National Bank Financial Issues Positive Forecast for Docebo (NASDAQ:DCBO) Stock Price

Docebo (NASDAQ:DCBO) had its price objective hoisted by National Bank Financial from $21.00 to $22.00 in a research note released on Monday morning,BayStreet.CA reports. National Bank Financial currently has a sector perform rating on the stock.

DCBO has been the subject of a number of other research reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $28.00 target price on shares of Docebo in a report on Wednesday, April 22nd. Weiss Ratings raised shares of Docebo from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 8th. ATB Cormark Capital Markets cut their price target on shares of Docebo from $36.00 to $35.00 and set an “outperform” rating for the company in a report on Monday. Zacks Research cut shares of Docebo from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Needham & Company LLC reissued a “buy” rating and set a $31.00 price objective on shares of Docebo in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $31.08.

Docebo Stock Down 4.4%

Docebo stock opened at $19.48 on Monday. The stock’s 50 day moving average price is $17.84 and its 200 day moving average price is $18.47. Docebo has a 1-year low of $14.39 and a 1-year high of $33.42. The company has a market cap of $489.73 million, a PE ratio of 16.79 and a beta of 1.27. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.85 and a quick ratio of 0.85.

Institutional Trading of Docebo

A number of institutional investors have recently bought and sold shares of DCBO. NewEdge Advisors LLC grew its holdings in Docebo by 1,101.5% in the first quarter. NewEdge Advisors LLC now owns 3,977 shares of the company’s stock valued at $69,000 after purchasing an additional 3,646 shares during the last quarter. Turtle Creek Asset Management Inc. increased its position in shares of Docebo by 38.6% in the first quarter. Turtle Creek Asset Management Inc. now owns 21,200 shares of the company’s stock valued at $370,000 after buying an additional 5,900 shares in the last quarter. Lazard Asset Management LLC raised its stake in shares of Docebo by 74.4% during the 1st quarter. Lazard Asset Management LLC now owns 28,458 shares of the company’s stock worth $498,000 after buying an additional 12,141 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake 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 worth $10,775,000 after buying an additional 86,038 shares during the last quarter. Finally, Sei Investments Co. raised its stake in shares of Docebo by 211.7% during the 1st quarter. Sei Investments Co. now owns 56,034 shares of the company’s stock worth $979,000 after buying an additional 38,058 shares during the last quarter. 53.17% of the stock is currently owned by hedge funds and other institutional investors.

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.