CIBC Trims Docebo (NASDAQ:DCBO) Target Price to $53.00

Docebo (NASDAQ:DCBO) had its price objective cut by CIBC from $58.00 to $53.00 in a research note issued to investors on Monday morning, MarketBeat Ratings reports. They currently have an outperformer rating on the stock.

Several other research firms have also commented on DCBO. Canaccord Genuity Group boosted their price target on Docebo from $50.00 to $65.00 and gave the stock a buy rating in a research report on Monday, February 26th. Eight Capital decreased their target price on shares of Docebo from $75.00 to $65.00 and set a buy rating for the company in a research note on Monday, February 26th. TheStreet raised shares of Docebo from a d+ rating to a c- rating in a research note on Monday, March 18th. Needham & Company LLC cut their price objective on shares of Docebo from $63.00 to $45.00 and set a buy rating on the stock in a report on Monday. Finally, Morgan Stanley lowered their target price on Docebo from $67.00 to $65.00 and set an overweight rating for the company in a research note on Friday, April 19th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Docebo presently has a consensus rating of Moderate Buy and a consensus target price of $55.00.

Docebo Trading Down 1.5 %

Shares of DCBO stock opened at $36.80 on Monday. 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 has a fifty-two week low of $31.34 and a fifty-two week high of $56.41. The firm’s 50 day moving average price is $46.88 and its two-hundred day moving average price is $46.91. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 167.27 and a beta of 1.64.

Docebo (NASDAQ:DCBO) last issued its earnings results on Friday, February 23rd. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.12. Docebo had a net margin of 3.55% and a return on equity of 19.31%. The business had revenue of $49.28 million for the quarter, compared to the consensus estimate of $48.46 million. On average, analysts anticipate that Docebo will post 0.73 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Cidel Asset Management Inc. raised its position in shares of Docebo by 4.7% during the 3rd quarter. Cidel Asset Management Inc. now owns 18,530 shares of the company’s stock valued at $755,000 after acquiring an additional 838 shares in the last quarter. PNC Financial Services Group Inc. bought a new stake in Docebo during the fourth quarter valued at $48,000. Raymond James & Associates raised its holdings in shares of Docebo by 15.0% during the fourth quarter. Raymond James & Associates now owns 9,840 shares of the company’s stock worth $476,000 after purchasing an additional 1,282 shares during the period. Swiss National Bank lifted its position in shares of Docebo by 5.3% in the 1st quarter. Swiss National Bank now owns 30,225 shares of the company’s stock worth $1,477,000 after buying an additional 1,525 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Docebo by 56.4% in the 3rd 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. Institutional investors and hedge funds 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.