Stifel Nicolaus Cuts Docebo (NASDAQ:DCBO) Price Target to $60.00

Docebo (NASDAQ:DCBOGet Free Report) had its target price dropped by equities researchers at Stifel Nicolaus from $70.00 to $60.00 in a report released on Monday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 66.71% from the stock’s current price.

A number of other research analysts also recently weighed in on DCBO. CIBC dropped their price target on Docebo from $58.00 to $53.00 and set an “outperformer” rating on the stock in a research note on Monday. Morgan Stanley lowered their target price on shares of Docebo from $65.00 to $59.00 and set an “overweight” rating for the company in a report on Monday. The Goldman Sachs Group decreased their price objective on shares of Docebo from $55.00 to $48.00 and set a “neutral” rating for the company in a report on Monday. TheStreet upgraded shares of Docebo from a “d+” rating to a “c-” rating in a research report on Monday, March 18th. Finally, Eight Capital cut their target price on shares of Docebo from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Monday. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Docebo presently has a consensus rating of “Moderate Buy” and an average price target of $56.50.

Get Our Latest Research Report on DCBO

Docebo Stock Performance

Shares of NASDAQ DCBO traded up $0.18 during midday trading on Monday, hitting $35.99. 268,103 shares of the company’s stock were exchanged, compared to its average volume of 98,363. The firm has a market capitalization of $1.09 billion, a PE ratio of 163.55 and a beta of 1.64. The company’s 50 day moving average price is $47.84 and its 200 day moving average price is $46.99. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.01. Docebo has a 12 month low of $29.77 and a 12 month high of $56.41.

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

Institutional Trading of Docebo

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Hillsdale Investment Management Inc. increased its stake in shares of Docebo by 19.3% during the first quarter. Hillsdale Investment Management Inc. now owns 738,692 shares of the company’s stock valued at $36,129,000 after buying an additional 119,434 shares during the period. National Bank of Canada FI boosted its holdings in Docebo by 291.7% in the fourth quarter. National Bank of Canada FI now owns 373,582 shares of the company’s stock worth $16,811,000 after acquiring an additional 278,201 shares in the last quarter. American Century Companies Inc. boosted its holdings in Docebo by 157.5% in the third quarter. American Century Companies Inc. now owns 252,247 shares of the company’s stock worth $10,229,000 after acquiring an additional 154,281 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in Docebo by 235.6% in the fourth quarter. Mackenzie Financial Corp now owns 247,916 shares of the company’s stock worth $11,978,000 after acquiring an additional 174,037 shares in the last quarter. Finally, Bridger Management LLC boosted its holdings in Docebo by 22.9% in the fourth quarter. Bridger Management LLC now owns 192,892 shares of the company’s stock worth $9,332,000 after acquiring an additional 36,000 shares in the last quarter. Hedge funds and other institutional investors own 53.17% of the company’s stock.

Docebo Company Profile

(Get Free Report)

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.

Featured Articles

Analyst Recommendations for Docebo (NASDAQ:DCBO)

Receive News & Ratings for Docebo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Docebo and related companies with MarketBeat.com's FREE daily email newsletter.