Docebo (NASDAQ:DCBO) Price Target Raised to $49.00

Docebo (NASDAQ:DCBO) had its price objective hoisted by ATB Cormark Capital Markets from $44.00 to $49.00 in a research note released on Monday morning,BayStreet reports. ATB Cormark Capital Markets currently has an outperform rating on the stock.

Several other equities research analysts have also commented on DCBO. Oppenheimer boosted their target price 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. Needham & Company LLC increased their price target on shares of Docebo from $31.00 to $42.00 and gave the company a “buy” rating in a report on Friday, November 6th. Canaccord Genuity Group raised their price objective on shares of Docebo from $36.00 to $41.50 and gave the company a “buy” rating in a research note on Monday. Zacks Research raised shares of Docebo from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 19th. Finally, National Bank Financial boosted their price objective on shares of Docebo from $31.00 to $32.00 and gave the stock a “sector perform” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Docebo currently has an average rating of “Moderate Buy” and an average target price of $36.25.

Docebo Price Performance

Docebo stock opened at $32.91 on Monday. The stock’s 50 day moving average price is $26.45 and its 200 day moving average price is $20.89. Docebo has a 1-year low of $14.39 and a 1-year high of $33.18. The company has a market cap of $821.96 million, a PE ratio of 25.32 and a beta of 1.18.

Docebo (NASDAQ:DCBO) last released its quarterly earnings data on Friday, November 6th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.02. Docebo had a return on equity of 233.03% and a net margin of 13.79%. The firm had revenue of $70.33 million during the quarter, compared to analysts’ expectations of $68.47 million. On average, equities research analysts anticipate that Docebo will post 1.52 EPS for the current fiscal year.

Docebo Dividend Announcement

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

Institutional Trading of Docebo

A number of institutional investors have recently bought and sold shares of DCBO. TD Waterhouse Canada Inc. boosted its position in Docebo by 4.4% during the third quarter. TD Waterhouse Canada Inc. now owns 44,535 shares of the company’s stock worth $981,000 after purchasing an additional 1,894 shares in the last quarter. Engineers Gate Manager LP increased its position in shares of Docebo by 25.4% in the second 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 in the last quarter. Allworth Financial LP purchased a new position in shares of Docebo in the second quarter valued at $52,000. K2 Principal Fund L.P. acquired a new position in shares of Docebo during the 2nd quarter worth $303,000. Finally, State of Wyoming acquired a new position in shares of Docebo during the 2nd quarter worth $137,000. 53.17% of the stock is currently owned by hedge funds and other institutional investors.

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.