Docebo (NASDAQ:DCBO) Price Target Raised to $31.00

Docebo (NASDAQ:DCBO) had its target price hoisted by National Bank Financial from $24.00 to $31.00 in a report released on Wednesday morning,BayStreet reports. They currently have a sector perform rating on the stock.

DCBO has been the subject of a number of other research reports. Weiss Ratings upgraded Docebo from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Wall Street Zen lowered Docebo from a “buy” rating to a “hold” rating in a research note on Saturday, October 17th. Zacks Research upgraded Docebo from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 19th. ATB Cormark Capital Markets dropped their price target on Docebo from $36.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, July 20th. Finally, Needham & Company LLC restated a “buy” rating and issued a $31.00 price target on shares of Docebo in a research note on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.82.

Docebo Price Performance

Shares of DCBO opened at $30.91 on Wednesday. The firm has a market capitalization of $774.30 million, a PE ratio of 27.11 and a beta of 1.22. The company’s 50-day moving average is $24.92 and its 200-day moving average is $20.77. Docebo has a fifty-two week low of $14.39 and a fifty-two week high of $31.27.

Docebo (NASDAQ:DCBO) last posted its earnings results on Friday, August 7th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.08. Docebo had a net margin of 12.98% and a return on equity of 120.29%. The company had revenue of $63.80 million during the quarter, compared to analysts’ expectations of $67.14 million. Analysts predict that Docebo will post 1.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Docebo

Several institutional investors and hedge funds have recently bought and sold shares of DCBO. Arrowstreet Capital Limited Partnership raised its position in shares of Docebo by 16.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 615,587 shares of the company’s stock valued at $10,775,000 after buying an additional 86,038 shares in the last quarter. NewGen Asset Management Ltd bought a new stake in shares of Docebo during the 1st quarter worth approximately $1,558,000. Sei Investments Co. boosted its position in shares of Docebo by 211.7% during 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. boosted its position in shares of 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 acquiring an additional 5,900 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its position in shares of Docebo by 74.4% during the 1st quarter. Lazard Asset Management LLC now owns 28,458 shares of the company’s stock worth $498,000 after acquiring an additional 12,141 shares in the last quarter. 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.