Braze (NASDAQ:BRZE) Upgraded by The Goldman Sachs Group to Strong-Buy Rating

The Goldman Sachs Group upgraded shares of Braze (NASDAQ:BRZE) to a strong-buy rating in a report published on Tuesday morning,Zacks.com reports.

BRZE has been the subject of a number of other reports. Cantor Fitzgerald reissued an “overweight” rating and set a $38.00 price objective on shares of Braze in a report on Thursday, May 28th. DA Davidson reissued a “buy” rating and set a $33.00 price target on shares of Braze in a report on Thursday, May 28th. TD Cowen reaffirmed a “buy” rating on shares of Braze in a research note on Monday, June 15th. UBS Group reaffirmed an “outperform” rating on shares of Braze in a report on Thursday, May 28th. Finally, Barclays boosted their target price on Braze from $29.00 to $31.00 and gave the stock an “overweight” rating in a report on Wednesday, March 25th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $34.65.

Braze Trading Up 1.1%

NASDAQ BRZE opened at $19.48 on Tuesday. Braze has a 1-year low of $15.26 and a 1-year high of $37.33. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of -17.39 and a beta of 0.83. The stock’s 50 day moving average is $22.39 and its two-hundred day moving average is $23.69.

Braze (NASDAQ:BRZE) last issued its earnings results on Wednesday, May 27th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.10. The business had revenue of $211.00 million during the quarter, compared to analysts’ expectations of $205.19 million. Braze had a negative return on equity of 17.52% and a negative net margin of 15.51%.Braze’s quarterly revenue was up 30.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.07 EPS. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. On average, analysts predict that Braze will post -0.76 earnings per share for the current year.

Insider Buying and Selling

In other news, General Counsel Susan Wiseman sold 35,000 shares of Braze stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $20.29, for a total value of $710,150.00. Following the completion of the sale, the general counsel directly owned 209,424 shares of the company’s stock, valued at approximately $4,249,212.96. This trade represents a 14.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 12.50% of the company’s stock.

Hedge Funds Weigh In On Braze

Several hedge funds have recently added to or reduced their stakes in the company. Optiver Holding B.V. raised its holdings in Braze by 532.2% during the 1st quarter. Optiver Holding B.V. now owns 2,712 shares of the company’s stock worth $64,000 after purchasing an additional 2,283 shares during the last quarter. Glenmede Trust Co. NA grew its position in shares of Braze by 36.5% during the 1st quarter. Glenmede Trust Co. NA now owns 538,845 shares of the company’s stock worth $12,722,000 after buying an additional 144,176 shares during the period. Essential Partners LLC grew its position in shares of Braze by 109.8% during the 1st quarter. Essential Partners LLC now owns 2,174 shares of the company’s stock worth $51,000 after buying an additional 1,138 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Braze by 185.8% during the first quarter. EverSource Wealth Advisors LLC now owns 2,355 shares of the company’s stock worth $56,000 after buying an additional 1,531 shares during the last quarter. Finally, California State Teachers Retirement System raised its stake in shares of Braze by 37.8% during the first quarter. California State Teachers Retirement System now owns 104,516 shares of the company’s stock worth $2,468,000 after buying an additional 28,666 shares during the last quarter. Institutional investors own 90.47% of the company’s stock.

About Braze

Braze, Inc is a publicly traded software company (NASDAQ: BRZE) that offers a customer engagement platform designed to help brands build personalized relationships with their users. Founded in 2011 as Appboy by Bill Magnuson, Jon Hyman and Mark Ghermezian, the company adopted the Braze name in 2017 to underscore its focus on fostering strong connections between businesses and consumers. Its cloud-based platform consolidates messaging channels including push notifications, in-app messages, email and SMS, enabling companies to deliver timely, context-driven communications at scale.

The core functionality of Braze’s platform centers on data-driven segmentation, customer journey orchestration and real-time analytics.