Docebo (NASDAQ:DCBO) Reaches New 52-Week High at $92.96

Docebo Inc. (NASDAQ:DCBO)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $92.96 and last traded at $87.00, with a volume of 214 shares. The stock had previously closed at $87.15.

Several brokerages recently commented on DCBO. National Bankshares raised their price objective on Docebo from $70.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday, August 13th. Berenberg Bank reaffirmed a “buy” rating on shares of Docebo in a research note on Monday, August 16th. TD Securities raised their price objective on Docebo from C$100.00 to C$130.00 and gave the stock a “buy” rating in a research note on Friday. National Bank Financial raised their price objective on Docebo from $70.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday, August 13th. Finally, CIBC increased their target price on Docebo from C$95.00 to C$125.00 and gave the stock an “outperform” rating in a report on Friday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Docebo presently has an average rating of “Buy” and a consensus target price of $83.60.

The stock has a fifty day simple moving average of $76.48 and a 200-day simple moving average of $59.65. The stock has a market cap of $2.74 billion and a P/E ratio of -322.00.

Docebo (NASDAQ:DCBO) last announced its quarterly earnings data on Thursday, August 12th. The company reported ($0.22) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.30). The firm had revenue of $25.63 million during the quarter, compared to the consensus estimate of $23.23 million. Analysts expect that Docebo Inc. will post -0.34 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Legal & General Group Plc grew its holdings in shares of Docebo by 51.3% in the 2nd quarter. Legal & General Group Plc now owns 469 shares of the company’s stock valued at $28,000 after acquiring an additional 159 shares in the last quarter. Advisor Group Holdings Inc. bought a new position in shares of Docebo in the 2nd quarter valued at about $40,000. Great West Life Assurance Co. Can grew its holdings in shares of Docebo by 93.2% in the 2nd quarter. Great West Life Assurance Co. Can now owns 989 shares of the company’s stock valued at $58,000 after acquiring an additional 477 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Docebo in the 1st quarter valued at about $46,000. Finally, Shell Asset Management Co. grew its holdings in shares of Docebo by 67.6% in the 1st quarter. Shell Asset Management Co. now owns 1,081 shares of the company’s stock valued at $46,000 after acquiring an additional 436 shares in the last quarter. Institutional investors own 27.51% of the company’s stock.

Docebo Company Profile (NASDAQ:DCBO)

Docebo Inc provides a cloud-based learning management system to train internal and external workforces, partners, and customers in North America, Europe, and the Asia-Pacific region. Its platform helps customers to centralize learning materials from peer enterprises and learners into one learning management system to expedite and enrich the learning process, increase productivity, and grow teams uniformly.

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