Oppenheimer Forecasts Strong Price Appreciation for Docebo (NASDAQ:DCBO) Stock

Docebo (NASDAQ:DCBO) had its target price raised by investment analysts at Oppenheimer from $25.00 to $35.00 in a report issued on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Oppenheimer‘s price target indicates a potential upside of 16.86% from the company’s current price.

DCBO has been the topic of several other reports. National Bank Financial lifted their price target on shares of Docebo from $24.00 to $31.00 and gave the company a “sector perform” rating in a report on Wednesday, October 21st. ATB Cormark Capital Markets dropped their price objective on shares of Docebo from $36.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday, July 20th. Zacks Research upgraded shares of Docebo from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 19th. Wall Street Zen cut shares of Docebo from a “buy” rating to a “hold” rating in a research note on Saturday, October 17th. Finally, Weiss Ratings upgraded shares of Docebo from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $31.30.

Docebo Trading Up 0.9%

Shares of NASDAQ:DCBO traded up $0.28 on Monday, reaching $29.95. 5,465 shares of the company’s stock were exchanged, compared to its average volume of 131,379. Docebo has a twelve month low of $14.39 and a twelve month high of $31.27. The company has a fifty day moving average of $25.57 and a 200-day moving average of $20.43. The company has a market capitalization of $750.25 million, a price-to-earnings ratio of 26.32 and a beta of 1.18.

Docebo (NASDAQ:DCBO) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.08. Docebo had a return on equity of 120.29% and a net margin of 12.98%. The business had revenue of $63.80 million during the quarter, compared to the consensus estimate of $67.14 million. As a group, equities research analysts forecast that Docebo will post 1.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DCBO. Arrowstreet Capital Limited Partnership boosted its position in 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 acquiring an additional 86,038 shares during the last quarter. NewGen Asset Management Ltd acquired a new stake in Docebo during the 1st quarter worth about $1,558,000. Sei Investments Co. raised its position in shares of Docebo by 211.7% in the 1st quarter. Sei Investments Co. now owns 56,034 shares of the company’s stock worth $979,000 after acquiring an additional 38,058 shares in the last quarter. Turtle Creek Asset Management Inc. lifted its stake in shares of Docebo by 38.6% in the 1st quarter. Turtle Creek Asset Management Inc. now owns 21,200 shares of the company’s stock valued at $370,000 after purchasing an additional 5,900 shares during the period. 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 period. 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.