Braze’s (BRZE) Market Outperform Rating Reiterated at Citizens Jmp

Citizens Jmp restated their market outperform rating on shares of Braze (NASDAQ:BRZE) in a report released on Monday,Benzinga reports. They currently have a $35.00 target price on the stock.

A number of other brokerages also recently commented on BRZE. TD Cowen lifted their price target on shares of Braze from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, August 27th. Raymond James Financial raised their price target on Braze from $27.00 to $33.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 9th. Piper Sandler reissued an “overweight” rating and set a $30.00 price objective (up from $27.00) on shares of Braze in a research note on Wednesday, September 9th. Barclays increased their target price on shares of Braze from $31.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 2nd. Finally, Stephens restated a “hold” rating on shares of Braze in a report on Wednesday, September 9th. Nineteen investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.21.

Braze Stock Up 8.0%

Shares of NASDAQ BRZE opened at $28.46 on Monday. Braze has a 12-month low of $15.26 and a 12-month high of $37.33. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.27 and a quick ratio of 1.27. The firm’s 50-day moving average is $27.79 and its two-hundred day moving average is $24.48. The company has a market capitalization of $3.23 billion, a PE ratio of -27.63 and a beta of 0.91.

Braze (NASDAQ:BRZE) last announced its earnings results on Tuesday, September 8th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. The firm had revenue of $227.23 million for the quarter, compared to analysts’ expectations of $220.27 million. Braze had a negative return on equity of 16.11% and a negative net margin of 13.55%.Braze’s quarterly revenue was up 26.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.15 EPS. Braze has set its FY 2027 guidance at 0.640-0.650 EPS and its Q3 2027 guidance at 0.130-0.140 EPS. Equities analysts anticipate that Braze will post -0.7 EPS for the current fiscal year.

Insider Buying and Selling

In other Braze news, CTO Jonathan Hyman sold 42,000 shares of the business’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $32.47, for a total value of $1,363,740.00. Following the transaction, the chief technology officer owned 1,143,219 shares in the company, valued at $37,120,320.93. The trade was a 3.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Edward Mcdonnell sold 29,732 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $31.38, for a total transaction of $932,990.16. Following the completion of the transaction, the executive directly owned 409,630 shares of the company’s stock, valued at approximately $12,854,189.40. The trade was a 6.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 203,568 shares of company stock valued at $6,096,461 in the last quarter. Company insiders own 12.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BRZE. Caitong International Asset Management Co. Ltd grew its stake in Braze by 3,650.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 825 shares of the company’s stock valued at $28,000 after purchasing an additional 803 shares in the last quarter. Fifth Third Bancorp purchased a new stake in Braze during the 1st quarter worth approximately $27,000. Harbor Investment Advisory LLC acquired a new position in shares of Braze in the 2nd quarter valued at approximately $36,000. Essential Partners LLC boosted its stake in shares of Braze by 109.8% during the 1st quarter. Essential Partners LLC now owns 2,174 shares of the company’s stock valued at $51,000 after buying an additional 1,138 shares during the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Braze in the second quarter worth $50,000. 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 helps businesses build and manage personalized interactions with consumers. Its cloud-based platform enables organizations to collect and analyze customer data, create audience segments, and deliver marketing messages across multiple channels.

The Braze platform supports communication through mobile and web applications, email, SMS, messaging services, and other digital channels. Its offerings include campaign orchestration, customer journey management, in-app and browser messaging, personalization, analytics, experimentation, and artificial intelligence tools designed to help companies improve customer retention and engagement.

The company was founded in 2011 as Appboy by Bill Magnuson, Mark Ghermezian, and Jon Hyman, and later adopted the Braze name.