Couchbase, Inc. (NASDAQ:BASE – Get Free Report) has been given an average rating of “Moderate Buy” by the eleven ratings firms that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $32.40.
A number of equities research analysts have recently weighed in on BASE shares. Oppenheimer boosted their price target on Couchbase from $25.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Morgan Stanley upped their price objective on Couchbase from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 7th. Wells Fargo & Company upped their price objective on Couchbase from $26.00 to $34.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 5th. Robert W. Baird upped their price objective on Couchbase from $28.00 to $35.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. Finally, DA Davidson upped their price objective on Couchbase from $27.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th.
Insider Transactions at Couchbase
Institutional Trading of Couchbase
Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Couchbase by 13.1% in the fourth quarter. Vanguard Group Inc. now owns 3,801,595 shares of the company’s stock valued at $85,612,000 after buying an additional 441,704 shares during the period. BlackRock Inc. lifted its holdings in shares of Couchbase by 16.0% during the second quarter. BlackRock Inc. now owns 2,419,606 shares of the company’s stock valued at $38,278,000 after purchasing an additional 333,433 shares during the last quarter. Bamco Inc. NY lifted its holdings in shares of Couchbase by 1.4% during the fourth quarter. Bamco Inc. NY now owns 2,354,581 shares of the company’s stock valued at $31,222,000 after purchasing an additional 33,046 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Couchbase by 25.3% during the first quarter. First Trust Advisors LP now owns 1,494,952 shares of the company’s stock valued at $26,042,000 after purchasing an additional 302,069 shares during the last quarter. Finally, Portolan Capital Management LLC lifted its holdings in shares of Couchbase by 24.3% during the second quarter. Portolan Capital Management LLC now owns 1,409,865 shares of the company’s stock valued at $22,304,000 after purchasing an additional 276,019 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.
Couchbase Stock Up 0.5 %
Shares of BASE opened at $26.12 on Friday. The business’s 50 day moving average is $26.84 and its two-hundred day moving average is $21.68. Couchbase has a 52-week low of $13.28 and a 52-week high of $32.00. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of -15.36 and a beta of 0.72.
Couchbase (NASDAQ:BASE – Get Free Report) last announced its earnings results on Tuesday, March 5th. The company reported ($0.32) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.03. Couchbase had a negative return on equity of 53.93% and a negative net margin of 44.54%. The company had revenue of $50.09 million for the quarter, compared to analyst estimates of $46.56 million. On average, equities analysts expect that Couchbase will post -1.4 earnings per share for the current fiscal year.
About Couchbase
Couchbase, Inc provides a database for enterprise applications in the United States and internationally. 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 Capella, an automated and secure Database-as-a-Service that helps in database management by deploying, managing, and operating Couchbase Server across cloud environments; and 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.
Recommended Stories
- Five stocks we like better than Couchbase
- How to Start Investing in Real Estate
- Best Bear Market Funds: Top 3 Investment Options to Consider
- 3 REITs to Buy and Hold for the Long Term
- Is DraftKings A Good Bet Ahead of Q1 Earnings?
- 3 Best Fintech Stocks for a Portfolio Boost
- Mid-Cap Stocks to Outperform the Market This Cycle
Receive News & Ratings for Couchbase Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Couchbase and related companies with MarketBeat.com's FREE daily email newsletter.