Craig Hallum Issues Positive Forecast for Docebo (NASDAQ:DCBO) Stock Price

Docebo (NASDAQ:DCBO) had its target price upped by equities researchers at Craig Hallum from $58.00 to $62.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Craig Hallum’s price target indicates a potential upside of 23.90% from the company’s previous close.

DCBO has been the topic of several other research reports. Scotiabank boosted their price objective on shares of Docebo from $50.00 to $55.00 and gave the stock a “sector outperform” rating in a report on Thursday, October 24th. CIBC upped their price target on Docebo from $44.00 to $52.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Finally, Needham & Company LLC raised their price objective on Docebo from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Docebo currently has an average rating of “Moderate Buy” and a consensus price target of $57.36.

Docebo Trading Down 0.2 %

Shares of Docebo stock opened at $50.04 on Monday. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 86.95 and a beta of 1.54. Docebo has a 1 year low of $33.81 and a 1 year high of $56.41. The company’s fifty day simple moving average is $44.95 and its 200-day simple moving average is $41.34. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.01.

Institutional Investors Weigh In On Docebo

Several institutional investors and hedge funds have recently made changes to their positions in DCBO. Long Path Partners LP lifted its holdings in Docebo by 73.0% during the 2nd quarter. Long Path Partners LP now owns 686,277 shares of the company’s stock valued at $26,511,000 after purchasing an additional 289,524 shares during the last quarter. CIBC Asset Management Inc raised its stake in shares of Docebo by 36.9% in the second quarter. CIBC Asset Management Inc now owns 446,544 shares of the company’s stock valued at $17,233,000 after acquiring an additional 120,396 shares during the last quarter. Hillsdale Investment Management Inc. boosted its holdings 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 worth $36,129,000 after acquiring an additional 119,434 shares in the last quarter. Quadrature Capital Ltd grew its position in Docebo by 75.2% during the 1st quarter. Quadrature Capital Ltd now owns 246,400 shares of the company’s stock worth $12,045,000 after acquiring an additional 105,800 shares during the last quarter. Finally, Marshall Wace LLP increased its holdings in Docebo by 196.3% during the 2nd quarter. Marshall Wace LLP now owns 142,507 shares of the company’s stock valued at $5,505,000 after purchasing an additional 94,414 shares in the last quarter. Institutional investors and hedge funds own 53.17% of the company’s stock.

Docebo Company Profile

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.