Couchbase, Inc. (NASDAQ:BASE – Get Rating) – Research analysts at Oppenheimer issued their FY2024 earnings per share (EPS) estimates for Couchbase in a research note issued on Wednesday, April 20th. Oppenheimer analyst I. Kidron expects that the company will post earnings of ($1.35) per share for the year.
A number of other research analysts also recently issued reports on the stock. The Goldman Sachs Group dropped their price target on shares of Couchbase from $37.00 to $28.00 and set a “neutral” rating on the stock in a research report on Thursday, April 14th. Stifel Nicolaus decreased their price target on shares of Couchbase from $41.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, March 10th. Robert W. Baird reduced their target price on shares of Couchbase from $50.00 to $35.00 in a research note on Thursday, March 10th. Morgan Stanley cut their price target on shares of Couchbase from $24.00 to $22.00 and set an “equal weight” rating on the stock in a report on Thursday, March 10th. Finally, Royal Bank of Canada dropped their price objective on shares of Couchbase from $29.00 to $27.00 and set an “outperform” rating on the stock in a report on Thursday, March 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $29.25.
Couchbase (NASDAQ:BASE – Get Rating) last announced its quarterly earnings results on Wednesday, March 9th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $0.02. The company had revenue of $35.06 million for the quarter, compared to the consensus estimate of $34.00 million. The firm’s revenue was up 19.2% on a year-over-year basis.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Kalos Management Inc. grew its position in shares of Couchbase by 9.0% during the 4th quarter. Kalos Management Inc. now owns 6,234 shares of the company’s stock valued at $288,000 after acquiring an additional 514 shares during the period. First Manhattan Co. bought a new position in Couchbase in the 3rd quarter worth $31,000. Penserra Capital Management LLC purchased a new stake in Couchbase in the 3rd quarter worth $38,000. Citigroup Inc. purchased a new stake in Couchbase in the 3rd quarter worth $49,000. Finally, Deutsche Bank AG lifted its stake in Couchbase by 33.9% in the 4th quarter. Deutsche Bank AG now owns 8,106 shares of the company’s stock worth $203,000 after purchasing an additional 2,051 shares in the last quarter. Institutional investors own 45.38% of the company’s stock.
Couchbase Company Profile (Get Rating)
Couchbase, Inc develops and provides a NoSQL database for enterprises 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 that supports mission-critical applications at scale while allowing for sub-millisecond latencies and five-nines availability; and Couchbase Cloud, an automated and secure Database-as-a-Service that helps in database management by deploying, managing, and operating Couchbase Server across cloud environments, as well as provides transparent in-virtual private cloud and virtual network deployment, which secures and isolates data under a customer's control.
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