Docebo (NASDAQ:DCBO) Stock Price Target Raised at Stifel Nicolaus

Docebo (NASDAQ:DCBO) had its price objective boosted by equities researchers at Stifel Nicolaus from $28.00 to $36.00 in a report released on Monday, BayStreet reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus‘s price target points to a potential upside of 15.34% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. ATB Cormark Capital Markets increased their price objective on shares of Docebo from $44.00 to $49.00 and gave the stock an “outperform” rating in a research report on Monday. National Bank Financial boosted their target price on Docebo from $31.00 to $32.00 and gave the company a “sector perform” rating in a research report on Monday. Needham & Company LLC upped their price target on Docebo from $31.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday. Wall Street Zen upgraded Docebo from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Canaccord Genuity Group raised their price target on Docebo from $36.00 to $41.50 and gave the stock a “buy” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Docebo currently has an average rating of “Moderate Buy” and a consensus target price of $35.25.

Docebo Trading Up 7.7%

DCBO traded up $2.24 on Monday, hitting $31.21. The company had a trading volume of 59,244 shares, compared to its average volume of 130,248. The company’s fifty day moving average price is $26.09 and its 200 day moving average price is $20.68. Docebo has a 1 year low of $14.39 and a 1 year high of $31.94. The firm has a market cap of $779.53 million, a P/E ratio of 24.01 and a beta of 1.18.

Docebo (NASDAQ:DCBO) last announced its earnings results on Friday, November 6th. The company reported $0.55 earnings per share for the quarter, topping 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 company had revenue of $70.33 million during the quarter, compared to analyst estimates of $68.47 million. On average, analysts predict that Docebo will post 1.45 earnings per share for the current year.

Institutional Investors Weigh In On Docebo

Large investors have recently added to or reduced their stakes in the business. TD Waterhouse Canada Inc. lifted its holdings in Docebo by 4.4% during the 3rd 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. Engineers Gate Manager LP grew its stake in shares of Docebo by 25.4% in the second quarter. Engineers Gate Manager LP now owns 61,170 shares of the company’s stock worth $1,094,000 after acquiring an additional 12,400 shares in the last quarter. Allworth Financial LP acquired a new position in shares of Docebo in the second quarter worth $52,000. K2 Principal Fund L.P. purchased a new stake in shares of Docebo during the second quarter worth $303,000. Finally, State of Wyoming acquired a new stake in shares of Docebo in the second quarter valued at $137,000. 53.17% of the stock is owned by hedge funds and other institutional investors.

About Docebo

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.