Scotiabank Cuts Docebo (NASDAQ:DCBO) Price Target to $25.00

Docebo (NASDAQ:DCBO) had its target price trimmed by Scotiabank from $32.00 to $25.00 in a research report report published on Monday, Marketbeat.com reports. The brokerage currently has an outperform rating on the stock.

A number of other research firms have also recently weighed in on DCBO. Weiss Ratings cut shares of Docebo from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, December 31st. Cantor Fitzgerald dropped their target price on shares of Docebo from $35.00 to $28.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 21st. National Bank Financial cut their price target on shares of Docebo from $31.00 to $24.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 22nd. Wall Street Zen raised shares of Docebo from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. Finally, Needham & Company LLC decreased their price objective on shares of Docebo from $38.00 to $31.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $30.92.

Docebo Stock Performance

Shares of DCBO stock opened at $18.59 on Monday. The firm has a 50 day moving average of $19.57 and a two-hundred day moving average of $23.83. The stock has a market capitalization of $534.65 million, a PE ratio of 14.64 and a beta of 1.44. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.03. Docebo has a 52 week low of $16.07 and a 52 week high of $33.70.

Institutional Investors Weigh In On Docebo

Several institutional investors have recently made changes to their positions in DCBO. Long Path Partners LP increased its holdings in shares of Docebo by 30.5% in the 2nd quarter. Long Path Partners LP now owns 1,176,750 shares of the company’s stock valued at $34,055,000 after purchasing an additional 275,176 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Docebo by 0.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 554,383 shares of the company’s stock worth $15,132,000 after buying an additional 2,112 shares in the last quarter. CIBC Asset Management Inc grew its position in Docebo by 3.8% during the second quarter. CIBC Asset Management Inc now owns 445,517 shares of the company’s stock worth $12,915,000 after buying an additional 16,432 shares during the period. Wellington Management Group LLP increased its holdings in Docebo by 1.2% in the fourth quarter. Wellington Management Group LLP now owns 437,595 shares of the company’s stock valued at $9,715,000 after buying an additional 5,169 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in Docebo by 21.6% in the second quarter. Bank of Montreal Can now owns 399,152 shares of the company’s stock valued at $11,577,000 after buying an additional 70,827 shares in the last quarter. 53.17% of the stock is currently owned by hedge funds and other institutional investors.

About Docebo

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.