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.
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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.
Couchbase (NASDAQ:BASE – Get Rating) last announced its quarterly earnings results on Wednesday, September 7th. The company reported ($0.19) EPS for the quarter, beating analysts' consensus estimates of ($0.28) by $0.09. Couchbase had a negative return on equity of 35.92% and a negative net
margin of 45.80%. The firm had revenue of $39.79 million for the quarter, compared to analyst estimates of $35.86 million. During the same period last year, the firm posted ($1.76) earnings per share. The business's revenue for the quarter was up 34.0% on a year-over-year basis. On average, sell-side analysts predict that Couchbase will post -1.73 earnings per share for the current fiscal year.
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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