Scotiabank Has Lowered Expectations for Docebo (NASDAQ:DCBO) Stock Price

Docebo (NASDAQ:DCBO) had its price objective trimmed by Scotiabank from $55.00 to $45.00 in a research note published on Tuesday,Benzinga reports. The firm currently has a sector outperform rating on the stock.

A number of other equities analysts have also recently issued reports on DCBO. Atb Cap Markets upgraded shares of Docebo from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 28th. Craig Hallum boosted their target price on shares of Docebo from $58.00 to $62.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Needham & Company LLC boosted their target price on shares of Docebo from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 8th. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $55.60.

Docebo Price Performance

DCBO stock opened at $31.83 on Tuesday. The company has a 50 day simple moving average of $41.29 and a 200 day simple moving average of $44.39. The stock has a market cap of $963.81 million, a price-to-earnings ratio of 54.88 and a beta of 1.60. Docebo has a 1 year low of $27.61 and a 1 year high of $54.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 1.13.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DCBO. Wellington Management Group LLP boosted its stake in Docebo by 1,047.0% during the third quarter. Wellington Management Group LLP now owns 599,976 shares of the company’s stock worth $26,518,000 after acquiring an additional 547,666 shares in the last quarter. Hillsdale Investment Management Inc. boosted its stake in Docebo by 207.6% during the fourth quarter. Hillsdale Investment Management Inc. now owns 611,085 shares of the company’s stock worth $27,372,000 after acquiring an additional 412,403 shares in the last quarter. Artisan Partners Limited Partnership bought a new position in Docebo during the fourth quarter worth $17,163,000. Mackenzie Financial Corp boosted its stake in Docebo by 4,534.3% during the fourth quarter. Mackenzie Financial Corp now owns 322,454 shares of the company’s stock worth $14,444,000 after acquiring an additional 315,496 shares in the last quarter. Finally, TFJ Management LLC bought a new position in Docebo during the fourth quarter worth $12,138,000. 53.17% of the stock is owned by institutional investors.

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.