Couchbase (NASDAQ:BASE – Get Rating) saw its price target lowered by Morgan Stanley stock research analysts from $22.00 to $17.00 in a research report on Thursday, Stock Target Advisor reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s target price indicates a potential upside of 33.23% from the company’s current price.

BASE has been the subject of several other research reports. William Blair reissued an “outperform” rating on Couchbase shares in a research note on Thursday, March 10. Barclays cut its target price on Couchbase from $30.00 to $26.00 and set an “overweight” rating for the company in a Thursday, March 10 research report. Goldman Sachs Group cut its target price on Couchbase from $37.00 to $28.00 and set a “neutral” rating for the company in a Thursday, April 14 research report. Stifel Nicolaus cut his target price on Couchbase from $41.00 to $25.00 and set a “buy” rating for the company in a Thursday, March 10 research report. Finally, Zacks Investment Research upgraded Couchbase from a “sell” rating to a “hold” rating in a Tuesday, May 10 research report. Three equity research analysts rated the stock with a hold rating and six gave the company a buy rating. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $28.63.

Shares of BASE were up $0.13 during Thursday trading hours, hitting $12.76. The company’s stock had a trading volume of 5,216 shares, compared to an average volume of 339,893. Couchbase has a 1-year low of $11.68 and a 1-year high of $52.26. The company has a 50-day moving average of $16.65 and a two-hundred-day moving average of $23.03.

Couchbase (NASDAQ:BASE – Get Rating) last reported results on Wednesday, March 9. The company reported ($0.30) earnings per share for the quarter, beating analyst consensus estimates of ($0.32) by $0.02. The company posted revenue of $35.06 million in the quarter, versus analyst estimates of $34.00 million. The company’s revenue for the quarter increased 19.2% year over year. Equity research analysts expect Couchbase to post -1.64 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently changed their stock holdings. Metropolitan Life Insurance Co NY acquired a new position in Couchbase during the first quarter worth $30,000. First Manhattan Co. acquired a new position in Couchbase during the third quarter worth $31,000. Ameritas Investment Partners Inc. increased its stake in Couchbase by 145.6% during the first quarter. Ameritas Investment Partners Inc. now owns 1,822 shares of the company worth $32,000 after acquiring 1,080 additional shares in the last quarter. Penserra Capital Management LLC purchased a new stake in Couchbase stock during the third quarter for $38,000. Finally, Citigroup Inc. purchased a new stake in Couchbase stock during the third quarter for $49,000. Institutional investors and hedge funds hold 62.93% of the company’s shares.

About Couchbase (Get an evaluation)

Couchbase, Inc provides a database for enterprise applications worldwide. Its database operates in multiple configurations, ranging from cloud to multi-cloud or hybrid to on-premises environments to the edge. The company offers Couchbase Server, a multi-service NoSQL database, which provides a SQL and SQL++ compatible query language, which enables a wide range of data manipulation functions; and Couchbase Capella, an automated and secure database as a service that makes database management easier by deploying, managing, and operating Couchbase Server in cloud environments.

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