Couchbase (NASDAQ:BASE) Given New $20.00 Price Target at UBS Group

Couchbase (NASDAQ:BASE - Free Report) had its target price hoisted by UBS Group from $18.00 to $20.00 in a report released on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

BASE has been the subject of a number of other research reports. Barclays lowered their target price on shares of Couchbase from $23.00 to $22.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. Needham & Company LLC reiterated a "buy" rating and issued a $22.00 price objective on shares of Couchbase in a report on Wednesday. The Goldman Sachs Group reduced their target price on Couchbase from $18.00 to $16.00 and set a "sell" rating on the stock in a report on Thursday, February 27th. Piper Sandler upped their price target on Couchbase from $16.00 to $20.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, Morgan Stanley reduced their price objective on shares of Couchbase from $23.00 to $18.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $21.65.

Couchbase Price Performance

Shares of BASE stock traded up $0.33 on Wednesday, reaching $19.46. 895,776 shares of the stock were exchanged, compared to its average volume of 598,721. Couchbase has a one year low of $12.78 and a one year high of $21.54. The stock has a market cap of $1.05 billion, a PE ratio of -12.16 and a beta of 0.82. The stock has a 50 day moving average price of $16.82 and a 200 day moving average price of $16.87.

Couchbase (NASDAQ:BASE - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.02. The firm had revenue of $56.52 million during the quarter, compared to analysts' expectations of $55.59 million. Couchbase had a negative return on equity of 57.22% and a negative net margin of 39.31%. The company's quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.10) EPS. On average, research analysts expect that Couchbase will post -1.48 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, SVP Huw Owen sold 15,938 shares of the firm's stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $15.43, for a total transaction of $245,923.34. Following the completion of the sale, the senior vice president now owns 427,699 shares in the company, valued at approximately $6,599,395.57. This trade represents a 3.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 14.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Couchbase

A number of institutional investors have recently made changes to their positions in BASE. Vanguard Group Inc. lifted its holdings in Couchbase by 3.3% during the 4th quarter. Vanguard Group Inc. now owns 5,126,087 shares of the company's stock worth $79,916,000 after purchasing an additional 164,563 shares during the last quarter. Hood River Capital Management LLC increased its position in Couchbase by 38.2% during the fourth quarter. Hood River Capital Management LLC now owns 2,738,468 shares of the company's stock worth $42,693,000 after acquiring an additional 756,394 shares during the period. EVR Research LP increased its position in Couchbase by 2.0% during the fourth quarter. EVR Research LP now owns 2,590,000 shares of the company's stock worth $40,378,000 after acquiring an additional 50,000 shares during the period. Franklin Resources Inc. raised its stake in Couchbase by 26.8% in the 4th quarter. Franklin Resources Inc. now owns 2,089,104 shares of the company's stock worth $32,569,000 after purchasing an additional 441,770 shares in the last quarter. Finally, Wasatch Advisors LP grew its position in shares of Couchbase by 72.0% during the 4th quarter. Wasatch Advisors LP now owns 1,703,267 shares of the company's stock worth $26,554,000 after purchasing an additional 712,936 shares in the last quarter. Institutional investors own 96.07% of the company's stock.

About Couchbase

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.