UBS Group Lowers Couchbase (NASDAQ:BASE) Price Target to $19.00

Couchbase (NASDAQ:BASE) had its price target lowered by UBS Group from $24.00 to $19.00 in a research report released on Thursday, Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other equities research analysts have also recently issued reports on BASE. Robert W. Baird dropped their target price on shares of Couchbase from $32.00 to $27.00 and set an outperform rating on the stock in a report on Thursday. Needham & Company LLC reissued a buy rating and set a $22.00 target price on shares of Couchbase in a report on Thursday. Royal Bank of Canada decreased their price target on shares of Couchbase from $35.00 to $31.00 and set an outperform rating on the stock in a research note on Thursday, June 6th. Guggenheim reissued a buy rating and issued a $30.00 price objective on shares of Couchbase in a report on Tuesday, June 25th. Finally, Piper Sandler cut their price target on Couchbase from $22.00 to $21.00 and set an overweight rating for the company in a research note on Thursday. One analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Couchbase presently has a consensus rating of Moderate Buy and a consensus price target of $22.93.

Couchbase Price Performance

BASE stock opened at $15.85 on Thursday. The stock has a market capitalization of $797.41 million, a P/E ratio of -9.66 and a beta of 0.61. The business has a 50-day moving average of $18.22 and a 200-day moving average of $22.26. Couchbase has a fifty-two week low of $14.12 and a fifty-two week high of $32.00.

Couchbase (NASDAQ:BASE) last issued its quarterly earnings results on Wednesday, September 4th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.03. The firm had revenue of $51.60 million for the quarter, compared to analysts’ expectations of $51.11 million. Couchbase had a negative net margin of 41.66% and a negative return on equity of 54.49%. The company’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.44) EPS. Equities analysts expect that Couchbase will post -1.45 EPS for the current year.

Insider Buying and Selling at Couchbase

In other Couchbase news, Director Jeff Epstein sold 7,277 shares of Couchbase stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $20.10, for a total transaction of $146,267.70. Following the completion of the transaction, the director now owns 28,027 shares in the company, valued at approximately $563,342.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Couchbase news, Director Jeff Epstein sold 7,277 shares of Couchbase stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $20.10, for a total transaction of $146,267.70. Following the transaction, the director now owns 28,027 shares of the company’s stock, valued at approximately $563,342.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Margaret Chow sold 2,290 shares of Couchbase stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $20.00, for a total transaction of $45,800.00. Following the transaction, the senior vice president now directly owns 192,458 shares in the company, valued at approximately $3,849,160. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,987 shares of company stock worth $668,568. Insiders own 16.10% of the company’s stock.

Institutional Investors Weigh In On Couchbase

A number of hedge funds have recently modified their holdings of BASE. Lord Abbett & CO. LLC bought a new stake in shares of Couchbase in the 1st quarter worth approximately $9,059,000. Vanguard Group Inc. grew its position in shares of Couchbase by 6.0% during the 1st quarter. Vanguard Group Inc. now owns 4,029,423 shares of the company’s stock valued at $106,014,000 after purchasing an additional 227,828 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of Couchbase by 346.2% during the 1st quarter. Acadian Asset Management LLC now owns 263,439 shares of the company’s stock valued at $6,928,000 after purchasing an additional 204,396 shares in the last quarter. Circumference Group LLC purchased a new position in Couchbase in the fourth quarter worth $4,504,000. Finally, EVR Research LP grew its position in Couchbase by 9.4% in the second quarter. EVR Research LP now owns 2,081,585 shares of the company’s stock worth $38,010,000 after acquiring an additional 179,585 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.