Docebo (NASDAQ:DCBO) Sets New 1-Year Low - What's Next?

Docebo Inc. (NASDAQ:DCBO - Get Free Report) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $23.30 and last traded at $26.52, with a volume of 855 shares trading hands. The stock had previously closed at $27.72.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DCBO. Morgan Stanley set a $43.00 price objective on shares of Docebo in a research report on Friday, February 28th. Atb Cap Markets raised Docebo from a "hold" rating to a "strong-buy" rating in a report on Friday, February 28th. UBS Group set a $45.00 price objective on Docebo in a research report on Tuesday, March 4th. Needham & Company LLC reissued a "buy" rating and issued a $42.00 target price on shares of Docebo in a research report on Thursday. Finally, Scotiabank reduced their price target on shares of Docebo from $55.00 to $45.00 and set a "sector outperform" rating for the company in a research report on Tuesday, March 4th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Docebo presently has an average rating of "Buy" and a consensus price target of $51.55.

Docebo Stock Performance

The company has a market cap of $901.56 million, a PE ratio of 51.34 and a beta of 1.59. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01. The business's 50 day moving average is $33.68 and its two-hundred day moving average is $41.72.

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Hedge Funds Weigh In On Docebo

Several large investors have recently made changes to their positions in DCBO. Mackenzie Financial Corp grew its position in shares of 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 purchasing an additional 315,496 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in Docebo by 21.6% during the 4th quarter. Public Employees Retirement System of Ohio now owns 25,363 shares of the company's stock valued at $1,137,000 after buying an additional 4,506 shares in the last quarter. State of Wyoming bought a new stake in shares of Docebo during the fourth quarter valued at approximately $275,000. Man Group plc bought a new position in shares of Docebo during the fourth quarter worth $1,768,000. Finally, Millennium Management LLC boosted its position in shares of Docebo by 128.2% during the fourth quarter. Millennium Management LLC now owns 78,616 shares of the company's stock worth $3,521,000 after acquiring an additional 44,162 shares during the last quarter. 53.17% of the stock is currently owned by hedge funds and other 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.