Shares of Couchbase, Inc. (NASDAQ:BASE – Get Rating) have earned a consensus recommendation of "Moderate Buy" from the nine ratings firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $22.00.

A number of analysts have recently commented on BASE shares. The Goldman Sachs Group cut their price target on Couchbase from $28.00 to $25.00 and set a "neutral" rating on the stock in a research note on Thursday, June 9th. Royal Bank of Canada cut their price objective on Couchbase from $27.00 to $25.00 in a research note on Monday, June 6th. Oppenheimer cut their price objective on Couchbase from $25.00 to $22.00 and set an "outperform" rating on the stock in a research note on Thursday, June 9th. Robert W. Baird cut their price objective on Couchbase from $25.00 to $22.00 and set an "outperform" rating on the stock in a research note on Thursday, September 8th. Finally, Morgan Stanley lifted their price objective on Couchbase from $18.00 to $19.00 and gave the stock an "equal weight" rating in a research note on Thursday, September 8th.

Couchbase Trading Up 2.8 %

Shares of BASE stock opened at $14.96 on Tuesday. The business's 50-day moving average price is $16.35 and its 200-day moving average price is $16.25. Couchbase has a 12 month low of $11.68 and a 12 month high of $47.38. The firm has a market capitalization of $670.00 million, a price-to-earnings ratio of -10.25 and a beta of 0.67.

Hedge Funds Weigh In On Couchbase

Institutional investors have recently added to or reduced their stakes in the business. Metropolitan Life Insurance Co NY acquired a new position in Couchbase in the first quarter valued at approximately $30,000. Ameritas Investment Partners Inc. increased its holdings in shares of Couchbase by 145.6% during 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. Amalgamated Bank bought a new stake in shares of Couchbase during the first quarter valued at approximately $45,000. Strs Ohio bought a new stake in shares of Couchbase during the second quarter valued at approximately $52,000. Finally, Ensign Peak Advisors Inc bought a new stake in shares of Couchbase during the first quarter valued at approximately $70,000. 64.94% of the stock is owned by institutional investors and hedge funds.

About Couchbase

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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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