Docebo (NASDAQ:DCBO – Get Free Report) had its price objective hoisted by stock analysts at National Bank Financial from $31.00 to $32.00 in a research report issued on Monday, BayStreet reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial‘s price target would indicate a potential upside of 2.53% from the company’s previous close.
DCBO has been the subject of several other research reports. Weiss Ratings raised Docebo from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. ATB Cormark Capital Markets dropped their target price on Docebo from $36.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, July 20th. Needham & Company LLC raised their target price on Docebo from $31.00 to $42.00 and gave the stock a “buy” rating in a report on Friday. Zacks Research upgraded Docebo from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 19th. Finally, Wall Street Zen raised Docebo from a “hold” rating to a “buy” rating in a report on Saturday. One 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 company’s stock. Based on data from MarketBeat, Docebo presently has a consensus rating of “Moderate Buy” and an average price target of $35.25.
View Our Latest Stock Report on DCBO
Docebo Stock Performance
NASDAQ DCBO traded up $2.24 during trading hours on Monday, reaching $31.21. The stock had a trading volume of 59,244 shares, compared to its average volume of 130,248. Docebo has a 52-week low of $14.39 and a 52-week high of $31.94. The stock has a fifty day moving average of $26.09 and a 200 day moving average of $20.68. The stock has a market cap of $779.53 million, a P/E ratio of 24.00 and a beta of 1.18.
Docebo (NASDAQ:DCBO – Get Free Report) last announced its quarterly earnings data on Friday, November 6th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. Docebo had a net margin of 13.79% and a return on equity of 161.21%. The business had revenue of $70.33 million during the quarter, compared to analysts’ expectations of $68.47 million. On average, equities research analysts forecast that Docebo will post 1.45 EPS for the current year.
Hedge Funds Weigh In On Docebo
A number of hedge funds have recently bought and sold shares of DCBO. Allworth Financial LP acquired a new stake in Docebo in the second quarter valued at approximately $52,000. NewEdge Advisors LLC raised its stake in shares of Docebo by 1,101.5% during the 1st quarter. NewEdge Advisors LLC now owns 3,977 shares of the company’s stock worth $69,000 after buying an additional 3,646 shares during the period. State of Wyoming purchased a new position in shares of Docebo during the 2nd quarter valued at approximately $137,000. K2 Principal Fund L.P. purchased a new position in shares of Docebo during the 2nd quarter valued at approximately $303,000. Finally, Turtle Creek Asset Management Inc. grew its stake in Docebo by 38.6% in the 1st quarter. Turtle Creek Asset Management Inc. now owns 21,200 shares of the company’s stock valued at $370,000 after acquiring an additional 5,900 shares during the period. Hedge funds and other 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.
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