Docebo (NASDAQ:DCBO) Price Target Cut to $44.00

Docebo (NASDAQ:DCBOGet Free Report) had its price target lowered by CIBC from $53.00 to $44.00 in a report released on Friday, Benzinga reports. The firm currently has an “outperformer” rating on the stock. CIBC’s price target indicates a potential upside of 19.76% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the stock. Stifel Nicolaus reduced their target price on shares of Docebo from $70.00 to $60.00 and set a “buy” rating for the company in a research note on Monday, May 13th. Needham & Company LLC reissued a “buy” rating and issued a $45.00 price target on shares of Docebo in a report on Wednesday, June 12th. Eight Capital lowered their target price on shares of Docebo from $65.00 to $60.00 and set a “buy” rating for the company in a report on Monday, May 13th. Morgan Stanley lowered their target price on shares of Docebo from $65.00 to $59.00 and set an “overweight” rating for the company in a report on Monday, May 13th. Finally, The Goldman Sachs Group lowered their target price on shares of Docebo from $55.00 to $48.00 and set a “neutral” rating for the company in a report on Monday, May 13th. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Docebo presently has an average rating of “Moderate Buy” and an average target price of $54.50.

Check Out Our Latest Analysis on DCBO

Docebo Stock Down 0.4 %

Shares of DCBO traded down $0.14 during mid-day trading on Friday, reaching $36.74. The company’s stock had a trading volume of 71,602 shares, compared to its average volume of 111,710. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.01. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 166.68 and a beta of 1.52. Docebo has a 1 year low of $33.81 and a 1 year high of $56.41. The business has a fifty day moving average of $40.29 and a 200 day moving average of $45.32.

Docebo (NASDAQ:DCBOGet Free Report) last posted its earnings results on Thursday, May 9th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.14 by $0.04. The firm had revenue of $51.40 million for the quarter, compared to the consensus estimate of $51.16 million. Docebo had a net margin of 3.55% and a return on equity of 19.31%. As a group, analysts forecast that Docebo will post 0.92 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Docebo

A number of large investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. bought a new position in shares of Docebo in the 4th quarter valued at $48,000. Virtu Financial LLC acquired a new position in Docebo during the 4th quarter worth about $262,000. Aigen Investment Management LP acquired a new position in Docebo during the 3rd quarter worth about $266,000. Versor Investments LP acquired a new position in Docebo during the 4th quarter worth about $358,000. Finally, Raymond James & Associates lifted its holdings in Docebo by 15.0% during the 4th quarter. Raymond James & Associates now owns 9,840 shares of the company’s stock worth $476,000 after buying an additional 1,282 shares during the period. Institutional investors own 53.17% of the company’s stock.

Docebo Company Profile

(Get Free Report)

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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