Scotiabank Cuts Docebo (NASDAQ:DCBO) Price Target to $45.00

Docebo (NASDAQ:DCBO) had its price objective decreased by Scotiabank from $55.00 to $45.00 in a report released on Tuesday,Benzinga reports. Scotiabank currently has a sector outperform rating on the stock.

A number of other brokerages also recently commented on DCBO. Atb Cap Markets raised shares of Docebo from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 28th. Craig Hallum lifted their price objective on shares of Docebo from $58.00 to $62.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Needham & Company LLC lifted their price objective on shares of Docebo from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $55.60.

Docebo Stock Down 4.0 %

Shares of DCBO stock opened at $31.83 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01. Docebo has a 1 year low of $27.61 and a 1 year high of $54.00. The firm’s fifty day moving average price is $41.29 and its two-hundred day moving average price is $44.39. The firm has a market capitalization of $963.81 million, a P/E ratio of 54.88 and a beta of 1.60.

Hedge Funds Weigh In On Docebo

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Warburg Pincus LLC raised its position in shares of Docebo by 5.7% in the 3rd quarter. Warburg Pincus LLC now owns 3,546,597 shares of the company’s stock valued at $156,760,000 after buying an additional 190,434 shares in the last quarter. Long Path Partners LP raised its position in shares of Docebo by 1.2% in the 4th quarter. Long Path Partners LP now owns 740,055 shares of the company’s stock valued at $33,132,000 after buying an additional 8,756 shares in the last quarter. Hillsdale Investment Management Inc. raised its position in shares of Docebo by 207.6% in the 4th quarter. Hillsdale Investment Management Inc. now owns 611,085 shares of the company’s stock valued at $27,372,000 after buying an additional 412,403 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Docebo by 1,047.0% in the 3rd quarter. Wellington Management Group LLP now owns 599,976 shares of the company’s stock valued at $26,518,000 after buying an additional 547,666 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Docebo by 44.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 435,548 shares of the company’s stock valued at $19,504,000 after buying an additional 134,867 shares in the last quarter. 53.17% of the stock is currently owned by institutional investors and hedge funds.

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.