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Morgan Stanley Boosts Couchbase (NASDAQ:BASE) Price Target to $19.00

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Couchbase (NASDAQ:BASE – Get Rating) had its target price raised by Morgan Stanley from $18.00 to $19.00 in a research report report published on Thursday morning, Marketbeat.com reports. Morgan Stanley currently has an equal weight rating on the stock.

A number of other research analysts also recently issued reports on BASE. DA Davidson began coverage on shares of Couchbase in a research report on Tuesday, June 14th. They set a buy rating and a $21.00 price objective on the stock. The Goldman Sachs Group reduced their target price on shares of Couchbase from $28.00 to $25.00 and set a neutral rating on the stock in a research report on Thursday, June 9th. Barclays reduced their target price on shares of Couchbase from $23.00 to $22.00 and set an overweight rating on the stock in a research report on Thursday. Robert W. Baird reduced their target price on shares of Couchbase from $25.00 to $22.00 and set an outperform rating on the stock in a research report on Thursday. Finally, Royal Bank of Canada reduced their target price on shares of Couchbase from $27.00 to $25.00 in a research report on Monday, June 6th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average 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 company has a fifty day moving average of $16.68 and a 200 day moving average of $16.46. Couchbase has a 52 week low of $11.68 and a 52 week high of $47.38. The firm 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 issued its quarterly earnings data on Wednesday, September 7th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.28) by $0.09. The business had revenue of $39.79 million for the quarter, compared to the consensus estimate of $35.86 million. Couchbase had a negative net margin of 45.80% and a negative return on equity of 35.10%. The company's quarterly revenue was up 34.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($1.76) EPS. As a group, analysts anticipate that Couchbase will post -1.72 EPS for the current year.

Hedge Funds Weigh In On Couchbase

Several institutional investors have recently made changes to their positions in the business. West Rim Capital Associates II L.P. bought a new position in shares of Couchbase in the 4th quarter worth approximately $85,017,000. Vanguard Group Inc. lifted its stake in shares of Couchbase by 170.4% in the 1st quarter. Vanguard Group Inc. now owns 2,070,537 shares of the company's stock worth $36,069,000 after purchasing an additional 1,304,895 shares during the period. Brown Advisory Inc. lifted its stake in shares of Couchbase by 6.9% in the 1st quarter. Brown Advisory Inc. now owns 1,689,422 shares of the company's stock worth $29,496,000 after purchasing an additional 109,600 shares during the period. First Trust Advisors LP raised its stake in Couchbase by 25.3% during the 1st quarter. First Trust Advisors LP now owns 1,494,952 shares of the company's stock worth $26,042,000 after acquiring an additional 302,069 shares during the period. Finally, Frontier Capital Management Co. LLC increased its stake in shares of Couchbase by 34.3% in the first quarter. Frontier Capital Management Co. LLC now owns 1,390,395 shares of the company's stock worth $24,221,000 after purchasing an additional 355,145 shares in the last quarter. Institutional investors own 64.94% of the company's stock.

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.

Further Reading

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