National Bankshares Cuts Docebo (NASDAQ:DCBO) Price Target to $31.00

Docebo (NASDAQ:DCBO) had its price objective trimmed by National Bankshares from $35.00 to $31.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Several other analysts also recently weighed in on the stock. TD Cowen reiterated a “buy” rating and issued a $37.00 price objective on shares of Docebo in a research report on Friday, October 3rd. Zacks Research raised Docebo from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. Wall Street Zen raised Docebo from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Weiss Ratings reissued a “hold (c-)” rating on shares of Docebo in a research note on Wednesday, October 8th. Finally, TD Securities began coverage on Docebo in a research note on Friday, October 3rd. They set a “buy” rating and a $37.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Docebo has a consensus rating of “Moderate Buy” and a consensus price target of $40.11.

Docebo Stock Performance

Docebo stock opened at $28.22 on Thursday. Docebo has a 12 month low of $25.50 and a 12 month high of $53.86. The company has a fifty day moving average price of $29.13 and a two-hundred day moving average price of $29.04. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market cap of $810.62 million, a PE ratio of 40.90 and a beta of 1.45.

Institutional Investors Weigh In On Docebo

Hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio raised its position in Docebo by 7.3% during the second quarter. Public Employees Retirement System of Ohio now owns 11,444 shares of the company’s stock valued at $331,000 after buying an additional 783 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in Docebo by 0.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 552,271 shares of the company’s stock valued at $16,006,000 after acquiring an additional 1,381 shares in the last quarter. Employees Retirement System of Texas acquired a new position in shares of Docebo in the 2nd quarter valued at about $44,000. JPMorgan Chase & Co. lifted its position in shares of Docebo by 29.1% in 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 in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Docebo by 10.9% during the second quarter. BNP Paribas Financial Markets now owns 26,560 shares of the company’s stock worth $769,000 after purchasing an additional 2,607 shares during the period. 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.