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

by · The Cerbat Gem

Docebo (NASDAQ:DCBO – Free Report) had its price objective hoisted by Oppenheimer from $25.00 to $35.00 in a research note published on Monday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other research firms have also recently weighed in on DCBO. National Bank Financial upped their price target on Docebo from $24.00 to $31.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 21st. Zacks Research raised Docebo from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 19th. Weiss Ratings upgraded Docebo from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. ATB Cormark Capital Markets reduced their target price on Docebo from $36.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday, July 20th. Finally, Wall Street Zen downgraded Docebo from a “buy” rating to a “hold” rating in a research note on Saturday, October 17th. 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, the stock has an average rating of “Moderate Buy” and a consensus price target of $31.30.

Get Our Latest Stock Analysis on DCBO

Docebo Stock Performance

DCBO stock opened at $30.89 on Monday. Docebo has a one year low of $14.39 and a one year high of $31.27. The firm’s fifty day moving average is $25.90 and its 200 day moving average is $20.58. The firm has a market cap of $771.63 million, a PE ratio of 27.10 and a beta of 1.18.

Docebo (NASDAQ:DCBO – Get Free Report) last issued its quarterly earnings data on Friday, August 7th. The company reported $0.35 earnings per share 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 business had revenue of $63.80 million during the quarter, compared to the consensus estimate of $67.14 million. Research 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 have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership lifted its position in shares of Docebo by 16.2% in 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 in the last quarter. NewGen Asset Management Ltd purchased a new stake in shares of Docebo during the first quarter worth approximately $1,558,000. Engineers Gate Manager LP increased its position in shares of Docebo by 25.4% during the second quarter. Engineers Gate Manager LP now owns 61,170 shares of the company’s stock worth $1,094,000 after purchasing an additional 12,400 shares in the last quarter. Sei Investments Co. increased its position in shares of Docebo by 211.7% during the first quarter. Sei Investments Co. now owns 56,034 shares of the company’s stock worth $979,000 after purchasing an additional 38,058 shares in the last quarter. Finally, TD Waterhouse Canada Inc. raised its stake in 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 last quarter. 53.17% of the stock is currently owned by institutional investors and hedge funds.

About Docebo

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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.

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