Canaccord Genuity Group Lowers Docebo (NASDAQ:DCBO) Price Target to $55.00

Docebo (NASDAQ:DCBOFree Report) had its price objective lowered by Canaccord Genuity Group from $65.00 to $55.00 in a report issued on Tuesday morning, Benzinga reports. The firm currently has a buy rating on the stock.

Other analysts also recently issued reports about the company. Morgan Stanley lowered their price objective on Docebo from $65.00 to $59.00 and set an overweight rating for the company in a research note on Monday. Scotiabank lowered their price target on Docebo from $65.00 to $50.00 and set a sector outperform rating for the company in a research report on Tuesday. The Goldman Sachs Group dropped their price objective on Docebo from $55.00 to $48.00 and set a neutral rating on the stock in a research note on Monday. Stifel Nicolaus reduced their target price on shares of Docebo from $70.00 to $60.00 and set a buy rating for the company in a research note on Monday. Finally, CIBC dropped their price target on shares of Docebo from $58.00 to $53.00 and set an outperformer rating on the stock in a research report on Monday. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $55.00.

Read Our Latest Stock Analysis on Docebo

Docebo Price Performance

Shares of NASDAQ:DCBO opened at $37.35 on Tuesday. Docebo has a twelve month low of $29.77 and a twelve month high of $56.41. The stock’s 50 day moving average is $47.19 and its 200-day moving average is $46.98. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 169.77 and a beta of 1.64.

Docebo (NASDAQ:DCBOGet Free Report) last issued its quarterly earnings data on Friday, February 23rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.12. The firm had revenue of $49.28 million during the quarter, compared to analysts’ expectations of $48.46 million. Docebo had a net margin of 3.55% and a return on equity of 17.09%. Sell-side analysts forecast that Docebo will post 0.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of DCBO. PNC Financial Services Group Inc. bought a new stake in shares of Docebo in the 4th quarter worth approximately $48,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Docebo by 56.4% in 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 position in shares of Docebo during the 4th quarter valued at $262,000. Aigen Investment Management LP bought a new position in shares of Docebo during the 3rd quarter worth $266,000. Finally, Versor Investments LP bought a new position in shares of Docebo during the 4th quarter worth $358,000. 53.17% of the stock is owned by institutional investors.

About Docebo

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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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