William Blair reaffirmed their outperform rating on shares of Couchbase (NASDAQ:BASE – Get Rating) in a report released on Thursday morning, PriceTargets.com reports.
Several other research firms have also recently issued reports on BASE. Oppenheimer cut their target price on Couchbase from $25.00 to $22.00 and set an outperform rating for the company in a research report on Thursday, June 9th. DA Davidson assumed coverage on Couchbase in a research report on Tuesday, June 14th. They set a buy rating and a $21.00 target price for the company. The Goldman Sachs Group cut their target price on Couchbase from $28.00 to $25.00 and set a neutral rating for the company in a research report on Thursday, June 9th. Barclays cut their target price on Couchbase from $23.00 to $22.00 and set an overweight rating for the company in a research report on Thursday. Finally, Stifel Nicolaus cut their price target on Couchbase from $25.00 to $20.00 in a report on Thursday, June 9th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $22.00.
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Couchbase Stock Down 0.7 %
NASDAQ BASE opened at $15.60 on Thursday. The stock's 50-day moving average price is $16.68 and its 200-day moving average price is $16.46. Couchbase has a 52 week low of $11.68 and a 52 week high of $47.38. The company has a market capitalization of $695.00 million, a P/E ratio of -10.68 and a beta of 0.67.
Couchbase (NASDAQ:BASE – Get Rating) last released its earnings results on Wednesday, September 7th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.28) by $0.09. Couchbase had a negative return on equity of 35.10% and a negative net
margin of 45.80%. The firm had revenue of $39.79 million during the quarter, compared to analysts' expectations of $35.86 million. During the same quarter last year, the business posted ($1.76) earnings per share. The firm's revenue was up 34.0% on a year-over-year basis. Research analysts anticipate that Couchbase will post -1.72 EPS for the current year.
Hedge Funds Weigh In On Couchbase
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Verition Fund Management LLC purchased a new position in shares of Couchbase in the 2nd quarter worth approximately $251,000. Legal & General Group Plc lifted its stake in shares of Couchbase by 10.9% during the 2nd quarter. Legal & General Group Plc now owns 6,307 shares of the company's stock worth $103,000 after acquiring an additional 622 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Couchbase by 10.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 64,170 shares of the company's stock worth $1,053,000 after acquiring an additional 6,012 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Couchbase during the 2nd quarter worth approximately $268,000. Finally, Prudential Financial Inc. bought a new stake in shares of Couchbase during the 2nd quarter worth approximately $459,000. Hedge funds and other institutional investors own 64.94% of the company's stock.
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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