Docebo (NASDAQ:DCBO) Price Target Cut to $55.00

Docebo (NASDAQ:DCBO) had its target price lowered by Canaccord Genuity Group from $65.00 to $55.00 in a research note released on Tuesday morning, Benzinga reports. The firm currently has a buy rating on the stock.

Several other research firms also recently commented on DCBO. Needham & Company LLC decreased their price objective on Docebo from $63.00 to $45.00 and set a buy rating for the company in a report on Monday, May 13th. National Bankshares decreased their price target on shares of Docebo from $65.00 to $55.00 and set an outperform rating for the company in a research note on Monday, May 13th. The Goldman Sachs Group dropped their price objective on shares of Docebo from $55.00 to $48.00 and set a neutral rating on the stock in a research note on Monday, May 13th. Canaccord Genuity Group boosted their target price on shares of Docebo from $50.00 to $65.00 and gave the stock a buy rating in a research report on Monday, February 26th. Finally, Stifel Nicolaus dropped their price target on shares of Docebo from $70.00 to $60.00 and set a buy rating on the stock in a research report on Monday, May 13th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $55.00.

Docebo Stock Up 0.8 %

Docebo stock opened at $37.26 on Tuesday. The company has a market capitalization of $1.13 billion, a PE ratio of 169.36 and a beta of 1.64. Docebo has a 12-month low of $31.34 and a 12-month high of $56.41. The firm’s fifty day moving average is $46.26 and its 200 day moving average is $46.83. The company has a quick ratio of 1.26, a current ratio of 1.30 and a debt-to-equity ratio of 0.01.

Docebo (NASDAQ:DCBO) last announced its quarterly earnings data on Friday, February 23rd. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.12. The firm had revenue of $49.28 million for the quarter, compared to analyst estimates of $48.46 million. Docebo had a net margin of 3.55% and a return on equity of 19.31%. As a group, sell-side analysts predict that Docebo will post 0.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. purchased a new stake in shares of Docebo during the 4th quarter valued at $48,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Docebo by 56.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,238 shares of the company’s stock valued at $173,000 after buying an additional 1,528 shares during the period. Virtu Financial LLC purchased a new stake in Docebo during the fourth quarter worth about $262,000. Aigen Investment Management LP bought a new stake in Docebo in the third quarter worth about $266,000. Finally, Versor Investments LP purchased a new position in Docebo in the fourth quarter valued at about $358,000. Hedge funds and other institutional investors 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.