Docebo (NASDAQ:DCBO) Price Target Cut to $55.00 by Analysts at National Bankshares

Docebo (NASDAQ:DCBOFree Report) had its price target reduced by National Bankshares from $65.00 to $55.00 in a report released on Monday, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other equities analysts have also weighed in on DCBO. Canaccord Genuity Group boosted their target price on shares of Docebo from $50.00 to $65.00 and gave the company a buy rating in a report on Monday, February 26th. Needham & Company LLC decreased their price objective on Docebo from $63.00 to $45.00 and set a buy rating on the stock in a report on Monday. CIBC cut their target price on Docebo from $58.00 to $53.00 and set an outperformer rating for the company in a research note on Monday. Eight Capital decreased their price target on Docebo from $65.00 to $60.00 and set a buy rating on the stock in a research note on Monday. Finally, Stifel Nicolaus lowered their price target on Docebo from $70.00 to $60.00 and set a buy rating for the company in a report on Monday. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Docebo currently has an average rating of Moderate Buy and an average target price of $56.50.

Read Our Latest Report on Docebo

Docebo Stock Performance

NASDAQ DCBO opened at $36.26 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.26 and a current ratio of 1.26. Docebo has a fifty-two week low of $29.77 and a fifty-two week high of $56.41. The company has a market cap of $1.10 billion, a P/E ratio of 164.82 and a beta of 1.64. The business’s 50 day moving average price is $47.48 and its 200-day moving average price is $46.98.

Docebo (NASDAQ:DCBOGet Free Report) last issued its quarterly earnings data on Friday, February 23rd. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.09 by $0.12. Docebo had a return on equity of 17.09% and a net margin of 3.55%. The firm had revenue of $49.28 million during the quarter, compared to analyst estimates of $48.46 million. Sell-side analysts predict that Docebo will post 0.73 earnings per share for the current year.

Institutional Trading of Docebo

Institutional investors have recently added to or reduced their stakes in the stock. Hillsdale Investment Management Inc. raised its holdings in shares of Docebo by 19.3% in the 1st 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 period. National Bank of Canada FI raised its position in shares of Docebo by 291.7% in the 4th quarter. National Bank of Canada FI now owns 373,582 shares of the company’s stock valued at $16,811,000 after purchasing an additional 278,201 shares in the last quarter. American Century Companies Inc. increased its position in shares of Docebo by 157.5% in the 3rd quarter. American Century Companies Inc. now owns 252,247 shares of the company’s stock worth $10,229,000 after purchasing an additional 154,281 shares during the last quarter. Mackenzie Financial Corp grew its position in shares of Docebo by 235.6% in the 4th quarter. Mackenzie Financial Corp now owns 247,916 shares of the company’s stock worth $11,978,000 after acquiring an additional 174,037 shares in the last quarter. Finally, Bridger Management LLC raised its holdings in shares of Docebo by 22.9% during the fourth quarter. Bridger Management LLC now owns 192,892 shares of the company’s stock worth $9,332,000 after purchasing an additional 36,000 shares during the period. Hedge funds and other institutional investors own 53.17% of the company’s stock.

About Docebo

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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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