Docebo Inc. (DCBO) To Go Ex-Dividend on November 16th

Docebo Inc. (NASDAQ:DCBO) announced a special dividend on Friday, November 6th. Shareholders of record on Monday, November 16th will be paid 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%

NASDAQ:DCBO opened at $28.97 on Friday. The business’s 50-day simple moving average is $26.09 and its two-hundred day simple moving average is $20.68. Docebo has a 52 week low of $14.39 and a 52 week high of $31.94. The stock has a market cap of $723.67 million, a PE ratio of 22.28 and a beta of 1.18.

Docebo (NASDAQ:DCBO) last released its quarterly earnings data on Friday, November 6th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. Docebo had a return on equity of 120.29% and a net margin of 12.98%. The firm had revenue of $70.33 million during the quarter, compared to analyst estimates of $68.47 million. Sell-side analysts anticipate that Docebo will post 1.45 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on DCBO shares. Zacks Research upgraded Docebo from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 19th. ATB Cormark Capital Markets cut their price objective on shares of Docebo from $36.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, July 20th. Needham & Company LLC lifted their price objective on shares of Docebo from $31.00 to $42.00 and gave the company a “buy” rating in a research report on Friday. National Bank Financial boosted their target price on shares of Docebo from $24.00 to $31.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 21st. Finally, Oppenheimer boosted their target price on shares of Docebo from $25.00 to $35.00 and gave the stock an “outperform” rating in a report on Monday, November 2nd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.