Brokerages Set Couchbase, Inc. (NASDAQ:BASE) Price Target at $21.88

Shares of Couchbase, Inc. (NASDAQ:BASEGet Rating) have been given an average recommendation of “Moderate Buy” by the nine research firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $21.88.

Several brokerages recently commented on BASE. DA Davidson began coverage on Couchbase in a report on Tuesday, June 14th. They issued a “buy” rating and a $21.00 price objective for the company. Robert W. Baird cut their price objective on Couchbase from $35.00 to $25.00 and set an “outperform” rating for the company in a report on Friday, June 10th. Stifel Nicolaus cut their price objective on Couchbase from $25.00 to $20.00 in a report on Thursday, June 9th. The Goldman Sachs Group cut their price objective on Couchbase from $28.00 to $25.00 and set a “neutral” rating for the company in a report on Thursday, June 9th. Finally, Morgan Stanley lifted their target price on Couchbase from $17.00 to $18.00 and gave the company an “equal weight” rating in a research report on Thursday, June 9th.

Hedge Funds Weigh In On Couchbase

Several large investors have recently made changes to their positions in the business. Kalos Management Inc. lifted its position in shares of Couchbase by 9.0% in the fourth quarter. Kalos Management Inc. now owns 6,234 shares of the company’s stock valued at $288,000 after acquiring an additional 514 shares in the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of Couchbase by 145.6% in the first quarter. Ameritas Investment Partners Inc. now owns 1,822 shares of the company’s stock valued at $32,000 after acquiring an additional 1,080 shares in the last quarter. Metropolitan Life Insurance Co NY purchased a new position in shares of Couchbase in the first quarter valued at about $30,000. Swiss National Bank lifted its position in shares of Couchbase by 7.9% in the first quarter. Swiss National Bank now owns 25,800 shares of the company’s stock valued at $449,000 after acquiring an additional 1,900 shares in the last quarter. Finally, UBS Group AG lifted its position in shares of Couchbase by 71.3% in the first quarter. UBS Group AG now owns 4,664 shares of the company’s stock valued at $81,000 after acquiring an additional 1,942 shares in the last quarter. 62.93% of the stock is currently owned by hedge funds and other institutional investors.

Couchbase Trading Up 0.1 %

Couchbase stock opened at $16.51 on Monday. The firm has a market cap of $735.54 million and a price-to-earnings ratio of -5.73. The stock has a fifty day simple moving average of $16.05 and a two-hundred day simple moving average of $17.47. Couchbase has a 12 month low of $11.68 and a 12 month high of $52.26.

Couchbase (NASDAQ:BASEGet Rating) last posted its earnings results on Wednesday, June 8th. The company reported ($0.32) EPS for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.07. The business had revenue of $34.90 million during the quarter, compared to analyst estimates of $32.62 million. Couchbase had a negative return on equity of 33.71% and a negative net margin of 48.65%. The company’s revenue was up 24.6% on a year-over-year basis. On average, equities research analysts forecast that Couchbase will post -1.72 EPS for the current fiscal year.

Couchbase Company Profile

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Couchbase, Inc provides a database for enterprise applications worldwide. Its database works in multiple configurations, ranging from cloud to multi- or hybrid-cloud to on-premise environments to the edge. The company offers Couchbase Server, a multi-service NoSQL database, which provides SQL-compatible query language and SQL++, that allows for a various array of data manipulation functions; and Couchbase Capella, an automated and secure Database-as-a-Service that helps in database management by deploying, managing, and operating Couchbase Server across cloud environments.

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Analyst Recommendations for Couchbase (NASDAQ:BASE)

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