Docebo (NASDAQ:DCBO) Sets New 1-Year High – Here’s What Happened

Docebo Inc. (NASDAQ:DCBO) shares reached a new 52-week high during trading on Thursday. The stock traded as high as $33.19 and last traded at $32.5240, with a volume of 7,496 shares changing hands. The stock had previously closed at $32.91.

Wall Street Analyst Weigh In

A number of analysts have weighed in on DCBO shares. Scotiabank increased their price objective on Docebo from $25.00 to $35.00 and gave the stock a “sector outperform” rating in a research report on Tuesday. Stifel Nicolaus boosted their target price on Docebo from $28.00 to $36.00 and gave the company a “buy” rating in a report on Monday. Zacks Research upgraded Docebo from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 19th. National Bank Financial upped their price target on Docebo from $31.00 to $32.00 and gave the stock a “sector perform” rating in a research note on Monday. Finally, Canaccord Genuity Group increased their price target on Docebo from $36.00 to $41.50 and gave the stock a “buy” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Docebo currently has an average rating of “Moderate Buy” and a consensus price target of $36.25.

Docebo Price Performance

The business’s 50 day moving average price is $26.45 and its 200-day moving average price is $20.89. The firm has a market capitalization of $813.84 million, a price-to-earnings ratio of 25.04 and a beta of 1.18.

Docebo (NASDAQ:DCBO) last posted its quarterly earnings results on Friday, November 6th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.02. The firm had revenue of $70.33 million during the quarter, compared to analysts’ expectations of $68.47 million. Docebo had a net margin of 13.79% and a return on equity of 233.03%. As a group, analysts expect that Docebo Inc. will post 1.52 earnings per share for the current fiscal year.

Docebo Announces Dividend

The firm also recently announced a special dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be given a dividend of C$2.42 per share. The ex-dividend date is Monday, November 16th.

Institutional Trading of Docebo

Several hedge funds have recently modified their holdings of DCBO. NewGen Asset Management Ltd acquired a new stake in shares of Docebo in the 1st quarter valued at approximately $1,558,000. Arrowstreet Capital Limited Partnership grew its holdings in Docebo by 16.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 615,587 shares of the company’s stock worth $10,775,000 after acquiring an additional 86,038 shares during the period. Sei Investments Co. grew its holdings in Docebo by 211.7% during the first quarter. Sei Investments Co. now owns 56,034 shares of the company’s stock worth $979,000 after acquiring an additional 38,058 shares during the period. K2 Principal Fund L.P. purchased a new position in Docebo in the second quarter worth $303,000. Finally, Engineers Gate Manager LP raised its position in 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. 53.17% of the stock is owned by institutional investors and hedge funds.

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.