Stifel Nicolaus Has Lowered Expectations for Docebo (NASDAQ:DCBO) Stock Price

Docebo (NASDAQ:DCBO) had its target price decreased by stock analysts at Stifel Nicolaus from $34.00 to $28.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 55.99% from the stock’s previous close.

Several other analysts have also issued reports on DCBO. UBS Group reiterated a “buy” rating on shares of Docebo in a research report on Monday. Craig Hallum restated a “buy” rating and set a $38.00 target price on shares of Docebo in a research note on Monday. Wall Street Zen raised Docebo from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings cut Docebo from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, December 31st. Finally, National Bank Financial dropped their price objective on Docebo from $31.00 to $24.00 and set a “sector perform” rating for the company in a research report on Thursday, January 22nd. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $32.00.

Docebo Price Performance

DCBO traded up $0.57 on Monday, hitting $17.95. 146,773 shares of the stock were exchanged, compared to its average volume of 215,055. The firm has a market capitalization of $516.24 million, a price-to-earnings ratio of 14.12 and a beta of 1.44. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.13 and a quick ratio of 1.13. Docebo has a 12 month low of $16.07 and a 12 month high of $34.03. The business has a 50-day moving average of $19.81 and a two-hundred day moving average of $24.06.

Institutional Trading of Docebo

A number of hedge funds have recently made changes to their positions in the company. Northwest & Ethical Investments L.P. bought a new stake in shares of Docebo during the fourth quarter worth about $27,000. Employees Retirement System of Texas bought a new position in Docebo in the 2nd quarter valued at approximately $44,000. State of Wyoming acquired a new stake in Docebo during the 4th quarter worth approximately $72,000. Deutsche Bank AG grew its holdings in Docebo by 33.2% during the 4th quarter. Deutsche Bank AG now owns 3,533 shares of the company’s stock worth $78,000 after acquiring an additional 881 shares during the last quarter. Finally, TD Waterhouse Canada Inc. grew its holdings in Docebo by 39.5% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 6,380 shares of the company’s stock worth $172,000 after acquiring an additional 1,805 shares during the last quarter. 53.17% of the stock is owned by institutional investors and hedge funds.

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.