Docebo (NASDAQ:DCBO) Given New $65.00 Price Target at Morgan Stanley

Docebo (NASDAQ:DCBO) had its price objective reduced by stock analysts at Morgan Stanley from $67.00 to $65.00 in a report released on Friday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s target price suggests a potential upside of 46.10% from the company’s previous close.

DCBO has been the topic of several other research reports. Eight Capital reduced their price target 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. The Goldman Sachs Group raised their price target on shares of Docebo from $44.00 to $55.00 and gave the stock a “neutral” rating in a research note on Monday, February 26th. CIBC increased their target price on shares of Docebo from $49.81 to $58.00 and gave the stock an “outperform” rating in a report on Thursday, January 11th. TheStreet upgraded shares of Docebo from a “d+” rating to a “c-” rating in a report on Monday, March 18th. Finally, Canaccord Genuity Group increased their price objective on shares of Docebo from $50.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, February 26th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $61.40.

Docebo Trading Up 0.1 %

Shares of DCBO opened at $44.49 on Friday. Docebo has a twelve month low of $29.40 and a twelve month high of $56.41. The company has a market cap of $1.35 billion, a P/E ratio of 494.39 and a beta of 1.64. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.01. The company’s fifty day simple moving average is $49.08 and its 200-day simple moving average is $46.44.

Docebo (NASDAQ:DCBO) last posted its quarterly earnings results on Friday, February 23rd. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.09 by $0.12. The company had revenue of $49.28 million for the quarter, compared to the consensus estimate of $48.46 million. Docebo had a net margin of 1.57% and a return on equity of 12.45%. As a group, analysts expect that Docebo will post 0.81 EPS for the current year.

Institutional Investors Weigh In On Docebo

Several institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its position 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 purchasing an additional 300 shares in the last quarter. Osaic Holdings Inc. grew its stake in Docebo by 30.3% during the 2nd 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 last quarter. Qube Research & Technologies Ltd acquired a new position in Docebo during the 3rd quarter valued at about $49,000. Tower Research Capital LLC TRC raised its stake in Docebo by 53.5% in the third quarter. Tower Research Capital LLC TRC now owns 1,639 shares of the company’s stock valued at $66,000 after buying an additional 571 shares during the last quarter. Finally, UBS Group AG raised its stake in Docebo by 58.4% in the third quarter. UBS Group AG now owns 4,094 shares of the company’s stock valued at $111,000 after buying an additional 1,510 shares during the last quarter. 53.17% of the stock is currently owned by institutional investors and hedge funds.

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.