Couchbase (NASDAQ:BASE) Receives “Outperform” Rating from William Blair

Couchbase (NASDAQ:BASEGet Rating)‘s stock had its “outperform” rating reaffirmed by equities researchers at William Blair in a research report issued on Thursday, PriceTargets.com reports.

BASE has been the topic of a number of other research reports. Robert W. Baird reduced their target price on Couchbase from $25.00 to $22.00 and set an “outperform” rating on the stock in a report on Thursday. The Goldman Sachs Group reduced their target price on Couchbase from $28.00 to $25.00 and set a “neutral” rating on the stock in a report on Thursday, June 9th. Oppenheimer reduced their target price on Couchbase from $25.00 to $22.00 and set an “outperform” rating on the stock in a report on Thursday, June 9th. DA Davidson began coverage on Couchbase in a report on Tuesday, June 14th. They set a “buy” rating and a $21.00 target price on the stock. Finally, Barclays reduced their target price on Couchbase from $23.00 to $22.00 and set an “overweight” rating on the stock in a report on Thursday. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.00.

Couchbase Stock Down 0.7 %

Shares of BASE stock opened at $15.60 on Thursday. The stock has a 50-day moving average price of $16.68 and a 200 day moving average price of $16.50. The firm has a market cap of $695.00 million, a price-to-earnings ratio of -10.68 and a beta of 0.67. Couchbase has a 12 month low of $11.68 and a 12 month high of $47.38.

Couchbase (NASDAQ:BASEGet Rating) last announced its quarterly earnings data on Wednesday, September 7th. The company reported ($0.19) EPS for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.09. The firm 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 35.10% and a negative net margin of 45.80%. The company’s revenue was up 34.0% on a year-over-year basis. During the same period last year, the company earned ($1.76) earnings per share. Sell-side analysts predict that Couchbase will post -1.72 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Couchbase

Several institutional investors have recently modified their holdings of BASE. Metropolitan Life Insurance Co NY bought a new stake in Couchbase in the 1st quarter valued at approximately $30,000. Ameritas Investment Partners Inc. lifted its stake in Couchbase by 145.6% in the 1st quarter. Ameritas Investment Partners Inc. now owns 1,822 shares of the company’s stock valued at $32,000 after acquiring an additional 1,080 shares in the last quarter. Amalgamated Bank bought a new stake in Couchbase in the 1st quarter valued at approximately $45,000. Strs Ohio bought a new stake in Couchbase in the 2nd quarter valued at approximately $52,000. Finally, Ensign Peak Advisors Inc bought a new stake in Couchbase in the 1st quarter valued at approximately $70,000. Institutional investors 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.

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Analyst Recommendations for Couchbase (NASDAQ:BASE)

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