CIBC Lowers Docebo (NASDAQ:DCBO) Price Target to $44.00

Docebo (NASDAQ:DCBO) had its target price cut by investment analysts at CIBC from $53.00 to $44.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has an “outperformer” rating on the stock. CIBC’s price objective points to a potential upside of 18.89% from the company’s previous close.

A number of other research firms have also recently commented on DCBO. Needham & Company LLC reissued a “buy” rating and issued a $45.00 price target on shares of Docebo in a research note on Wednesday, June 12th. Canaccord Genuity Group reduced their target price on Docebo from $65.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, May 14th. Craig Hallum initiated coverage on Docebo in a research note on Friday, June 7th. They set a “buy” rating and a $58.00 price target for the company. Scotiabank reduced their price objective on Docebo from $65.00 to $50.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, May 14th. Finally, Stifel Nicolaus decreased their price objective on Docebo from $70.00 to $60.00 and set a “buy” rating on the stock in a report on Monday, May 13th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $54.50.

Docebo Price Performance

DCBO stock opened at $37.01 on Friday. The company has a market capitalization of $1.12 billion, a P/E ratio of 168.23 and a beta of 1.52. The company has a fifty day moving average price of $39.94 and a 200-day moving average price of $45.21. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.30 and a current ratio of 1.30. Docebo has a 52-week low of $33.81 and a 52-week high of $56.41.

Docebo (NASDAQ:DCBO) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.04. The firm had revenue of $51.40 million during the quarter, compared to the consensus estimate of $51.16 million. Docebo had a net margin of 3.55% and a return on equity of 19.31%. As a group, equities analysts expect that Docebo will post 0.92 EPS for the current year.

Institutional Investors Weigh In On Docebo

A number of large investors have recently added to or reduced their stakes in the company. Aigen Investment Management LP bought a new stake in shares of Docebo in the third quarter worth about $266,000. EAM Investors LLC purchased a new position in shares of Docebo during the third quarter valued at approximately $1,076,000. Graham Capital Management L.P. bought a new position in shares of Docebo during the third quarter valued at approximately $535,000. American Century Companies Inc. lifted its stake 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 during the period. Finally, Raymond James & Associates boosted its holdings in Docebo by 15.0% in the fourth quarter. Raymond James & Associates now owns 9,840 shares of the company’s stock valued at $476,000 after acquiring an additional 1,282 shares in the last quarter. 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.