The Vanguard Group, Inc. recently announced the acquisition of new stake in Couchbase Inc. (NASDAQ:BASE). The institutional investor has increased its shareholding in the Technology company by 15.82% to 2.45 million shares with purchase of 0.33 million shares. This fresh investment now brings its stake to 5.42% valued currently at $32.47 million. In addition, BAMCO, Inc. raised its holdings by 0.31 million to 2.32 million shares. And EVR Research LP has lifted its position by 8.02% or 0.17 million shares – to 2.29 million shares.
With over 0.11 million Couchbase Inc. (BASE) shares trading Tuesday and a closing price of $13.78 on the day, the dollar volume was approximately $1.45 million. The shares have shown a negative half year performance of -14.04% and its price on 01/24/23 gained nearly 2.00%. Currently, there are 44.93M common shares owned by the public and among those 44.33M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 10 analysts who have offered their price forecasts for BASE have a consensus price objective of $17.89. The analysts have set the share’s price value over the next 12 months at a high of $21.00 and a low of $16.00. The average price target is 23.44% above its recent price level and an upside to the estimated low will see the stock gain 13.88% over that period. But an upside of 34.38% will see the stock hit the forecast high price target while median target price for the stock is $18.00.
Insiders at the company have transacted a total of 35 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 25 of these insider trades were purchases, accounting for 1,110,318 shares. Insider sales of the common stock occurred on 10 occasions, with total insider shares sold totaling 39,453 shares.
The top 3 mutual fund holders in Couchbase Inc. are Baron Discovery Fund, Belfius Equities – Robotics & Inn, and Vanguard Total Stock Market Index. Baron Discovery Fund owns 1.71 million shares of the company’s stock, all valued at over $22.67 million. Vanguard Total Stock Market Index now owns shares totaling to 1.66% of the shares outstanding.
Shares of Couchbase Inc. (NASDAQ: BASE) opened at $13.42, down -$0.09 from a prior closing price of $13.51. However, the script later moved the day high at 14.00, up 2.00%. The company’s stock has a 5-day price change of -0.72% and 9.98% over the past three months. BASE shares are trading 3.92% year to date (YTD), with the 12-month market performance down to -36.85% lower. It has a 12-month low price of $10.19 and touched a high of $25.03 over the same period. BASE has an average intraday trading volume of 200.18K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.59%, 5.26%, and -6.98% respectively.
Institutional ownership of Couchbase Inc. (NASDAQ: BASE) shares accounts for 93.30% of the company’s 44.93M shares outstanding. Mutual fund holders own 30.92%, while other institutional holders and individual stakeholders account for 36.25% and 19.07% respectively.
It has a market capitalization of $616.79M. The earnings-per-share (ttm) stands at -$1.47. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.31% over the week and 4.78% over the month.
Analysts forecast that Couchbase Inc. (BASE) will achieve an EPS of -$0.33 for the current quarter, -$0.33 for the next quarter and -$1.05 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.34 while analysts give the company a high EPS estimate of -$0.29. Comparatively, EPS for the current quarter was -$0.29 a year ago. Earnings per share for the fiscal year are expected to decrease by -123.00%, and 0.90% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 10 brokerage firm advisors rate Couchbase Inc. (BASE) as a “Strong Buy” at a consensus score of 1.90. Specifically, 5 Wall Street analysts polled rate the stock as a buy, while 3 of the 10 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the BASE, a number of firms have released research notes about the stock. Wedbush stated their Neutral rating for the stock in a research note on December 15, 2022, with the firm’s price target at $16. DA Davidson coverage for the Couchbase Inc. (BASE) stock in a research note released on June 15, 2022 offered a Buy rating with a price target of $21. William Blair was of a view on August 16, 2021 that the stock is Outperform, while Stifel gave the stock Buy rating on August 16, 2021, issuing a price target of $43. Robert W. Baird on their part issued Outperform rating on August 16, 2021.
