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Couchbase (NASDAQ:BASE) PT Lowered to $22.00

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Couchbase (NASDAQ:BASE – Get Rating) had its price target decreased by analysts at Robert W. Baird from $25.00 to $22.00 in a research report issued on Thursday, The Fly reports. The brokerage currently has an "outperform" rating on the stock. Robert W. Baird's price objective points to a potential upside of 41.03% from the stock's previous close.

A number of other equities research analysts have also issued reports on the stock. Barclays cut their price target on shares of Couchbase from $23.00 to $22.00 and set an "overweight" rating on the stock in a report on Thursday. Morgan Stanley raised their price target on shares of Couchbase from $17.00 to $18.00 and gave the stock an "equal weight" rating in a report on Thursday, June 9th. The Goldman Sachs Group cut their price target on shares of Couchbase from $28.00 to $25.00 and set a "neutral" rating on the stock in a report on Thursday, June 9th. DA Davidson initiated coverage on shares of Couchbase in a report on Tuesday, June 14th. They issued a "buy" rating and a $21.00 price target on the stock. Finally, Stifel Nicolaus cut their price target on shares of Couchbase from $25.00 to $20.00 in a report on Thursday, June 9th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Couchbase has a consensus rating of "Moderate Buy" and an average target price of $22.00.

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Couchbase Stock Performance

BASE stock opened at $15.60 on Thursday. Couchbase has a 52 week low of $11.68 and a 52 week high of $47.38. The firm's fifty day moving average is $16.68 and its 200 day moving average is $16.50. The firm has a market cap 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) EPS for the quarter, beating the consensus estimate of ($0.28) by $0.09. Couchbase had a negative net margin of 45.80% and a negative return on equity of 35.10%. The company had revenue of $39.79 million for the quarter, compared to analyst estimates of $35.86 million. During the same quarter last year, the firm earned ($1.76) EPS. The firm's quarterly revenue was up 34.0% compared to the same quarter last year. As a group, analysts forecast that Couchbase will post -1.72 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Legal & General Group Plc lifted its position in Couchbase by 10.9% during the 2nd quarter. Legal & General Group Plc now owns 6,307 shares of the company's stock valued at $103,000 after acquiring an additional 622 shares during the period. American International Group Inc. lifted its position in Couchbase by 6.3% during the 2nd quarter. American International Group Inc. now owns 12,403 shares of the company's stock valued at $204,000 after acquiring an additional 736 shares during the period. Ameritas Investment Partners Inc. lifted its position in Couchbase by 145.6% during the 1st 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 during the period. Metropolitan Life Insurance Co NY purchased a new position in Couchbase during the 1st quarter valued at about $30,000. Finally, Swiss National Bank lifted its position in Couchbase by 7.9% during the 1st 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 during the period. 64.94% of the stock is owned by hedge funds and other institutional investors.

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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