Docebo Inc. (NASDAQ:DCBO) Shareholders to Get C$2.42 Special Dividend

Docebo Inc. (NASDAQ:DCBO) declared a special dividend on Friday, November 6th. Investors of record on Monday, November 16th will be given a dividend of C$2.42 per share on Monday, November 30th. The ex-dividend date of this dividend is Monday, November 16th.

Docebo Stock Down 4.7%

DCBO traded down $1.43 during midday trading on Friday, reaching $28.97. The company had a trading volume of 230,588 shares, compared to its average volume of 130,585. The business has a 50-day moving average of $26.01 and a two-hundred day moving average of $20.63. The company has a market cap of $723.55 million, a P/E ratio of 25.41 and a beta of 1.18. Docebo has a 1 year low of $14.39 and a 1 year high of $31.94.

Docebo (NASDAQ:DCBO) last posted its quarterly earnings data on Friday, November 6th. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. Docebo had a return on equity of 120.29% and a net margin of 12.98%. On average, equities research analysts predict that Docebo will post 1.45 EPS for the current year.

Analyst Upgrades and Downgrades

DCBO has been the topic of several research analyst reports. Oppenheimer boosted their price objective on Docebo from $25.00 to $35.00 and gave the company an “outperform” rating in a research report on Monday. Wall Street Zen cut Docebo from a “buy” rating to a “hold” rating in a research report on Saturday, October 17th. Needham & Company LLC lifted their target price on Docebo from $31.00 to $42.00 and gave the company a “buy” rating in a research note on Friday. Zacks Research raised Docebo from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 19th. Finally, ATB Cormark Capital Markets dropped their price target on Docebo from $36.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday, July 20th. One 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, the stock has a consensus rating of “Moderate Buy” and an average target price of $32.40.

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.