Docebo Inc. (NASDAQ:DCBO) Stock Has Consensus Price Target of $36.25

Key Points

• Analysts rate Docebo a “Moderate Buy”: Of 14 analysts, nine recommend buying, one rates it a strong buy, and four recommend holding; the average 12-month price target is $36.25.
• Recent analysts raised price targets, including ATB Cormark to $49, Needham to $42, and Canaccord Genuity to $41.50.
• Docebo beat quarterly estimates, reporting EPS of $0.55 versus $0.53 expected and revenue of $70.33 million versus $68.47 million expected. It also declared a special dividend of C$2.42 per share.

Shares of Docebo Inc. (NASDAQ:DCBO - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the fourteen analysts that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $36.25.

A number of research analysts have recently issued reports on the company. Needham & Company LLC increased their target price on Docebo from $31.00 to $42.00 and gave the company a "buy" rating in a research report on Friday, November 6th. Canaccord Genuity Group boosted their price target on shares of Docebo from $36.00 to $41.50 and gave the stock a "buy" rating in a report on Monday, November 9th. Weiss Ratings raised shares of Docebo from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, October 8th. ATB Cormark Capital Markets increased their price objective on shares of Docebo from $44.00 to $49.00 and gave the company an "outperform" rating in a report on Monday, November 9th. Finally, Scotiabank lifted their target price on shares of Docebo from $25.00 to $35.00 and gave the company a "sector outperform" rating in a research report on Tuesday, November 10th.

Hedge Funds Weigh In On Docebo

A number of hedge funds have recently made changes to their positions in the company. TD Waterhouse Canada Inc. grew its position in shares of Docebo by 4.4% in the third 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. Allworth Financial LP bought a new stake in shares of Docebo in the second quarter valued at approximately $52,000. NewEdge Advisors LLC grew its stake in shares of Docebo by 1,101.5% in the first quarter. NewEdge Advisors LLC now owns 3,977 shares of the company's stock worth $69,000 after acquiring an additional 3,646 shares during the last quarter. Turtle Creek Asset Management Inc. increased its position in Docebo by 38.6% during the first 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 during the period. Finally, State of Wyoming bought a new position in Docebo during the second quarter valued at about $137,000. Institutional investors and hedge funds own 53.17% of the company's stock.

Docebo Price Performance

DCBO stock traded down $0.02 during midday trading on Friday, hitting $32.46. 72,531 shares of the stock traded hands, compared to its average volume of 65,552. Docebo has a 1-year low of $14.39 and a 1-year high of $33.19. The stock's fifty day simple moving average is $26.74 and its 200-day simple moving average is $21.02. The firm has a market cap of $810.85 million, a P/E ratio of 24.97 and a beta of 1.18.

Docebo (NASDAQ:DCBO - Get Free Report) last posted its earnings results on Friday, November 6th. The company reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.02. The firm had revenue of $70.33 million for the quarter, compared to analysts' expectations of $68.47 million. Docebo had a return on equity of 233.03% and a net margin of 13.79%. On average, research analysts predict that Docebo will post 1.52 earnings per share for the current year.

Docebo Dividend Announcement

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

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.

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