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

Docebo (NASDAQ:DCBO) had its price target cut by Morgan Stanley from $34.00 to $28.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price objective indicates a potential upside of 19.25% from the company’s current price.

Several other brokerages have also recently issued reports on DCBO. Wall Street Zen raised Docebo from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Zacks Research cut Docebo from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. TD Cowen restated a “buy” rating and set a $37.00 price target on shares of Docebo in a research note on Friday, October 3rd. Needham & Company LLC decreased their price objective on Docebo from $42.00 to $38.00 and set a “buy” rating for the company in a report on Friday. Finally, National Bankshares lowered their price objective on shares of Docebo from $35.00 to $31.00 and set a “sector perform” rating for the company in a research note on Thursday, October 23rd. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $38.55.

Docebo Trading Up 0.0%

DCBO stock traded up $0.00 during mid-day trading on Monday, reaching $23.48. The company had a trading volume of 38,289 shares, compared to its average volume of 85,247. The company has a market capitalization of $674.73 million, a PE ratio of 31.84 and a beta of 1.44. The firm has a 50 day moving average of $28.05 and a 200 day moving average of $28.75. Docebo has a 12 month low of $22.79 and a 12 month high of $51.57. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.04 and a quick ratio of 1.04.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Employees Retirement System of Texas acquired a new stake in shares of Docebo during the second quarter worth about $44,000. TD Waterhouse Canada Inc. lifted its stake in Docebo by 39.5% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 6,380 shares of the company’s stock valued at $172,000 after acquiring an additional 1,805 shares during the period. Aigen Investment Management LP acquired a new stake in Docebo during the 1st quarter valued at approximately $263,000. 1832 Asset Management L.P. boosted its holdings in shares of Docebo by 112.6% in the 1st quarter. 1832 Asset Management L.P. now owns 10,631 shares of the company’s stock valued at $305,000 after acquiring an additional 5,631 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Docebo by 29.1% in the second quarter. JPMorgan Chase & Co. now owns 11,294 shares of the company’s stock worth $327,000 after acquiring an additional 2,546 shares during the period. 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.