National Bank Financial Forecasts Strong Price Appreciation for Docebo (NASDAQ:DCBO) Stock

Docebo (NASDAQ:DCBO) had its price target increased by stock analysts at National Bank Financial from $24.00 to $31.00 in a note issued to investors on Wednesday, BayStreet reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 1.06% from the company’s current price.

A number of other equities analysts have also recently weighed in on the company. ATB Cormark Capital Markets dropped their price target on Docebo from $36.00 to $35.00 and set an “outperform” rating on the stock in a research note on Monday, July 20th. Weiss Ratings raised shares of Docebo from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Zacks Research raised shares of Docebo from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 19th. Wall Street Zen cut shares of Docebo from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Needham & Company LLC reissued a “buy” rating and issued a $31.00 target price on shares of Docebo in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Docebo presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.82.

Docebo Trading Up 1.5%

Shares of NASDAQ DCBO traded up $0.47 during mid-day trading on Wednesday, reaching $30.68. The company had a trading volume of 38,204 shares, compared to its average volume of 134,867. The company has a 50-day moving average price of $24.46 and a two-hundred day moving average price of $20.51. The stock has a market cap of $768.29 million, a PE ratio of 26.93 and a beta of 1.22. Docebo has a 1-year low of $14.39 and a 1-year high of $30.89.

Docebo (NASDAQ:DCBO) last announced its earnings results on Friday, August 7th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.27 by $0.08. Docebo had a return on equity of 120.29% and a net margin of 12.98%. The business had revenue of $63.80 million during the quarter, compared to the consensus estimate of $67.14 million. On average, research analysts expect that Docebo will post 1.44 EPS for the current year.

Institutional Trading of Docebo

A number of hedge funds have recently modified their holdings of DCBO. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Docebo by 16.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 615,587 shares of the company’s stock valued at $10,775,000 after purchasing an additional 86,038 shares in the last quarter. NewGen Asset Management Ltd purchased a new position in shares of Docebo during the first quarter valued at $1,558,000. Sei Investments Co. grew its holdings in shares of Docebo by 211.7% during the first 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 in the last quarter. DGS Capital Management LLC purchased a new position in shares of Docebo during the first quarter valued at $178,000. Finally, TD Waterhouse Canada Inc. grew its holdings 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 valued at $981,000 after buying an additional 1,894 shares in the last quarter. Hedge funds and other institutional investors own 53.17% of the company’s stock.

About Docebo

Docebo Inc develops cloud-based learning management software for businesses and other organizations. Its platform is designed to help companies create, manage and deliver employee, customer, partner and member education through online learning programs.

The Docebo Learning Platform includes tools for course administration, content creation and management, assessments, reporting, automation and artificial intelligence. It also supports extended-enterprise learning, enabling organizations to provide training to audiences outside their workforce.