Docebo (NASDAQ:DCBO) Price Target Lowered to $38.00 at Needham & Company LLC

Docebo (NASDAQ:DCBO) had its price objective decreased by research analysts at Needham & Company LLC from $42.00 to $38.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC’s target price indicates a potential upside of 61.84% from the stock’s previous close.

DCBO has been the topic of several other research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Docebo in a research report on Wednesday, October 8th. Oppenheimer began coverage on Docebo in a research note on Wednesday. They issued an “outperform” rating and a $35.00 price target on the stock. TD Securities started coverage on Docebo in a research report on Friday, October 3rd. They set a “buy” rating and a $37.00 price objective for the company. National Bankshares lowered their target price on shares of Docebo from $35.00 to $31.00 and set a “sector perform” rating for the company in a research note on Thursday, October 23rd. Finally, Zacks Research cut Docebo from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Docebo presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.91.

Docebo Trading Down 3.6%

Shares of DCBO traded down $0.88 during mid-day trading on Friday, reaching $23.48. The stock had a trading volume of 237,546 shares, compared to its average volume of 85,445. Docebo has a 52-week low of $22.79 and a 52-week high of $53.86. The firm has a market cap of $674.70 million, a price-to-earnings ratio of 34.03 and a beta of 1.44. The business’s fifty day moving average is $28.21 and its 200 day moving average is $28.80. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.04 and a quick ratio of 1.04.

Institutional Investors Weigh In On Docebo

Several institutional investors have recently added to or reduced their stakes in DCBO. Employees Retirement System of Texas acquired a new stake in Docebo during the second quarter worth approximately $44,000. TD Waterhouse Canada Inc. lifted its position in Docebo by 39.5% in the third quarter. TD Waterhouse Canada Inc. now owns 6,380 shares of the company’s stock valued at $172,000 after acquiring an additional 1,805 shares during the last quarter. Aigen Investment Management LP acquired a new position in Docebo in the first quarter valued at $263,000. 1832 Asset Management L.P. boosted its stake in Docebo by 112.6% in the first quarter. 1832 Asset Management L.P. now owns 10,631 shares of the company’s stock valued at $305,000 after acquiring an additional 5,631 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Docebo by 29.1% during the second quarter. JPMorgan Chase & Co. now owns 11,294 shares of the company’s stock worth $327,000 after purchasing an additional 2,546 shares during the last quarter. Hedge funds and other institutional investors own 53.17% of the company’s stock.

About Docebo

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.