Couchbase (NASDAQ:BASE) Price Target Cut to $22.00 by Analysts at Barclays

Couchbase (NASDAQ:BASEGet Rating) had its price objective decreased by Barclays from $23.00 to $22.00 in a research report report published on Thursday, The Fly reports. Barclays currently has an overweight rating on the stock.

Several other research firms have also weighed in on BASE. Robert W. Baird lowered their price objective on Couchbase from $35.00 to $25.00 and set an outperform rating for the company in a research report on Friday, June 10th. The Goldman Sachs Group reduced their target price on Couchbase from $28.00 to $25.00 and set a neutral rating for the company in a research note on Thursday, June 9th. DA Davidson began coverage on Couchbase in a research note on Tuesday, June 14th. They issued a buy rating and a $21.00 target price for the company. Morgan Stanley raised their target price on Couchbase from $17.00 to $18.00 and gave the company an equal weight rating in a research note on Thursday, June 9th. Finally, Stifel Nicolaus reduced their target price on Couchbase from $25.00 to $20.00 in a research note on Thursday, June 9th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Couchbase currently has a consensus rating of Moderate Buy and a consensus target price of $22.00.

Couchbase Stock Up 5.8 %

Shares of NASDAQ:BASE opened at $15.71 on Thursday. The firm has a market cap of $699.90 million, a P/E ratio of -5.45 and a beta of 0.67. Couchbase has a 12-month low of $11.68 and a 12-month high of $47.38. The business has a fifty day simple moving average of $16.70 and a 200 day simple moving average of $16.53.

Couchbase (NASDAQ:BASEGet Rating) last announced its earnings results on Wednesday, September 7th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.28) by $0.09. The business had revenue of $39.79 million during the quarter, compared to analyst estimates of $35.86 million. Couchbase had a negative return on equity of 33.71% and a negative net margin of 48.65%. Couchbase’s revenue for the quarter was up 34.0% compared to the same quarter last year. During the same period last year, the company earned ($1.76) EPS. As a group, equities research analysts expect that Couchbase will post -1.72 EPS for the current year.

Hedge Funds Weigh In On Couchbase

A number of hedge funds and other institutional investors have recently modified their holdings of the business. West Rim Capital Associates II L.P. purchased a new position in shares of Couchbase in the 4th quarter worth approximately $85,017,000. Vanguard Group Inc. raised its holdings 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. raised its holdings in Couchbase by 6.9% during the 1st quarter. Brown Advisory Inc. now owns 1,689,422 shares of the company’s stock valued at $29,496,000 after acquiring an additional 109,600 shares during the period. First Trust Advisors LP raised its holdings in Couchbase by 25.3% during the 1st quarter. First Trust Advisors LP now owns 1,494,952 shares of the company’s stock valued at $26,042,000 after acquiring an additional 302,069 shares during the period. Finally, Frontier Capital Management Co. LLC raised its holdings in Couchbase by 34.3% during the 1st quarter. Frontier Capital Management Co. LLC now owns 1,390,395 shares of the company’s stock valued at $24,221,000 after acquiring an additional 355,145 shares during the period. Hedge funds and other institutional investors own 64.94% of the company’s stock.

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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