Braze, Inc. (NASDAQ:BRZE) Stock Has Average Target Price of $43.95

Braze, Inc. (NASDAQ:BRZE) has been assigned a consensus rating of “Hold” from the twenty-three research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and five have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $43.95.

A number of research firms have commented on BRZE. Canaccord Genuity Group set a $47.50 target price on Braze in a report on Tuesday, October 20th. TD Cowen lowered shares of Braze from a “buy” rating to a “hold” rating and increased their price objective for the stock from $36.00 to $47.50 in a research note on Tuesday, October 20th. DA Davidson lowered shares of Braze from a “buy” rating to a “hold” rating and increased their price objective for the stock from $40.00 to $47.50 in a research note on Wednesday, October 21st. Weiss Ratings upgraded Braze from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, October 20th. Finally, UBS Group lowered Braze from a “buy” rating to a “hold” rating and set a $47.50 target price on the stock. in a research report on Tuesday, October 20th.

Braze Price Performance

Shares of BRZE stock opened at $45.80 on Tuesday. The firm has a fifty day moving average of $30.91 and a two-hundred day moving average of $24.57. The firm has a market cap of $5.20 billion, a P/E ratio of -44.47 and a beta of 0.91. Braze has a 1-year low of $15.26 and a 1-year high of $45.94. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.27 and a quick ratio of 1.27.

Braze (NASDAQ:BRZE) last issued its quarterly earnings results on Tuesday, September 8th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.16 by $0.03. The business had revenue of $227.23 million for the quarter, compared to analysts’ expectations of $220.27 million. Braze had a negative net margin of 13.55% and a negative return on equity of 16.11%. The company’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.15 earnings per share. Braze has set its FY 2027 guidance at 0.640-0.650 EPS and its Q3 2027 guidance at 0.130-0.140 EPS. As a group, research analysts anticipate that Braze will post -0.70 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CTO Jonathan Hyman sold 285,000 shares of the firm’s stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $45.33, for a total transaction of $12,919,050.00. Following the transaction, the chief technology officer directly owned 848,219 shares of the company’s stock, valued at approximately $38,449,767.27. This trade represents a 25.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Astha Malik sold 33,656 shares of Braze stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $27.65, for a total transaction of $930,588.40. Following the sale, the insider owned 278,138 shares in the company, valued at approximately $7,690,515.70. This represents a 10.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 498,568 shares of company stock worth $19,315,911. 12.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Braze

Several large investors have recently bought and sold shares of the stock. Fifth Third Bancorp acquired a new stake in shares of Braze in the first quarter worth $27,000. Harbor Investment Advisory LLC purchased a new stake in shares of Braze during the 2nd quarter worth about $36,000. Essential Partners LLC lifted its stake in Braze by 109.8% in the first quarter. Essential Partners LLC now owns 2,174 shares of the company’s stock valued at $51,000 after acquiring an additional 1,138 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Braze during the 2nd quarter worth $50,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Braze by 185.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,355 shares of the company’s stock worth $56,000 after purchasing an additional 1,531 shares during the last quarter. Institutional investors and hedge funds own 90.47% of the company’s stock.

Braze Company Profile

Braze, Inc is a customer engagement software company that provides a platform for businesses to build, manage and measure personalized interactions with consumers. Its technology is designed to help brands communicate with customers across digital channels, including mobile applications, websites, email, SMS and messaging services.

The Braze platform supports customer data collection and segmentation, campaign creation, journey orchestration, experimentation and engagement analytics. Its capabilities include in-app and web messaging, push notifications, email marketing, content personalization and automated lifecycle campaigns.