms also recently weighed in on DCBO. Needham & Company LLC reaffirmed a “buy” rating and set a $38.00 price target on shares of Docebo in a research note on Thursday, January 29th. National Bankshares dropped their price objective on Docebo from $31.00 to $24.00 and set a “sector perform” rating on the stock in a report on Thursday, January 22nd. Zacks Research lowered shares of Docebo from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Cantor Fitzgerald decreased their target price on shares of Docebo from $35.00 to $28.00 and set an “overweight” rating for the company in a research report on Wednesday, January 21st. Finally, ATB Capital upgraded shares of Docebo to an “outperform” rating in a report on Wednesday, December 10th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.64.

Docebo Trading Down 0.1%

NASDAQ DCBO opened at $19.64 on Monday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.05. Docebo has a 1-year low of $18.11 and a 1-year high of $43.40. The firm’s fifty day simple moving average is $21.11 and its 200-day simple moving average is $25.74. The company has a market capitalization of $564.65 million, a PE ratio of 26.54 and a beta of 1.40.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DCBO. Long Path Partners LP boosted its holdings in Docebo by 30.5% during the second quarter. Long Path Partners LP now owns 1,176,750 shares of the company’s stock valued at $34,055,000 after acquiring an additional 275,176 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in 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 during the last quarter. CIBC Asset Management Inc grew its holdings in Docebo by 3.8% in the 2nd quarter. CIBC Asset Management Inc now owns 445,517 shares of the company’s stock valued at $12,915,000 after buying an additional 16,432 shares during the last quarter. Wellington Management Group LLP increased its position in Docebo by 45.1% in the 3rd quarter. Wellington Management Group LLP now owns 432,426 shares of the company’s stock worth $11,818,000 after buying an additional 134,437 shares during the period. Finally, Bank of Montreal Can lifted its holdings in shares of Docebo by 21.6% during the second quarter. Bank of Montreal Can now owns 399,152 shares of the company’s stock worth $11,577,000 after buying an additional 70,827 shares during the last quarter. Institutional investors own 53.17% of the company’s stock.

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.