Docebo (NASDAQ:DCBO) Price Target Cut to $59.00 by Analysts at Morgan Stanley

Docebo (NASDAQ:DCBOFree Report) had its target price cut by Morgan Stanley from $65.00 to $59.00 in a report published on Monday morning, Benzinga reports. They currently have an overweight rating on the stock.

Several other research analysts also recently weighed in on DCBO. Canaccord Genuity Group increased their price target on shares of Docebo from $50.00 to $65.00 and gave the stock a buy rating in a research report on Monday, February 26th. TheStreet raised shares of Docebo from a d+ rating to a c- rating in a research report on Monday, March 18th. Eight Capital dropped their target price on Docebo from $75.00 to $65.00 and set a buy rating for the company in a research report on Monday, February 26th. CIBC reduced their price target on Docebo from $58.00 to $53.00 and set an outperformer rating on the stock in a report on Monday. Finally, Scotiabank boosted their price objective on Docebo from $60.00 to $65.00 and gave the company a sector outperform rating in a report on Monday, February 26th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $55.00.

Check Out Our Latest Research Report on DCBO

Docebo Stock Down 1.5 %

DCBO opened at $36.80 on Monday. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 167.27 and a beta of 1.64. The firm has a 50 day moving average price of $46.88 and a 200-day moving average price of $46.91. Docebo has a twelve month low of $31.34 and a twelve month high of $56.41. The company has a quick ratio of 1.26, a current ratio of 1.30 and a debt-to-equity ratio of 0.01.

Docebo (NASDAQ:DCBOGet Free Report) last released its quarterly earnings results on Friday, February 23rd. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.12. Docebo had a return on equity of 19.31% and a net margin of 3.55%. The firm had revenue of $49.28 million for the quarter, compared to analysts’ expectations of $48.46 million. Equities research analysts forecast that Docebo will post 0.73 earnings per share for the current year.

Hedge Funds Weigh In On Docebo

Institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. bought a new position in Docebo during the 4th quarter worth about $48,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Docebo by 56.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,238 shares of the company’s stock worth $173,000 after purchasing an additional 1,528 shares during the period. Virtu Financial LLC bought a new position in shares of Docebo during the fourth quarter valued at approximately $262,000. Aigen Investment Management LP purchased a new position in Docebo during the third quarter valued at approximately $266,000. Finally, Versor Investments LP purchased a new position in Docebo during the fourth quarter valued at approximately $358,000. Hedge funds and other institutional investors own 53.17% of the company’s stock.

Docebo Company Profile

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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.

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Analyst Recommendations for Docebo (NASDAQ:DCBO)

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