Docebo (NASDAQ:DCBO) Price Target Cut to $53.00 by Analysts at CIBC

Docebo (NASDAQ:DCBOGet Free Report) had its price objective reduced by analysts at CIBC from $58.00 to $53.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has an “outperformer” rating on the stock. CIBC’s price target points to a potential upside of 47.92% from the stock’s current price.

Other analysts have also recently issued reports about the company. Scotiabank boosted their price objective on Docebo from $60.00 to $65.00 and gave the company a “sector outperform” rating in a research report on Monday, February 26th. Canaccord Genuity Group upped their price target on Docebo from $50.00 to $65.00 and gave the company a “buy” rating in a research report on Monday, February 26th. Stifel Nicolaus upped their price target on Docebo from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, February 26th. Eight Capital lowered their price target on Docebo from $75.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, February 26th. Finally, The Goldman Sachs Group lowered their price target on Docebo from $55.00 to $48.00 and set a “neutral” rating on the stock in a research report on Monday. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Docebo currently has an average rating of “Moderate Buy” and a consensus target price of $58.50.

Read Our Latest Analysis on DCBO

Docebo Stock Performance

Shares of DCBO traded up $0.02 on Monday, reaching $35.83. 210,765 shares of the stock traded hands, compared to its average volume of 97,800. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 162.77 and a beta of 1.64. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.26 and a quick ratio of 1.26. Docebo has a 12 month low of $29.77 and a 12 month high of $56.41. The stock’s 50-day moving average price is $47.84 and its 200-day moving average price is $46.99.

Docebo (NASDAQ:DCBOGet Free Report) last released its quarterly earnings data on Friday, February 23rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.12. The business had revenue of $49.28 million for the quarter, compared to analysts’ expectations of $48.46 million. Docebo had a return on equity of 17.09% and a net margin of 3.55%. Equities analysts forecast that Docebo will post 0.73 EPS for the current fiscal year.

Institutional Trading of Docebo

Several large investors have recently made changes to their positions in the business. Hillsdale Investment Management Inc. grew its holdings in shares of Docebo by 19.3% during the first quarter. Hillsdale Investment Management Inc. now owns 738,692 shares of the company’s stock worth $36,129,000 after purchasing an additional 119,434 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of Docebo by 109.0% during the first quarter. Acadian Asset Management LLC now owns 53,497 shares of the company’s stock worth $2,611,000 after purchasing an additional 27,897 shares during the last quarter. Lord Abbett & CO. LLC lifted its stake in shares of Docebo by 54.4% during the first quarter. Lord Abbett & CO. LLC now owns 149,590 shares of the company’s stock valued at $7,327,000 after acquiring an additional 52,681 shares during the period. Swiss National Bank lifted its stake in shares of Docebo by 5.3% during the first quarter. Swiss National Bank now owns 30,225 shares of the company’s stock valued at $1,477,000 after acquiring an additional 1,525 shares during the period. Finally, Quadrature Capital Ltd lifted its stake in shares of Docebo by 327.4% during the fourth quarter. Quadrature Capital Ltd now owns 140,600 shares of the company’s stock valued at $6,810,000 after acquiring an additional 107,700 shares during the period. Institutional investors own 53.17% of the company’s stock.

About Docebo

(Get Free Report)

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.

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Analyst Recommendations for Docebo (NASDAQ:DCBO)

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