Docebo (NASDAQ:DCBO) Price Target Raised to $41.50

Docebo (NASDAQ:DCBO) had its price objective increased by Canaccord Genuity Group from $36.00 to $41.50 in a report published on Monday,BayStreet reports. The firm currently has a buy rating on the stock.

Several other analysts also recently issued reports on DCBO. Zacks Research raised Docebo from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 19th. National Bank Financial upped their price target on shares of Docebo from $31.00 to $32.00 and gave the stock a “sector perform” rating in a report on Monday. Wall Street Zen upgraded shares of Docebo from a “hold” rating to a “buy” rating in a report on Saturday, November 7th. Needham & Company LLC upped their price target on shares of Docebo from $31.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, November 6th. Finally, Oppenheimer upped their price target on shares of Docebo from $25.00 to $35.00 and gave the stock an “outperform” rating in a research report on Monday, November 2nd. One investment 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 company. According to MarketBeat, Docebo has an average rating of “Moderate Buy” and a consensus price target of $36.25.

Docebo Stock Up 4.3%

NASDAQ:DCBO opened at $32.91 on Monday. The business’s 50-day simple moving average is $26.45 and its two-hundred day simple moving average is $20.89. The stock has a market cap of $821.96 million, a PE ratio of 25.32 and a beta of 1.18. Docebo has a 52 week low of $14.39 and a 52 week high of $33.18.

Docebo (NASDAQ:DCBO) last announced its quarterly earnings data on Friday, November 6th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. The business had revenue of $70.33 million for the quarter, compared to the consensus estimate of $68.47 million. Docebo had a return on equity of 233.03% and a net margin of 13.79%. Sell-side analysts anticipate that Docebo will post 1.52 earnings per share for the current fiscal year.

Docebo Dividend Announcement

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

Institutional Investors Weigh In On Docebo

Hedge funds have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership grew its stake in shares of Docebo by 16.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 615,587 shares of the company’s stock worth $10,775,000 after purchasing an additional 86,038 shares during the period. NewGen Asset Management Ltd acquired a new position in shares of Docebo during the 1st quarter valued at about $1,558,000. Engineers Gate Manager LP increased its holdings in shares of Docebo by 25.4% during the 2nd quarter. Engineers Gate Manager LP now owns 61,170 shares of the company’s stock worth $1,094,000 after buying an additional 12,400 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Docebo by 211.7% in the 1st quarter. Sei Investments Co. now owns 56,034 shares of the company’s stock valued at $979,000 after purchasing an additional 38,058 shares during the last quarter. Finally, TD Waterhouse Canada Inc. lifted its stake in shares of Docebo by 4.4% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 44,535 shares of the company’s stock valued at $981,000 after purchasing an additional 1,894 shares during the last quarter. 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.