Morgan Stanley Lowers Couchbase (NASDAQ:BASE) Price Target to $17.00

Couchbase (NASDAQ:BASEGet Rating) had its price target decreased by equities research analysts at Morgan Stanley from $22.00 to $17.00 in a research report issued on Thursday, Stock Target Advisor reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s target price indicates a potential upside of 33.23% from the company’s current price.

BASE has been the subject of several other research reports. William Blair reissued an “outperform” rating on shares of Couchbase in a research note on Thursday, March 10th. Barclays decreased their target price on Couchbase from $30.00 to $26.00 and set an “overweight” rating for the company in a research report on Thursday, March 10th. The Goldman Sachs Group decreased their target price on Couchbase from $37.00 to $28.00 and set a “neutral” rating for the company in a research report on Thursday, April 14th. Stifel Nicolaus decreased their target price on Couchbase from $41.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, March 10th. Finally, Zacks Investment Research raised Couchbase from a “sell” rating to a “hold” rating in a research report on Tuesday, May 10th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $28.63.

Shares of BASE traded up $0.13 during trading hours on Thursday, reaching $12.76. The company’s stock had a trading volume of 5,216 shares, compared to its average volume of 339,893. Couchbase has a 1-year low of $11.68 and a 1-year high of $52.26. The company has a 50 day moving average of $16.65 and a two-hundred day moving average of $23.03.

Couchbase (NASDAQ:BASEGet Rating) last issued its earnings results on Wednesday, March 9th. The company reported ($0.30) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.02. The business had revenue of $35.06 million during the quarter, compared to analyst estimates of $34.00 million. The company’s revenue for the quarter was up 19.2% on a year-over-year basis. Equities research analysts expect that Couchbase will post -1.64 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Metropolitan Life Insurance Co NY acquired a new position in Couchbase during the first quarter worth $30,000. First Manhattan Co. acquired a new position in Couchbase during the third quarter worth $31,000. Ameritas Investment Partners Inc. raised its stake in Couchbase by 145.6% during the first quarter. Ameritas Investment Partners Inc. now owns 1,822 shares of the company’s stock worth $32,000 after acquiring an additional 1,080 shares in the last quarter. Penserra Capital Management LLC bought a new stake in shares of Couchbase during the third quarter worth $38,000. Finally, Citigroup Inc. bought a new stake in shares of Couchbase during the third quarter worth $49,000. Institutional investors and hedge funds own 62.93% 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.

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