Braze, Inc. (NASDAQ:BRZE) Given Average Rating of “Moderate Buy” by Analysts

Shares of Braze, Inc. (NASDAQ:BRZE) have earned a consensus rating of “Moderate Buy” from the twenty analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eighteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $34.6471.

A number of research firms have weighed in on BRZE. The Goldman Sachs Group set a $34.00 price target on Braze and gave the stock a “buy” rating in a report on Wednesday, June 24th. Canaccord Genuity Group decreased their price target on Braze from $40.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, May 28th. Mizuho decreased their price target on Braze from $40.00 to $32.00 and set an “outperform” rating for the company in a report on Thursday, May 28th. BTIG Research restated a “buy” rating and issued a $30.00 price target on shares of Braze in a report on Tuesday, May 26th. Finally, JPMorgan Chase & Co. increased their target price on Braze from $32.00 to $33.00 and gave the company an “overweight” rating in a research note on Wednesday, March 25th.

Braze Stock Up 3.4%

NASDAQ BRZE opened at $21.69 on Wednesday. The stock has a market cap of $2.44 billion, a PE ratio of -19.37 and a beta of 0.83. Braze has a fifty-two week low of $15.26 and a fifty-two week high of $37.33. The business has a 50 day moving average price of $22.28 and a two-hundred day moving average price of $23.38.

Braze (NASDAQ:BRZE) last released its quarterly earnings results on Wednesday, May 27th. The company reported $0.10 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.10. The firm 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 quarter in the prior year, the business earned $0.07 EPS. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. Sell-side analysts anticipate that Braze will post -0.76 EPS for the current fiscal year.

Insider Activity at Braze

In other news, General Counsel Susan Wiseman sold 35,000 shares of the stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $20.29, for a total transaction of $710,150.00. Following the completion of the transaction, the general counsel directly owned 209,424 shares in the company, valued at approximately $4,249,212.96. This represents a 14.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 12.50% of the company’s stock.

Institutional Investors Weigh In On Braze

Several institutional investors and hedge funds have recently made changes to their positions in BRZE. NBC Securities Inc. bought a new stake in Braze in the fourth quarter valued at $27,000. Fifth Third Bancorp bought a new stake in Braze in the first quarter valued at $27,000. Caitong International Asset Management Co. Ltd lifted its stake in Braze by 3,650.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 825 shares of the company’s stock valued at $28,000 after buying an additional 803 shares during the last quarter. Osaic Holdings Inc. lifted its stake in Braze by 821.1% in the second quarter. Osaic Holdings Inc. now owns 1,575 shares of the company’s stock valued at $44,000 after buying an additional 1,404 shares during the last quarter. Finally, Quarry LP bought a new stake in Braze in the third quarter valued at $46,000. 90.47% of the stock is owned by institutional investors and hedge funds.

Braze Company Profile

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.