Morgan Stanley Downgrades Docebo (NASDAQ:DCBO) to Equal Weight

Docebo (NASDAQ:DCBO) was downgraded by Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research report issued on Monday, Marketbeat reports. They currently have a $32.00 target price on the stock, down from their previous target price of $41.00. Morgan Stanley’s price target would suggest a potential upside of 20.35% from the stock’s previous close.

Several other equities research analysts have also recently commented on DCBO. Scotiabank dropped their target price on Docebo from $55.00 to $45.00 and set a “sector outperform” rating on the stock in a report on Tuesday, March 4th. Needham & Company LLC reaffirmed a “buy” rating and set a $42.00 target price on shares of Docebo in a report on Thursday, April 10th. National Bank Financial lowered Docebo from an “outperform” rating to a “sector perform” rating in a report on Friday, May 9th. Atb Cap Markets raised Docebo from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th. Finally, National Bankshares lowered their target price on Docebo from $55.00 to $45.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $46.63.

Docebo Price Performance

Shares of NASDAQ:DCBO opened at $26.59 on Monday. Docebo has a 12 month low of $25.50 and a 12 month high of $53.86. The stock has a market cap of $789.43 million, a price-to-earnings ratio of 45.84 and a beta of 1.57. The stock’s 50 day moving average price is $29.81 and its 200 day moving average price is $39.51. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 1.13.

Institutional Investors Weigh In On Docebo

Several hedge funds have recently modified their holdings of the stock. Quantbot Technologies LP acquired a new stake in shares of Docebo during the fourth quarter valued at approximately $132,000. Tower Research Capital LLC TRC grew its holdings in shares of Docebo by 46.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,983 shares of the company’s stock valued at $134,000 after buying an additional 949 shares in the last quarter. Barclays PLC purchased a new position in shares of Docebo during the third quarter valued at $142,000. Deutsche Bank AG purchased a new position in shares of Docebo during the fourth quarter valued at $242,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Docebo during the fourth quarter valued at $255,000. 53.17% of the stock is owned by hedge funds and other institutional investors.

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.