Docebo (NASDAQ:DCBO) Price Target Raised to $36.00

Docebo (NASDAQ:DCBO) had its price objective increased by Stifel Nicolaus from $28.00 to $36.00 in a research report released on Monday morning,BayStreet reports. They currently have a buy rating on the stock.

Several other research firms have also recently issued reports on DCBO. Weiss Ratings upgraded shares of Docebo from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. National Bank Financial raised their price objective on shares of Docebo from $31.00 to $32.00 and gave the company a “sector perform” rating in a research note on Monday. Zacks Research raised Docebo from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 19th. Wall Street Zen upgraded Docebo from a “hold” rating to a “buy” rating in a research report on Saturday, November 7th. Finally, Oppenheimer increased their price target on Docebo from $25.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, November 2nd. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $36.25.

Docebo Stock Up 4.3%

DCBO stock opened at $32.91 on Monday. The company has a 50-day simple moving average of $26.45 and a 200 day simple moving average of $20.89. The company has a market capitalization of $821.96 million, a P/E ratio of 25.32 and a beta of 1.18. Docebo has a fifty-two week low of $14.39 and a fifty-two week high of $33.18.

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. Docebo had a net margin of 13.79% and a return on equity of 233.03%. The firm had revenue of $70.33 million for the quarter, compared to analysts’ expectations of $68.47 million. Equities analysts anticipate that Docebo will post 1.52 EPS for the current year.

Docebo Announces Dividend

The business also recently announced a special dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 16th will be issued a C$2.42 dividend. The ex-dividend date is Monday, November 16th.

Institutional Investors Weigh In On Docebo

Several hedge funds have recently modified their holdings of DCBO. Allworth Financial LP purchased a new stake in shares of Docebo during the second quarter valued at $52,000. NewEdge Advisors LLC increased its stake in Docebo by 1,101.5% in the 1st quarter. NewEdge Advisors LLC now owns 3,977 shares of the company’s stock worth $69,000 after purchasing an additional 3,646 shares in the last quarter. State of Wyoming acquired a new stake in Docebo during the 2nd quarter worth about $137,000. K2 Principal Fund L.P. acquired a new stake in Docebo during the 2nd quarter worth about $303,000. Finally, Turtle Creek Asset Management Inc. raised its holdings in Docebo by 38.6% during the 1st quarter. Turtle Creek Asset Management Inc. now owns 21,200 shares of the company’s stock worth $370,000 after buying an additional 5,900 shares during the period. 53.17% of the stock is owned by hedge funds and other institutional investors.

Docebo Company Profile

Docebo Inc. develops cloud-based learning management software for businesses and other organizations. Its platform helps customers create, deliver and manage employee, customer and partner training, and includes tools for learning content, collaboration, reporting and integrations with other business applications. The company was founded in 2005 and is headquartered in Toronto, Canada. Docebo serves organizations across multiple industries and geographies, with its software designed for both in-person and remote learning programs.