Morgan Stanley Has Lowered Expectations for Docebo (NASDAQ:DCBO) Stock Price

Docebo (NASDAQ:DCBO - Get Free Report) had its price target lowered by equities research analysts at Morgan Stanley from $43.00 to $41.00 in a research note issued to investors on Wednesday, Marketbeat.com reports. The firm currently has an "overweight" rating on the stock. Morgan Stanley's price target suggests a potential upside of 43.21% from the company's current price.

A number of other research analysts have also commented on DCBO. Atb Cap Markets upgraded Docebo from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. Needham & Company LLC reiterated a "buy" rating and issued a $42.00 price objective on shares of Docebo in a research report on Thursday, April 10th. UBS Group set a $45.00 target price on shares of Docebo in a research report on Tuesday, March 4th. Finally, Scotiabank dropped their price target on shares of Docebo from $55.00 to $45.00 and set a "sector outperform" rating for the company in a research note on Tuesday, March 4th. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Docebo presently has an average rating of "Buy" and an average target price of $51.36.

Docebo Price Performance

Shares of NASDAQ DCBO traded down $0.55 during trading on Wednesday, reaching $28.63. The company had a trading volume of 39,351 shares, compared to its average volume of 85,198. Docebo has a 52 week low of $26.00 and a 52 week high of $53.86. The business's 50 day moving average price is $32.38 and its 200-day moving average price is $41.20. The stock has a market cap of $866.74 million, a PE ratio of 49.36 and a beta of 1.59. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.13 and a current ratio of 1.13.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DCBO. Quantbot Technologies LP bought a new position in shares of Docebo during the 4th quarter valued at about $132,000. Tower Research Capital LLC TRC boosted its holdings in shares of Docebo by 46.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,983 shares of the company's stock valued at $134,000 after buying an additional 949 shares during the period. Barclays PLC bought a new stake in shares of Docebo during the third quarter worth $142,000. Deutsche Bank AG acquired a new stake in shares of Docebo during the fourth quarter worth $242,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Docebo in the 4th quarter valued at $255,000. 53.17% of the stock is owned by institutional investors and hedge funds.

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.