Docebo (NASDAQ:DCBO – Get Free Report) had its target price lowered by investment analysts at ATB Cormark Capital Markets from $36.00 to $35.00 in a report released on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ target price points to a potential upside of 82.62% from the company’s current price.
A number of other research firms have also issued reports on DCBO. Needham & Company LLC reissued a “buy” rating and set a $31.00 price target on shares of Docebo in a report on Friday. National Bank Financial lowered their target price on Docebo from $24.00 to $21.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 27th. Cantor Fitzgerald restated an “overweight” rating and set a $28.00 price target on shares of Docebo in a research note on Wednesday, April 22nd. Weiss Ratings raised shares of Docebo from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 8th. Finally, Wall Street Zen lowered shares of Docebo from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Docebo presently has an average rating of “Moderate Buy” and a consensus target price of $31.08.
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Docebo Stock Performance
Institutional Investors Weigh In On Docebo
A number of institutional investors and hedge funds have recently modified their holdings of the company. Wellington Management Group LLP raised its position in Docebo by 45.1% during the third quarter. Wellington Management Group LLP now owns 432,426 shares of the company’s stock worth $11,818,000 after acquiring an additional 134,437 shares during the last quarter. Royal Bank of Canada grew its position in shares of Docebo by 467.1% in the first quarter. Royal Bank of Canada now owns 158,340 shares of the company’s stock valued at $4,546,000 after purchasing an additional 130,419 shares during the last quarter. Millennium Management LLC increased its stake in shares of Docebo by 137.2% during the 4th quarter. Millennium Management LLC now owns 213,444 shares of the company’s stock worth $4,741,000 after purchasing an additional 123,473 shares in the last quarter. Two Sigma Investments LP raised its position in shares of Docebo by 211.3% during the 3rd quarter. Two Sigma Investments LP now owns 160,772 shares of the company’s stock worth $4,394,000 after purchasing an additional 109,128 shares during the last quarter. Finally, NewGen Asset Management Ltd purchased a new stake in Docebo in the 1st quarter valued at approximately $1,558,000. Institutional investors and hedge funds own 53.17% of the company’s stock.
Docebo Company Profile
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.
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