Docebo (NASDAQ:DCBO) Price Target Raised to $32.00

Docebo (NASDAQ:DCBO) had its price target raised by National Bank Financial from $31.00 to $32.00 in a report issued on Monday,BayStreet reports. The brokerage currently has a sector perform rating on the stock.

Other analysts also recently issued reports about the company. Needham & Company LLC upped their price objective on Docebo from $31.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, November 6th. Weiss Ratings raised Docebo from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Oppenheimer lifted their target price on Docebo from $25.00 to $35.00 and gave the company an “outperform” rating in a research report on Monday, November 2nd. Zacks Research raised Docebo from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 19th. Finally, Wall Street Zen raised Docebo from a “hold” rating to a “buy” rating in a research note on Saturday, November 7th. 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 data from MarketBeat.com, Docebo has an average rating of “Moderate Buy” and a consensus price target of $36.25.

Docebo Trading Up 4.3%

NASDAQ DCBO opened at $32.91 on Monday. The firm’s 50 day simple moving average is $26.45 and its 200 day simple moving average is $20.89. The firm has a market capitalization of $821.96 million, a price-to-earnings ratio of 25.32 and a beta of 1.18. Docebo has a 1 year low of $14.39 and a 1 year 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 during the quarter, compared to the consensus estimate of $68.47 million. Docebo had a net margin of 13.79% and a return on equity of 233.03%. On average, equities research analysts forecast that Docebo will post 1.52 earnings per share for the current year.

Docebo Announces Dividend

The firm also recently declared 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 of this dividend is Monday, November 16th.

Institutional Trading of Docebo

Several institutional investors have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership raised its position in 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 last quarter. NewGen Asset Management Ltd bought a new stake in shares of Docebo in the 1st quarter valued at about $1,558,000. Engineers Gate Manager LP grew its position in shares of Docebo by 25.4% in the 2nd quarter. Engineers Gate Manager LP now owns 61,170 shares of the company’s stock valued at $1,094,000 after buying an additional 12,400 shares during the last quarter. Sei Investments Co. grew 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 valued at $979,000 after buying an additional 38,058 shares during the last quarter. Finally, TD Waterhouse Canada Inc. increased its stake in shares of 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 buying an additional 1,894 shares during the period. Institutional investors own 53.17% of the company’s stock.

About Docebo

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.