Docebo (NASDAQ:DCBO) Stock Gets Price Target Bump from ATB Cormark Capital Markets

Docebo (NASDAQ:DCBO) had its target price lifted by research analysts at ATB Cormark Capital Markets from $44.00 to $49.00 in a research note issued to investors on Monday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. ATB Cormark Capital Markets‘s price objective suggests a potential upside of 57.00% from the stock’s previous close.

Several other analysts have also issued reports on the stock. Wall Street Zen upgraded shares of Docebo from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings upgraded Docebo from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Oppenheimer boosted their target price on Docebo from $25.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, November 2nd. Zacks Research upgraded Docebo from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 19th. Finally, National Bank Financial increased their target price on Docebo from $31.00 to $32.00 and gave the company a “sector perform” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Docebo currently has an average rating of “Moderate Buy” and a consensus price target of $35.25.

Docebo Trading Up 7.7%

Shares of DCBO traded up $2.24 during mid-day trading on Monday, reaching $31.21. The company’s stock had a trading volume of 59,244 shares, compared to its average volume of 130,248. Docebo has a 52 week low of $14.39 and a 52 week high of $31.94. The stock has a market cap of $779.53 million, a PE ratio of 24.01 and a beta of 1.18. The company’s fifty day moving average price is $26.09 and its two-hundred day moving average price is $20.68.

Docebo (NASDAQ:DCBO) last released its earnings results on Friday, November 6th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. The company had revenue of $70.33 million for the quarter, compared to analyst estimates of $68.47 million. Docebo had a net margin of 13.79% and a return on equity of 161.21%. Research analysts anticipate that Docebo will post 1.45 EPS for the current year.

Institutional Investors Weigh In On Docebo

Institutional investors and hedge funds have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership increased its stake in shares of Docebo by 16.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 615,587 shares of the company’s stock valued at $10,775,000 after buying an additional 86,038 shares during the period. NewGen Asset Management Ltd purchased a new stake in Docebo in the first quarter worth $1,558,000. Engineers Gate Manager LP lifted its stake in Docebo by 25.4% in the second quarter. Engineers Gate Manager LP now owns 61,170 shares of the company’s stock worth $1,094,000 after acquiring an additional 12,400 shares during the period. Sei Investments Co. boosted its holdings in Docebo by 211.7% in the first quarter. Sei Investments Co. now owns 56,034 shares of the company’s stock valued at $979,000 after acquiring an additional 38,058 shares in the last quarter. Finally, TD Waterhouse Canada Inc. boosted its holdings in Docebo by 4.4% in the third quarter. TD Waterhouse Canada Inc. now owns 44,535 shares of the company’s stock valued at $981,000 after acquiring an additional 1,894 shares in the last quarter. Hedge funds and other institutional investors own 53.17% of the company’s stock.

Docebo Company Profile

Docebo Inc develops learning management and learning technology solutions for businesses and other organizations. Its cloud-based platform is designed to help companies create, manage, deliver and measure training for employees, customers, partners and other learners.

The Docebo Learning Platform includes tools for course administration, content delivery, artificial intelligence-supported learning, reporting and analytics, and integrations with other enterprise software. The company also offers capabilities for creating and managing learning content, supporting instructor-led and virtual training, and delivering extended-enterprise education programs.

Founded in 2005 by Claudio Erba, Docebo is headquartered in Toronto, Canada, and serves organizations internationally.