Docebo (NASDAQ:DCBO) Trading Down 6.3% – What’s Next?

Docebo Inc. (NASDAQ:DCBO) shares were down 6.3% during trading on Friday . The stock traded as low as $42.04 and last traded at $42.45. Approximately 12,119 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 32,833 shares. The stock had previously closed at $45.29.

Wall Street Analysts Forecast Growth

DCBO has been the subject of a number of research analyst reports. 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 research report on Monday, November 11th. CIBC raised their target price on Docebo from $44.00 to $52.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Needham & Company LLC upped their price target on Docebo from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Atb Cap Markets downgraded shares of Docebo from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. Finally, Scotiabank upped their target price on shares of Docebo from $50.00 to $55.00 and gave the company a “sector outperform” rating in a research note on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $57.36.

Docebo Price Performance

The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average is $48.08 and its 200-day moving average is $43.73. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 76.00 and a beta of 1.55.

Institutional Trading of Docebo

Several institutional investors have recently bought and sold shares of the stock. Plato Investment Management Ltd acquired a new position in Docebo during the third quarter worth $35,000. Geode Capital Management LLC increased its position in shares of Docebo by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 40,543 shares of the company’s stock worth $1,791,000 after purchasing an additional 911 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Docebo by 0.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 196,588 shares of the company’s stock valued at $7,581,000 after purchasing an additional 1,058 shares during the last quarter. 1832 Asset Management L.P. boosted its position in Docebo by 60.0% in the second quarter. 1832 Asset Management L.P. now owns 8,000 shares of the company’s stock valued at $309,000 after buying an additional 3,000 shares in the last quarter. Finally, Barclays PLC bought a new stake in Docebo during the third quarter worth about $142,000. 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.