Morgan Stanley Cuts Docebo (NASDAQ:DCBO) Price Target to $41.00

Docebo (NASDAQ:DCBO) had its price target cut by Morgan Stanley from $43.00 to $41.00 in a report issued on Wednesday, MarketBeat Ratings reports. They currently have an overweight rating on the stock.

A number of other equities research analysts have also commented on the company. Scotiabank dropped their price target on Docebo from $55.00 to $45.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, March 4th. Needham & Company LLC restated a “buy” rating and set a $42.00 target price on shares of Docebo in a report on Thursday, April 10th. Atb Cap Markets raised shares of Docebo from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 28th. Finally, UBS Group set a $45.00 price objective on shares of Docebo in a research report on Tuesday, March 4th. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $51.36.

Docebo Stock Performance

Shares of Docebo stock opened at $29.18 on Wednesday. The stock’s fifty day simple moving average is $32.38 and its 200 day simple moving average is $41.22. 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 market capitalization of $883.40 million, a PE ratio of 50.31 and a beta of 1.59. Docebo has a 12 month low of $26.00 and a 12 month high of $53.86.

Institutional Investors Weigh In On Docebo

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quantbot Technologies LP bought a new position in shares of Docebo in the 4th quarter valued at about $132,000. Tower Research Capital LLC TRC boosted its position in 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 purchasing an additional 949 shares during the last quarter. Barclays PLC bought a new position in Docebo in the third quarter valued at approximately $142,000. Deutsche Bank AG acquired a new position in shares of Docebo during the 4th quarter worth approximately $242,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Docebo during the 4th quarter worth approximately $255,000. 53.17% of the stock is owned by 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.