Couchbase (NASDAQ:BASE) Price Target Cut to $18.00 by Analysts at Morgan Stanley

Couchbase (NASDAQ:BASEGet Rating) had its price objective reduced by Morgan Stanley from $19.00 to $18.00 in a report issued on Monday, Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Other analysts have also recently issued research reports about the stock. Robert W. Baird decreased their target price on shares of Couchbase from $25.00 to $22.00 and set an outperform rating on the stock in a research note on Thursday, September 8th. William Blair reissued an outperform rating on shares of Couchbase in a research note on Thursday, September 8th. Finally, Barclays reduced their price objective on shares of Couchbase from $20.00 to $17.00 and set an overweight rating on the stock in a research note on Friday, November 18th. Two 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 currently has a consensus rating of Moderate Buy and an average price target of $21.25.

Couchbase Stock Up 3.6 %

Shares of BASE stock opened at $12.64 on Monday. The firm has a 50 day moving average price of $12.98 and a two-hundred day moving average price of $14.78. The company has a market capitalization of $566.15 million, a PE ratio of -8.66 and a beta of 0.54. Couchbase has a 12-month low of $10.19 and a 12-month high of $34.80.

Couchbase (NASDAQ:BASEGet Rating) last issued its quarterly earnings data on Wednesday, September 7th. The company reported ($0.34) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.39) by $0.05. The firm had revenue of $39.79 million during 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 35.92%. The business’s revenue for the quarter was up 34.0% compared to the same quarter last year. During the same period last year, the business posted ($1.76) earnings per share. As a group, research analysts expect that Couchbase will post -1.73 EPS for the current year.

Hedge Funds Weigh In On Couchbase

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Couchbase by 170.4% during the first quarter. Vanguard Group Inc. now owns 2,070,537 shares of the company’s stock valued at $36,069,000 after purchasing an additional 1,304,895 shares during the period. BlackRock Inc. raised its holdings in shares of Couchbase by 90.5% during the first quarter. BlackRock Inc. now owns 1,203,014 shares of the company’s stock valued at $20,956,000 after purchasing an additional 571,620 shares during the period. Driehaus Capital Management LLC acquired a new position in shares of Couchbase during the second quarter valued at about $7,791,000. EVR Research LP raised its holdings in shares of Couchbase by 24.1% during the third quarter. EVR Research LP now owns 2,120,000 shares of the company’s stock valued at $30,252,000 after purchasing an additional 411,099 shares during the period. Finally, Portolan Capital Management LLC acquired a new position in shares of Couchbase during the third quarter valued at about $4,421,000. Institutional investors and hedge funds own 64.94% of the company’s stock.

About Couchbase

(Get Rating)

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.

Featured Stories

Analyst Recommendations for Couchbase (NASDAQ:BASE)

Receive News & Ratings for Couchbase Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Couchbase and related companies with MarketBeat.com's FREE daily email newsletter.