Canaccord Genuity Group Increases Docebo (NASDAQ:DCBO) Price Target to $50.00

Docebo (NASDAQ:DCBO – Get Rating) had its price objective raised by Canaccord Genuity Group from $40.00 to $50.00 in a research note published on Friday morning, Benzinga reports. The firm currently has a buy rating on the stock.

DCBO has been the subject of several other reports. Morgan Stanley increased their price target on shares of Docebo from $36.00 to $39.00 and gave the stock an equal weight rating in a research note on Friday. TD Securities increased their price target on shares of Docebo from $52.00 to $54.00 and gave the stock a buy rating in a research note on Friday.

Docebo Stock Up 4.4 %

Shares of Docebo stock opened at $36.98 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.12 and a quick ratio of 3.12. The company has a 50-day moving average of $36.24 and a 200 day moving average of $32.05. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 184.90 and a beta of 1.57. Docebo has a 1 year low of $23.40 and a 1 year high of $52.84.

Institutional Trading of Docebo

Institutional investors have recently made changes to their positions in the stock. Cat Rock Capital Management LP raised its position in shares of Docebo by 1.0% during the third quarter. Cat Rock Capital Management LP now owns 4,874,150 shares of the company’s stock valued at $131,627,000 after buying an additional 49,231 shares during the last quarter. SQN Investors LP boosted its stake in shares of Docebo by 12.9% during the second quarter. SQN Investors LP now owns 800,921 shares of the company’s stock valued at $22,962,000 after purchasing an additional 91,239 shares during the period. Bank of Montreal Can boosted its stake in shares of Docebo by 35.2% during the third quarter. Bank of Montreal Can now owns 739,758 shares of the company’s stock valued at $22,322,000 after purchasing an additional 192,398 shares during the period. Driehaus Capital Management LLC boosted its stake in shares of Docebo by 42.1% during the second quarter. Driehaus Capital Management LLC now owns 689,083 shares of the company’s stock valued at $19,756,000 after purchasing an additional 204,070 shares during the period. Finally, Long Path Partners LP boosted its stake in shares of Docebo by 81.5% during the fourth quarter. Long Path Partners LP now owns 631,663 shares of the company’s stock valued at $20,933,000 after purchasing an additional 283,690 shares during the period. Hedge funds and other institutional investors own 39.10% of the company’s stock.

About Docebo

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Docebo Inc provides a cloud-based learning management system to train internal and external workforces, partners, and customers in North America, Europe, and the Asia-Pacific region. Its platform helps customers to centralize learning materials from peer enterprises and learners into one learning management system (LMS) to expedite and enrich the learning process, increase productivity, and grow teams uniformly.