Docebo (NASDAQ:DCBO) Given New $24.00 Price Target at National Bankshares

Docebo (NASDAQ:DCBO) had its target price decreased by research analysts at National Bankshares from $31.00 to $24.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 30.40% from the company’s current price.

Several other equities analysts have also weighed in on the stock. Atb Cap Markets upgraded shares of Docebo from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 10th. Needham & Company LLC dropped their target price on shares of Docebo from $42.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. CIBC lowered their price target on shares of Docebo from $37.00 to $36.00 and set an “outperform” rating on the stock in a report on Wednesday, October 29th. Oppenheimer began coverage on Docebo in a report on Wednesday, November 5th. They set an “outperform” rating and a $35.00 price objective for the company. Finally, TD Securities upgraded Docebo to a “strong-buy” rating in a research note on Thursday, January 15th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $34.80.

Docebo Stock Performance

Docebo stock traded up $0.14 during mid-day trading on Thursday, reaching $18.41. 39,307 shares of the company’s stock were exchanged, compared to its average volume of 76,592. The business’s fifty day simple moving average is $21.47 and its 200 day simple moving average is $26.34. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.05. Docebo has a one year low of $18.15 and a one year high of $43.94. The firm has a market capitalization of $528.90 million, a PE ratio of 24.93 and a beta of 1.45.

Institutional Trading of Docebo

A number of institutional investors have recently added to or reduced their stakes in DCBO. Long Path Partners LP increased its stake in Docebo by 30.5% in the 2nd quarter. Long Path Partners LP now owns 1,176,750 shares of the company’s stock worth $34,055,000 after acquiring an additional 275,176 shares during the last quarter. Topline Capital Management LLC grew its holdings in shares of Docebo by 484.9% during the third quarter. Topline Capital Management LLC now owns 323,219 shares of the company’s stock worth $8,834,000 after purchasing an additional 267,962 shares in the last quarter. Beutel Goodman & Co Ltd. bought a new position in shares of Docebo in the second quarter worth approximately $7,189,000. Wellington Management Group LLP raised its stake in Docebo by 45.1% in the third quarter. Wellington Management Group LLP now owns 432,426 shares of the company’s stock valued at $11,818,000 after purchasing an additional 134,437 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in Docebo by 467.1% during 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 last quarter. Hedge funds and other institutional investors 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.