National Bankshares Lowers Docebo (NASDAQ:DCBO) Price Target to $24.00

Docebo (NASDAQ:DCBO) had its price target reduced by stock analysts at National Bankshares from $31.00 to $24.00 in a report released on Thursday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bankshares’ price target points to a potential upside of 30.40% from the stock’s previous close.

A number of other equities research analysts have also commented on DCBO. TD Securities raised shares of Docebo to a “strong-buy” rating in a research note on Thursday, January 15th. ATB Capital upgraded Docebo to an “outperform” rating in a report on Wednesday, December 10th. Zacks Research downgraded Docebo from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. TD Cowen reaffirmed a “buy” rating and set a $37.00 target price on shares of Docebo in a research note on Friday, October 3rd. Finally, Morgan Stanley dropped their price target on Docebo from $34.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Monday, November 10th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $34.80.

Docebo Trading Up 0.7%

Shares of Docebo stock traded up $0.14 during midday trading on Thursday, reaching $18.41. The company had a trading volume of 39,307 shares, compared to its average volume of 76,592. The stock has a fifty day moving average price of $21.47 and a 200 day moving average price of $26.34. Docebo has a fifty-two week low of $18.15 and a fifty-two week high of $43.94. The firm has a market cap of $528.90 million, a PE ratio of 24.93 and a beta of 1.45. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.13 and a quick ratio of 1.13.

Institutional Investors Weigh In On Docebo

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Employees Retirement System of Texas bought a new position in Docebo in the 2nd quarter valued at about $44,000. TD Waterhouse Canada Inc. lifted its holdings in shares of Docebo by 39.5% in the third quarter. TD Waterhouse Canada Inc. now owns 6,380 shares of the company’s stock valued at $172,000 after purchasing an additional 1,805 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Docebo by 46.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,063 shares of the company’s stock worth $193,000 after buying an additional 2,248 shares in the last quarter. Centiva Capital LP purchased a new stake in Docebo in the 3rd quarter valued at $204,000. Finally, Boothbay Fund Management LLC bought a new position in Docebo during the 3rd quarter valued at $291,000. 53.17% of the stock is owned by institutional investors.

About Docebo

Docebo is a cloud-based learning management system (LMS) provider that offers enterprise organizations a comprehensive platform for employee, customer and partner training. The company’s software is designed to streamline learning and development with features such as AI-powered content recommendations, automated learning paths and social collaboration tools. Docebo’s platform supports multiple languages and integrates with a variety of third-party applications, enabling businesses to deliver training at scale across different departments and regions.

Founded in 2005 and headquartered in Toronto, Canada, Docebo has expanded its footprint to serve customers in North America, Europe, the Middle East and the Asia Pacific region.