Docebo (NASDAQ:DCBO) Price Target Lowered to $35.00 at ATB Cormark Capital Markets

Docebo (NASDAQ:DCBO) had its price target trimmed by ATB Cormark Capital Markets from $36.00 to $35.00 in a report issued on Monday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other research firms also recently issued reports on DCBO. National Bank Financial dropped their target price on shares of Docebo from $24.00 to $21.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 27th. Zacks Research cut shares of Docebo from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Weiss Ratings upgraded shares of Docebo from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 8th. Needham & Company LLC reissued a “buy” rating and issued a $31.00 price objective on shares of Docebo in a research report on Friday. 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 analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Docebo has an average rating of “Moderate Buy” and an average target price of $31.08.

Docebo Stock Performance

NASDAQ DCBO opened at $19.48 on Monday. The firm has a market capitalization of $489.73 million, a P/E ratio of 16.79 and a beta of 1.27. Docebo has a 1-year low of $14.39 and a 1-year high of $33.42. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.85 and a quick ratio of 0.85. The business’s 50-day simple moving average is $17.84 and its 200-day simple moving average is $18.47.

Institutional Investors Weigh In On Docebo

Hedge funds have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership raised its holdings in shares of Docebo by 16.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 615,587 shares of the company’s stock valued at $10,775,000 after buying an additional 86,038 shares during the period. CIBC Asset Management Inc boosted 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 worth $12,915,000 after acquiring an additional 16,432 shares during the period. Wellington Management Group LLP boosted its holdings in Docebo by 1.2% in the 4th quarter. Wellington Management Group LLP now owns 437,595 shares of the company’s stock worth $9,715,000 after acquiring an additional 5,169 shares during the period. FIL Ltd boosted its holdings in Docebo by 16.1% in the 4th quarter. FIL Ltd now owns 255,518 shares of the company’s stock worth $5,676,000 after acquiring an additional 35,445 shares during the period. Finally, Millennium Management LLC grew its position in Docebo by 137.2% in the fourth quarter. Millennium Management LLC now owns 213,444 shares of the company’s stock valued at $4,741,000 after acquiring an additional 123,473 shares in the last quarter. 53.17% of the stock is currently owned by hedge funds and other 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.