Docebo (NASDAQ:DCBO) Upgraded at Wall Street Zen
by Sarita Garza · The Markets DailyWall Street Zen upgraded shares of Docebo (NASDAQ:DCBO – Free Report) from a hold rating to a buy rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.
A number of other research firms have also issued reports on DCBO. National Bank Financial lifted their price objective on shares of Docebo from $24.00 to $31.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 21st. Weiss Ratings upgraded shares of Docebo from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Oppenheimer upped their target price on shares of Docebo from $25.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, November 2nd. ATB Cormark Capital Markets lowered their price target on shares of 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 lifted their price target on shares of Docebo from $31.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Docebo currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.25.
Get Our Latest Stock Report on DCBO
Docebo Stock Performance
Shares of NASDAQ:DCBO opened at $31.18 on Friday. The company has a market cap of $778.88 million, a P/E ratio of 23.98 and a beta of 1.18. Docebo has a one year low of $14.39 and a one year high of $31.94. The business’s 50-day simple moving average is $26.20 and its 200 day simple moving average is $20.75.
Docebo (NASDAQ:DCBO – Get Free Report) last released its quarterly earnings results on Friday, November 6th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.53 by $0.02. The firm had revenue of $70.33 million for the quarter, compared to analyst estimates of $68.47 million. Docebo had a return on equity of 120.29% and a net margin of 12.98%. Analysts predict that Docebo will post 1.45 earnings per share for the current year.
Docebo Dividend Announcement
The firm also recently declared a special dividend, which will be paid on Monday, November 30th. Investors 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 hedge funds have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership increased its holdings 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 purchased a new position in shares of Docebo during the 1st quarter valued at approximately $1,558,000. Engineers Gate Manager LP boosted its stake in shares of Docebo by 25.4% during 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. boosted its stake in shares of Docebo by 211.7% during 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. grew 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 buying an additional 1,894 shares in the last quarter. Institutional investors and hedge funds own 53.17% of the company’s stock.
Docebo News Roundup
Here are the key news stories impacting Docebo this week:
- Positive Sentiment: Docebo reported quarterly EPS of $0.55, above the $0.53 consensus, and revenue of $70.33 million, ahead of expectations of $68.47 million. The stock reached a new 52-week high following the results. Docebo reaches a new 52-week high on strong earnings
- Positive Sentiment: Several firms raised their price targets and maintained bullish ratings: Stifel Nicolaus to $36 with a Buy rating, ATB Cormark to $49 with an Outperform rating, and Canaccord Genuity to $41.50 with a Buy rating. Stifel Nicolaus recommendations ATB Cormark recommendations Canaccord Genuity recommendations
- Neutral Sentiment: National Bank Financial raised its target slightly, from $31 to $32, but retained a Sector Perform rating, indicating a more measured view. National Bank Financial recommendations
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.
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