Morgan Stanley Lowers Docebo (NASDAQ:DCBO) Price Target to $28.00

Docebo (NASDAQ:DCBO) had its price objective dropped by analysts at Morgan Stanley from $34.00 to $28.00 in a report released on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective suggests a potential upside of 19.25% from the stock’s previous close.

Other analysts also recently issued research reports about the company. TD Cowen reissued a “buy” rating and set a $37.00 target price on shares of Docebo in a research note on Friday, October 3rd. TD Securities assumed coverage on shares of Docebo in a research report on Friday, October 3rd. They set a “buy” rating and a $37.00 price objective on the stock. National Bankshares dropped their target price on shares of Docebo from $35.00 to $31.00 and set a “sector perform” rating for the company in a research report on Thursday, October 23rd. CIBC reduced their price target on shares of Docebo from $37.00 to $36.00 and set an “outperform” rating on the stock in a report on Wednesday, October 29th. Finally, Needham & Company LLC dropped their price objective on shares of Docebo from $42.00 to $38.00 and set a “buy” rating for the company in a report on Friday. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Docebo currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.55.

Docebo Price Performance

DCBO stock traded up $0.00 during trading on Monday, reaching $23.48. The company’s stock had a trading volume of 38,289 shares, compared to its average volume of 85,247. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.01. The company’s fifty day moving average is $28.05 and its 200-day moving average is $28.75. The company has a market capitalization of $674.73 million, a P/E ratio of 31.84 and a beta of 1.44. Docebo has a 1 year low of $22.79 and a 1 year high of $51.57.

Institutional Investors Weigh In On Docebo

Several hedge funds and other institutional investors have recently made changes to their positions in DCBO. Employees Retirement System of Texas bought a new stake in shares of Docebo in the 2nd quarter worth about $44,000. TD Waterhouse Canada Inc. raised its position in 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 purchasing an additional 1,805 shares during the period. Aigen Investment Management LP bought a new stake in Docebo in the first quarter worth about $263,000. 1832 Asset Management L.P. lifted its stake in Docebo by 112.6% in the first quarter. 1832 Asset Management L.P. now owns 10,631 shares of the company’s stock worth $305,000 after purchasing an additional 5,631 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Docebo by 29.1% during the second quarter. JPMorgan Chase & Co. now owns 11,294 shares of the company’s stock valued at $327,000 after buying an additional 2,546 shares during the period. Hedge funds and other institutional investors own 53.17% of the company’s stock.

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.