Docebo (NASDAQ:DCBO) Downgraded by Morgan Stanley to Equal Weight

Morgan Stanley downgraded shares of Docebo (NASDAQ:DCBO - Free Report) from an overweight rating to an equal weight rating in a report released on Monday morning, Marketbeat reports. Morgan Stanley currently has $32.00 price target on the stock, down from their previous price target of $41.00.

Other equities analysts have also recently issued reports about the stock. National Bank Financial cut shares of Docebo from an "outperform" rating to a "sector perform" rating in a research report on Friday, May 9th. Scotiabank lowered their price target on shares of Docebo from $55.00 to $45.00 and set a "sector outperform" rating on the stock in a research note on Tuesday, March 4th. UBS Group set a $45.00 price objective on shares of Docebo in a research note on Tuesday, March 4th. Needham & Company LLC restated a "buy" rating and set a $42.00 price objective on shares of Docebo in a research note on Thursday, April 10th. Finally, Atb Cap Markets upgraded shares of Docebo from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $45.43.

Docebo Price Performance

Shares of Docebo stock traded up $0.27 during midday trading on Monday, reaching $26.71. The company had a trading volume of 116,102 shares, compared to its average volume of 85,300. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $791.50 million, a price-to-earnings ratio of 46.05 and a beta of 1.57. The stock has a fifty day simple moving average of $29.59 and a 200 day simple moving average of $39.15. Docebo has a 1-year low of $25.50 and a 1-year high of $53.86.

Hedge Funds Weigh In On Docebo

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Barclays PLC acquired a new stake in Docebo during the 3rd quarter worth about $142,000. Rice Hall James & Associates LLC lifted its stake in Docebo by 24.7% in the fourth quarter. Rice Hall James & Associates LLC now owns 110,190 shares of the company's stock valued at $4,933,000 after buying an additional 21,806 shares during the period. Alberta Investment Management Corp boosted its holdings in shares of Docebo by 47.9% during the 4th quarter. Alberta Investment Management Corp now owns 57,279 shares of the company's stock worth $2,567,000 after buying an additional 18,544 shares in the last quarter. Cumberland Partners Ltd bought a new position in shares of Docebo during the 4th quarter worth approximately $2,138,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Docebo during the 4th quarter worth approximately $348,000. 53.17% of the stock is currently owned by institutional investors and hedge funds.

Docebo Company Profile

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.