Docebo (NASDAQ:DCBO) Hits New 1-Year Low – Here’s Why

Docebo Inc. (NASDAQ:DCBO) hit a new 52-week low during trading on Monday . The company traded as low as $23.30 and last traded at $26.52, with a volume of 855 shares changing hands. The stock had previously closed at $27.72.

Wall Street Analyst Weigh In

DCBO has been the subject of a number of research reports. Morgan Stanley set a $43.00 target price on Docebo in a report on Friday, February 28th. UBS Group set a $45.00 price target on shares of Docebo in a research report on Tuesday, March 4th. Atb Cap Markets upgraded Docebo from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 28th. Finally, Scotiabank dropped their price objective on Docebo from $55.00 to $45.00 and set a “sector outperform” rating for the company in a report on Tuesday, March 4th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Docebo presently has a consensus rating of “Buy” and a consensus target price of $53.18.

Docebo Price Performance

The company has a 50 day moving average price of $35.60 and a 200-day moving average price of $42.49. The company has a market cap of $843.80 million, a price-to-earnings ratio of 48.06 and a beta of 1.59. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.01.

Hedge Funds Weigh In On Docebo

Institutional investors have recently added to or reduced their stakes in the business. Long Path Partners LP grew its stake in shares of Docebo by 1.2% in the 4th quarter. Long Path Partners LP now owns 740,055 shares of the company’s stock valued at $33,132,000 after buying an additional 8,756 shares during the period. Hillsdale Investment Management Inc. increased its holdings in shares of Docebo by 207.6% during the fourth quarter. Hillsdale Investment Management Inc. now owns 611,085 shares of the company’s stock valued at $27,372,000 after acquiring an additional 412,403 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Docebo by 1,047.0% during the third quarter. Wellington Management Group LLP now owns 599,976 shares of the company’s stock worth $26,518,000 after purchasing an additional 547,666 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Docebo by 44.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 435,548 shares of the company’s stock worth $19,504,000 after purchasing an additional 134,867 shares in the last quarter. Finally, Artisan Partners Limited Partnership acquired a new stake in Docebo in the 4th quarter valued at $17,163,000. 53.17% of the stock is owned by institutional investors and hedge funds.

About Docebo

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.