Docebo (NASDAQ:DCBO) Price Target Cut to $26.00 by Analysts at Morgan Stanley

Docebo (NASDAQ:DCBO) had its price objective reduced by research analysts at Morgan Stanley from $28.00 to $26.00 in a report issued on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price objective indicates a potential upside of 49.86% from the stock’s previous close.

DCBO has been the topic of a number of other reports. Wall Street Zen raised shares of Docebo from a “hold” rating to a “buy” rating in a report on Saturday. Cantor Fitzgerald lowered their target price on shares of Docebo from $35.00 to $28.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 21st. TD Securities upgraded shares of Docebo to a “strong-buy” rating in a research report on Thursday, January 15th. Scotiabank decreased their price target on shares of Docebo from $35.00 to $32.00 and set a “sector outperform” rating on the stock in a report on Friday, January 30th. Finally, Craig Hallum reissued a “buy” rating on shares of Docebo in a research note on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Docebo has an average rating of “Moderate Buy” and an average target price of $32.82.

Docebo Stock Performance

Shares of Docebo stock traded down $0.03 during trading hours on Monday, reaching $17.35. The company had a trading volume of 88,917 shares, compared to its average volume of 213,619. The firm has a market cap of $498.99 million, a PE ratio of 13.61 and a beta of 1.44. Docebo has a one year low of $16.07 and a one year high of $34.03. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.13 and a quick ratio of 1.13. The business has a fifty day simple moving average of $19.81 and a 200 day simple moving average of $24.06.

Hedge Funds Weigh In On Docebo

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Northwest & Ethical Investments L.P. purchased a new position in shares of Docebo during the 4th quarter valued at about $27,000. Employees Retirement System of Texas purchased a new position in shares of Docebo during the second quarter worth approximately $44,000. State of Wyoming purchased a new position in shares of Docebo during the fourth quarter worth approximately $72,000. Deutsche Bank AG lifted its holdings in shares of Docebo by 33.2% in the 4th quarter. Deutsche Bank AG now owns 3,533 shares of the company’s stock worth $78,000 after acquiring an additional 881 shares during the last quarter. Finally, TD Waterhouse Canada Inc. lifted its holdings in shares of Docebo by 39.5% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 6,380 shares of the company’s stock worth $172,000 after acquiring an additional 1,805 shares during the last quarter. 53.17% of the stock is currently owned by hedge funds and other institutional investors.

About Docebo

Docebo is a cloud-based learning management system (LMS) provider that offers enterprise organizations a comprehensive platform for employee, customer and partner training. The company’s software is designed to streamline learning and development with features such as AI-powered content recommendations, automated learning paths and social collaboration tools. Docebo’s platform supports multiple languages and integrates with a variety of third-party applications, enabling businesses to deliver training at scale across different departments and regions.

Founded in 2005 and headquartered in Toronto, Canada, Docebo has expanded its footprint to serve customers in North America, Europe, the Middle East and the Asia Pacific region.