Atb Cap Markets lowered shares of Docebo (NASDAQ:DCBO - Free Report) from a strong-buy rating to a hold rating in a research note released on Friday morning,Zacks.com reports.
A number of other equities analysts also recently issued reports on the company. Scotiabank upped their price target on Docebo from $50.00 to $55.00 and gave the company a "sector outperform" rating in a report on Thursday, October 24th. Needham & Company LLC upped their price target on Docebo from $50.00 to $60.00 and gave the stock a "buy" rating in a research note on Friday. CIBC increased their price objective on Docebo from $44.00 to $52.00 and gave the stock an "outperform" rating in a research report on Monday, September 16th. Finally, Craig Hallum increased their price objective on Docebo from $58.00 to $62.00 and gave the stock a "buy" rating in a research report on Monday. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $57.36.
Read Our Latest Analysis on DCBO
Docebo Stock Up 0.6 %
Shares of DCBO stock traded up $0.32 during trading hours on Friday, reaching $50.46. 48,026 shares of the stock were exchanged, compared to its average volume of 89,061. The business's fifty day moving average is $44.95 and its two-hundred day moving average is $41.34. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.11 and a quick ratio of 1.11. Docebo has a 12-month low of $33.81 and a 12-month high of $56.41. The firm has a market capitalization of $1.53 billion, a P/E ratio of 86.95 and a beta of 1.54.
Institutional Trading of Docebo
Hedge funds have recently added to or reduced their stakes in the business. Swiss National Bank lifted its stake in shares of Docebo by 5.3% in the 1st quarter. Swiss National Bank now owns 30,225 shares of the company's stock valued at $1,477,000 after purchasing an additional 1,525 shares in the last quarter. Lord Abbett & CO. LLC lifted its stake in shares of Docebo by 54.4% in the 1st quarter. Lord Abbett & CO. LLC now owns 149,590 shares of the company's stock valued at $7,327,000 after purchasing an additional 52,681 shares in the last quarter. Acadian Asset Management LLC lifted its stake in shares of Docebo by 109.0% in the 1st quarter. Acadian Asset Management LLC now owns 53,497 shares of the company's stock valued at $2,611,000 after purchasing an additional 27,897 shares in the last quarter. Hillsdale Investment Management Inc. lifted its stake in shares of Docebo by 19.3% in the 1st quarter. Hillsdale Investment Management Inc. now owns 738,692 shares of the company's stock valued at $36,129,000 after purchasing an additional 119,434 shares in the last quarter. Finally, Quadrature Capital Ltd lifted its stake in shares of Docebo by 75.2% in the 1st quarter. Quadrature Capital Ltd now owns 246,400 shares of the company's stock valued at $12,045,000 after purchasing an additional 105,800 shares in the last quarter. 53.17% of the stock is owned by institutional investors and hedge funds.
About Docebo
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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.
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