Couchbase (NASDAQ:BASE) Price Target Cut to $17.00 by Analysts at Barclays

Couchbase (NASDAQ:BASEGet Rating) had its price objective dropped by investment analysts at Barclays from $20.00 to $17.00 in a research report issued on Friday, The Fly reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price would suggest a potential upside of 47.70% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Robert W. Baird decreased their price objective on shares of Couchbase from $25.00 to $22.00 and set an “outperform” rating for the company in a research note on Thursday, September 8th. Morgan Stanley increased their price objective on shares of Couchbase from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Thursday, September 8th. Finally, William Blair reiterated an “outperform” rating on shares of Couchbase in a research note on Thursday, September 8th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $21.38.

Couchbase Price Performance

BASE opened at $11.51 on Friday. Couchbase has a fifty-two week low of $10.19 and a fifty-two week high of $41.26. The firm has a market capitalization of $515.53 million, a PE ratio of -7.88 and a beta of 0.54. The company’s 50-day moving average is $13.18 and its 200 day moving average is $14.93.

Couchbase (NASDAQ:BASEGet Rating) last posted its earnings results on Wednesday, September 7th. The company reported ($0.34) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.05. Couchbase had a negative net margin of 45.80% and a negative return on equity of 35.92%. The company had revenue of $39.79 million for the quarter, compared to analyst estimates of $35.86 million. During the same quarter in the prior year, the business posted ($1.76) EPS. The firm’s revenue was up 34.0% compared to the same quarter last year. As a group, analysts expect that Couchbase will post -1.73 EPS for the current year.

Institutional Investors Weigh In On Couchbase

Several large investors have recently modified their holdings of the stock. Legal & General Group Plc increased its stake in shares of Couchbase by 10.9% during the 2nd quarter. Legal & General Group Plc now owns 6,307 shares of the company’s stock worth $103,000 after purchasing an additional 622 shares during the last quarter. American International Group Inc. increased its stake in shares of Couchbase by 6.3% during the 2nd quarter. American International Group Inc. now owns 12,403 shares of the company’s stock worth $204,000 after purchasing an additional 736 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in shares of Couchbase by 145.6% during the 1st quarter. Ameritas Investment Partners Inc. now owns 1,822 shares of the company’s stock worth $32,000 after purchasing an additional 1,080 shares during the last quarter. Ensign Peak Advisors Inc increased its stake in shares of Couchbase by 40.8% during the 3rd quarter. Ensign Peak Advisors Inc now owns 5,660 shares of the company’s stock worth $81,000 after purchasing an additional 1,640 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY bought a new position in Couchbase in the 1st quarter worth approximately $30,000. Hedge funds and other institutional investors own 64.94% of the company’s stock.

About Couchbase

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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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