Couchbase, Inc. (NASDAQ:BASE) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Couchbase, Inc. (NASDAQ:BASE) have received an average recommendation of “Moderate Buy” from the fifteen research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $23.40.

A number of research analysts have issued reports on BASE shares. DA Davidson dropped their price target on shares of Couchbase from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Wells Fargo & Company dropped their price target on shares of Couchbase from $30.00 to $23.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. Morgan Stanley dropped their price target on shares of Couchbase from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 5th. Barclays boosted their target price on shares of Couchbase from $19.00 to $23.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Finally, Oppenheimer dropped their target price on shares of Couchbase from $25.00 to $23.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th.

Couchbase Price Performance

Shares of BASE stock opened at $20.33 on Thursday. The firm has a market cap of $1.04 billion, a P/E ratio of -12.79 and a beta of 0.59. Couchbase has a 1-year low of $13.53 and a 1-year high of $32.00. The firm has a fifty day moving average of $16.85 and a two-hundred day moving average of $18.41.

Couchbase (NASDAQ:BASE) last posted its quarterly earnings results on Wednesday, September 4th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.03. Couchbase had a negative net margin of 39.51% and a negative return on equity of 54.84%. The business had revenue of $51.60 million during the quarter, compared to analyst estimates of $51.11 million. During the same period in the previous year, the business posted ($0.44) EPS. The company’s quarterly revenue was up 19.7% on a year-over-year basis. On average, sell-side analysts expect that Couchbase will post -1.51 EPS for the current year.

Insiders Place Their Bets

In other news, Director Edward T. Anderson acquired 21,080 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was acquired at an average cost of $14.16 per share, with a total value of $298,492.80. Following the acquisition, the director now owns 85,902 shares in the company, valued at approximately $1,216,372.32. This represents a 32.52 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Huw Owen sold 6,736 shares of the company’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $15.07, for a total transaction of $101,511.52. Following the sale, the senior vice president now directly owns 373,647 shares of the company’s stock, valued at approximately $5,630,860.29. This represents a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,448 shares of company stock valued at $180,742 over the last ninety days. Corporate insiders own 16.10% of the company’s stock.

Hedge Funds Weigh In On Couchbase

Large investors have recently bought and sold shares of the stock. Ashton Thomas Private Wealth LLC bought a new position in shares of Couchbase during the 2nd quarter worth about $47,000. Point72 Hong Kong Ltd bought a new position in shares of Couchbase during the 2nd quarter worth about $67,000. Harbor Capital Advisors Inc. lifted its holdings in shares of Couchbase by 23.0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 6,012 shares of the company’s stock worth $110,000 after acquiring an additional 1,125 shares during the period. Arizona State Retirement System lifted its holdings in shares of Couchbase by 28.5% during the 2nd quarter. Arizona State Retirement System now owns 11,032 shares of the company’s stock worth $201,000 after acquiring an additional 2,445 shares during the period. Finally, Point72 Asset Management L.P. lifted its holdings in shares of Couchbase by 5.7% during the 2nd quarter. Point72 Asset Management L.P. now owns 13,000 shares of the company’s stock worth $237,000 after acquiring an additional 700 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Couchbase Company Profile

Couchbase, Inc provides cloud database platform for enterprise applications in the United States and internationally. 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 Capella, an automated and secure Database-as-a-Service that simplifies database management by deploying, managing, and operating Couchbase Server across cloud environments; and 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.