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

Docebo Inc. (NASDAQ:DCBO)’s share price dropped 6.3% during trading on Friday . The company traded as low as $42.04 and last traded at $42.45. Approximately 12,119 shares were traded 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

A number of brokerages have recently weighed in on DCBO. CIBC raised their target price on Docebo from $44.00 to $52.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Scotiabank raised their price objective on shares of Docebo from $50.00 to $55.00 and gave the company a “sector outperform” rating in a research report on Thursday, October 24th. Atb Cap Markets lowered shares of Docebo from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. Craig Hallum boosted their price objective 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. Finally, Needham & Company LLC upped their price objective on Docebo from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Docebo currently has an average rating of “Moderate Buy” and a consensus target price of $57.36.

Docebo Trading Down 3.6 %

The business has a 50 day moving average of $48.12 and a 200 day moving average of $43.64. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 75.28 and a beta of 1.55.

Institutional Trading of Docebo

Hedge funds have recently modified their holdings of the company. Plato Investment Management Ltd acquired a new position in Docebo during the third quarter valued at approximately $35,000. Barclays PLC bought a new position in shares of Docebo during the third quarter worth $142,000. Point72 Asset Management L.P. acquired a new position in shares of Docebo in the 2nd quarter valued at $189,000. Riverwater Partners LLC bought a new stake in shares of Docebo in the 3rd quarter valued at $200,000. Finally, Pathway Financial Advisors LLC bought a new position in shares of Docebo during the 3rd quarter valued at about $221,000. 53.17% of the stock is currently owned by institutional investors and hedge funds.

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.