Docebo (NASDAQ:DCBO) Price Target Raised to $35.00

Docebo (NASDAQ:DCBO) had its price target boosted by Scotiabank from $25.00 to $35.00 in a report published on Tuesday,Benzinga reports. They currently have a sector outperform rating on the stock.

A number of other equities analysts have also issued reports on DCBO. Canaccord Genuity Group increased their price target on Docebo from $36.00 to $41.50 and gave the company a “buy” rating in a research note on Monday. Oppenheimer boosted their price objective on Docebo from $25.00 to $35.00 and gave the stock an “outperform” rating in a research note on Monday, November 2nd. Wall Street Zen upgraded Docebo from a “hold” rating to a “buy” rating in a report on Saturday, November 7th. Stifel Nicolaus raised their target price on Docebo from $28.00 to $36.00 and gave the company a “buy” rating in a research note on Monday. Finally, Needham & Company LLC lifted their target price on Docebo from $31.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Docebo currently has a consensus rating of “Moderate Buy” and an average target price of $36.25.

Docebo Trading Down 1.3%

Shares of NASDAQ:DCBO opened at $32.48 on Tuesday. The company has a 50 day moving average of $26.60 and a 200-day moving average of $20.95. The firm has a market cap of $811.35 million, a P/E ratio of 24.98 and a beta of 1.18. Docebo has a twelve month low of $14.39 and a twelve month high of $33.19.

Docebo (NASDAQ:DCBO) last posted its quarterly earnings data on Friday, November 6th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. Docebo had a net margin of 13.79% and a return on equity of 233.03%. The business had revenue of $70.33 million for the quarter, compared to analyst estimates of $68.47 million. Equities research analysts forecast that Docebo will post 1.52 EPS for the current year.

Docebo Dividend Announcement

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

Institutional Investors Weigh In On Docebo

A number of institutional investors and hedge funds have recently modified their holdings of the stock. TD Waterhouse Canada Inc. raised its position in shares of 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 during the period. Engineers Gate Manager LP boosted 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 purchasing an additional 12,400 shares during the period. Allworth Financial LP acquired a new position in shares of Docebo in the 2nd quarter valued at $52,000. K2 Principal Fund L.P. acquired a new position in shares of Docebo in the 2nd quarter valued at $303,000. Finally, State of Wyoming purchased a new position in Docebo in the 2nd quarter worth about $137,000. Institutional investors and hedge funds own 53.17% of the company’s stock.

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.