Docebo (NASDAQ:DCBO) Sets New 1-Year Low – Here’s What Happened

Docebo Inc. (NASDAQ:DCBO) shares reached a new 52-week low during trading on Monday . The stock traded as low as $27.21 and last traded at $28.49, with a volume of 242 shares. The stock had previously closed at $29.29.

Wall Street Analyst Weigh In

A number of brokerages have commented on DCBO. Atb Cap Markets raised Docebo from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 28th. Scotiabank dropped their target price on shares of Docebo from $55.00 to $45.00 and set a “sector outperform” rating for the company in a report on Tuesday, March 4th. UBS Group set a $45.00 price target on Docebo in a report on Tuesday, March 4th. Finally, Morgan Stanley set a $43.00 price objective on Docebo in a research report on Friday, February 28th. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Docebo currently has a consensus rating of “Buy” and an average price target of $53.18.

Docebo Stock Down 1.6 %

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 company has a 50 day simple moving average of $36.96 and a two-hundred day simple moving average of $42.97. The firm has a market capitalization of $872.19 million, a P/E ratio of 49.72 and a beta of 1.60.

Hedge Funds Weigh In On Docebo

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC increased its holdings in Docebo by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 40,903 shares of the company’s stock valued at $1,832,000 after acquiring an additional 360 shares during the last quarter. Grandeur Peak Global Advisors LLC grew its position in shares of Docebo by 3.6% during the fourth quarter. Grandeur Peak Global Advisors LLC now owns 11,525 shares of the company’s stock valued at $517,000 after purchasing an additional 400 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Docebo by 46.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,983 shares of the company’s stock worth $134,000 after purchasing an additional 949 shares during the last quarter. Advisory Services Network LLC boosted its stake in Docebo by 10.5% during the fourth quarter. Advisory Services Network LLC now owns 16,065 shares of the company’s stock valued at $720,000 after buying an additional 1,526 shares during the last quarter. Finally, Jump Financial LLC raised its holdings in shares of Docebo by 33.3% during the 4th quarter. Jump Financial LLC now owns 8,320 shares of the company’s stock worth $372,000 after acquiring an additional 2,080 shares in the last quarter. Institutional investors 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.