National Bankshares Cuts Docebo (NASDAQ:DCBO) Price Target to $24.00

Docebo (NASDAQ:DCBO) had its price objective reduced by National Bankshares from $31.00 to $24.00 in a report issued on Thursday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other research analysts have also recently commented on DCBO. ATB Capital upgraded Docebo to an “outperform” rating in a report on Wednesday, December 10th. Morgan Stanley reduced their target price on Docebo from $34.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Monday, November 10th. TD Securities upgraded Docebo to a “strong-buy” rating in a report on Thursday, January 15th. Zacks Research downgraded Docebo from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Finally, Oppenheimer started coverage on shares of Docebo in a research report on Wednesday, November 5th. They issued an “outperform” rating and a $35.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $34.80.

Docebo Price Performance

Shares of DCBO stock opened at $18.60 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market capitalization of $534.69 million, a PE ratio of 25.14 and a beta of 1.45. The firm’s 50-day moving average is $21.31 and its two-hundred day moving average is $26.19. Docebo has a 12 month low of $18.11 and a 12 month high of $43.94.

Institutional Trading of Docebo

Several hedge funds have recently made changes to their positions in the business. Royal Bank of Canada boosted its stake in shares of Docebo by 467.1% in the first quarter. Royal Bank of Canada now owns 158,340 shares of the company’s stock valued at $4,546,000 after purchasing an additional 130,419 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in Docebo by 7.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 11,444 shares of the company’s stock worth $331,000 after buying an additional 783 shares in the last quarter. Louisbourg Investments Inc. boosted its position in Docebo by 45.6% in the 2nd quarter. Louisbourg Investments Inc. now owns 111,672 shares of the company’s stock valued at $3,231,000 after buying an additional 35,000 shares during the period. Bank of Montreal Can increased its position 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 acquiring an additional 70,827 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Docebo by 29.1% during the second quarter. JPMorgan Chase & Co. now owns 11,294 shares of the company’s stock worth $327,000 after acquiring an additional 2,546 shares during the period. Institutional investors and hedge funds 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.