Docebo (NASDAQ:DCBO) Given New $45.00 Price Target at Scotiabank

Docebo (NASDAQ:DCBO) had its price objective reduced by stock analysts at Scotiabank from $55.00 to $45.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “sector outperform” rating on the stock. Scotiabank’s price target would suggest a potential upside of 38.04% from the company’s current price.

DCBO has been the subject of several other research reports. Needham & Company LLC boosted their price target on Docebo from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Craig Hallum boosted their target price on Docebo from $58.00 to $62.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Atb Cap Markets upgraded shares of Docebo from a “hold” rating to a “strong-buy” rating in a research note on Friday. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $55.60.

Docebo Stock Performance

Shares of DCBO stock opened at $32.60 on Tuesday. The company has a market capitalization of $987.13 million, a price-to-earnings ratio of 56.62 and a beta of 1.55. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.13 and a current ratio of 1.13. Docebo has a one year low of $27.61 and a one year high of $54.74. The company’s 50-day moving average is $42.16 and its 200 day moving average is $44.64.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Intact Investment Management Inc. purchased a new position in shares of Docebo in the third quarter valued at about $3,319,000. Plato Investment Management Ltd bought a new position in Docebo in the 3rd quarter worth approximately $35,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Docebo by 7.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 236,825 shares of the company’s stock valued at $10,449,000 after buying an additional 15,800 shares in the last quarter. Long Path Partners LP raised its position in shares of Docebo by 6.6% during the third quarter. Long Path Partners LP now owns 731,299 shares of the company’s stock valued at $32,323,000 after buying an additional 45,022 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Docebo by 2.7% in the third quarter. The Manufacturers Life Insurance Company now owns 201,935 shares of the company’s stock worth $8,917,000 after buying an additional 5,347 shares in the last quarter. Hedge funds and other institutional investors own 53.17% of the company’s stock.

Docebo Company Profile

Docebo Inc operates as a learning management software company that provides artificial intelligence (AI)-powered learning platform in North America and internationally. It offers Learning Management System (LMS) to train internal and external workforces, partners, and customers. The company's cloud platform consists of a learning suite, which includes Docebo Learn LMS, a cloud-based learning platform that allows learning administrators to deliver personalized learning; Docebo Shape, an AI-based learning content creation tool, which enables learning administrators to turn internal and external resources into engaging, multilingual, and microlearning content to share across the business; Docebo Content that allows off-the-shelf learning content by partnering content specialist; Docebo Learning Impact, a learning measurement tool that enables administrators to prove and improve training programs; Docebo Learn Data, which gives a comprehensive view on learning data to business results; Docebo Connect that connects Docebo to custom tech stack and making integrations; and Docebo Flow that allows businesses to directly inject learning into the flow of work.