Morgan Stanley Lowers Docebo (NASDAQ:DCBO) Price Target to $65.00

Docebo (NASDAQ:DCBO) had its price objective decreased by Morgan Stanley from $67.00 to $65.00 in a research report released on Friday, Benzinga reports. Morgan Stanley currently has an overweight rating on the stock.

A number of other equities analysts have also commented on the stock. Stifel Nicolaus raised their price objective on shares of Docebo from $60.00 to $70.00 and gave the company a buy rating in a research report on Monday, February 26th. Eight Capital lowered their target price on shares of Docebo from $75.00 to $65.00 and set a buy rating on the stock in a research note on Monday, February 26th. Scotiabank raised their target price on shares of Docebo from $60.00 to $65.00 and gave the company a sector outperform rating in a research note on Monday, February 26th. TheStreet raised shares of Docebo from a d+ rating to a c- rating in a research note on Monday, March 18th. Finally, CIBC raised their target price on shares of Docebo from $49.81 to $58.00 and gave the company an outperform rating in a research note on Thursday, January 11th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $61.40.

Docebo Stock Performance

NASDAQ DCBO opened at $44.49 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market capitalization of $1.35 billion, a PE ratio of 494.39 and a beta of 1.64. Docebo has a 52-week low of $29.40 and a 52-week high of $56.41. The company has a 50-day simple moving average of $49.08 and a 200 day simple moving average of $46.38.

Docebo (NASDAQ:DCBO) last issued its earnings results on Friday, February 23rd. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.12. Docebo had a net margin of 1.57% and a return on equity of 12.45%. The firm had revenue of $49.28 million during the quarter, compared to analyst estimates of $48.46 million. On average, research analysts predict that Docebo will post 0.81 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in DCBO. PNC Financial Services Group Inc. raised its stake in shares of Docebo by 60.0% during the second quarter. PNC Financial Services Group Inc. now owns 800 shares of the company’s stock worth $32,000 after acquiring an additional 300 shares in the last quarter. Osaic Holdings Inc. increased its stake in shares of Docebo by 30.3% in the second quarter. Osaic Holdings Inc. now owns 1,085 shares of the company’s stock worth $43,000 after buying an additional 252 shares during the period. Qube Research & Technologies Ltd purchased a new position in shares of Docebo in the third quarter worth $49,000. Tower Research Capital LLC TRC increased its stake in shares of Docebo by 53.5% in the third quarter. Tower Research Capital LLC TRC now owns 1,639 shares of the company’s stock worth $66,000 after buying an additional 571 shares during the period. Finally, UBS Group AG increased its stake in shares of Docebo by 58.4% in the third quarter. UBS Group AG now owns 4,094 shares of the company’s stock worth $111,000 after buying an additional 1,510 shares during the period. 53.17% of the stock is owned by hedge funds and other institutional investors.

About Docebo

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.