Docebo (NASDAQ:DCBO) Stock Price Expected to Rise, Craig Hallum Analyst Says

Docebo (NASDAQ:DCBO) had its price objective boosted by Craig Hallum from $58.00 to $62.00 in a research note released on Monday,Benzinga reports. Craig Hallum currently has a buy rating on the stock.

DCBO has been the subject of several other reports. CIBC increased their price objective on Docebo from $44.00 to $52.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Needham & Company LLC increased their price objective on Docebo from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Scotiabank increased their price objective on Docebo from $50.00 to $55.00 and gave the stock a “sector outperform” rating in a research note on Thursday, October 24th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Docebo presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.36.

Docebo Trading Down 2.5 %

NASDAQ:DCBO opened at $50.14 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.01. Docebo has a 1-year low of $33.81 and a 1-year high of $56.41. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 86.45 and a beta of 1.54. The stock has a fifty day simple moving average of $44.95 and a 200 day simple moving average of $41.34.

Institutional Investors Weigh In On Docebo

Hedge funds and other institutional investors have recently made changes to their positions in the company. Stanley Laman Group Ltd. bought a new position in shares of Docebo in the 2nd quarter valued at approximately $843,000. Lord Abbett & CO. LLC raised its stake in shares of Docebo by 54.4% in the 1st 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 in the last quarter. Bank of Montreal Can raised its stake in shares of Docebo by 23.1% in the 2nd quarter. Bank of Montreal Can now owns 371,690 shares of the company’s stock valued at $14,198,000 after acquiring an additional 69,787 shares in the last quarter. Rice Hall James & Associates LLC bought a new position in shares of Docebo in the 3rd quarter valued at approximately $3,907,000. Finally, Acadian Asset Management LLC raised its stake in shares of Docebo by 109.0% in the 1st quarter. Acadian Asset Management LLC now owns 53,497 shares of the company’s stock valued at $2,611,000 after acquiring an additional 27,897 shares in the last quarter. 53.17% of the stock is owned by hedge funds and other institutional investors.

Docebo Company Profile

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.