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

Docebo (NASDAQ:DCBO - Get Free Report) was downgraded by analysts at Morgan Stanley from an "overweight" rating to an "equal weight" rating in a note issued to investors on Monday,Briefing.com Automated Import reports. They currently have a $32.00 price objective on the stock. Morgan Stanley's price target indicates a potential upside of 20.66% from the company's previous close.

Several other analysts have also recently commented on the stock. National Bank Financial cut shares of Docebo from an "outperform" rating to a "sector perform" rating in a research note on Friday. Scotiabank reduced their price objective on shares of Docebo from $55.00 to $45.00 and set a "sector outperform" rating for the company in a research report on Tuesday, March 4th. National Bankshares dropped their target price on Docebo from $55.00 to $45.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. UBS Group set a $45.00 price target on Docebo in a report on Tuesday, March 4th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $42.00 price objective on shares of Docebo in a report on Thursday, April 10th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Docebo has a consensus rating of "Moderate Buy" and an average price target of $49.64.

Docebo Trading Down 17.2%

DCBO opened at $26.52 on Monday. Docebo has a 12 month low of $26.00 and a 12 month high of $53.86. The stock has a market capitalization of $787.35 million, a price-to-earnings ratio of 45.72 and a beta of 1.57. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 1.13. The business has a fifty day moving average price of $30.06 and a 200 day moving average price of $39.74.

Institutional Trading of Docebo

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quantbot Technologies LP bought a new stake in shares of Docebo during the 4th quarter worth $132,000. Tower Research Capital LLC TRC lifted its position in Docebo by 46.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,983 shares of the company's stock worth $134,000 after acquiring an additional 949 shares during the last quarter. Barclays PLC acquired a new position in Docebo during the 3rd quarter worth $142,000. Deutsche Bank AG bought a new stake in Docebo during the fourth quarter valued at about $242,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Docebo in the fourth quarter valued at about $255,000. Institutional investors and hedge funds own 53.17% of the company's stock.

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.

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