Braze, Inc. (NASDAQ:BRZE) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Braze, Inc. (NASDAQ:BRZE) have earned an average rating of “Moderate Buy” from the twenty-one ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nineteen have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $38.21.

Several equities research analysts have weighed in on BRZE shares. Citizens Jmp reissued a “market outperform” rating and set a $35.00 price target on shares of Braze in a research report on Monday. Barclays boosted their price objective on shares of Braze from $31.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, September 2nd. Citigroup reaffirmed a “market outperform” rating on shares of Braze in a research note on Monday. The Goldman Sachs Group reiterated a “buy” rating and set a $38.00 target price on shares of Braze in a report on Wednesday, September 9th. Finally, Raymond James Financial raised their target price on Braze from $27.00 to $33.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 9th.

Insiders Place Their Bets

In related news, CRO Edward M. Mcdonnell sold 29,732 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $31.38, for a total transaction of $932,990.16. Following the completion of the transaction, the executive owned 409,630 shares in the company, valued at $12,854,189.40. This represents a 6.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jonathan Hyman sold 42,000 shares of the firm’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $32.47, for a total value of $1,363,740.00. Following the completion of the sale, the chief technology officer directly owned 1,143,219 shares of the company’s stock, valued at $37,120,320.93. The trade was a 3.54% decrease in their position. 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. In the last 90 days, insiders sold 203,568 shares of company stock worth $6,096,461. 12.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP bought a new position in Braze in the first quarter worth about $14,294,000. Northwestern Mutual Wealth Management Co. boosted its position in Braze by 232,716.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 100,111 shares of the company’s stock valued at $3,433,000 after acquiring an additional 100,068 shares in the last quarter. Quantinno Capital Management LP boosted its position in Braze by 1,057.5% during the 1st quarter. Quantinno Capital Management LP now owns 199,292 shares of the company’s stock valued at $4,705,000 after acquiring an additional 182,074 shares in the last quarter. Squarepoint Ops LLC grew its holdings in shares of Braze by 13.3% during the 2nd quarter. Squarepoint Ops LLC now owns 391,337 shares of the company’s stock worth $8,488,000 after acquiring an additional 46,049 shares during the period. Finally, First Trust Advisors LP grew its holdings in shares of Braze by 252.9% during the 1st quarter. First Trust Advisors LP now owns 167,498 shares of the company’s stock worth $3,955,000 after acquiring an additional 120,033 shares during the period. 90.47% of the stock is owned by hedge funds and other institutional investors.

Braze Stock Performance

NASDAQ:BRZE opened at $26.34 on Friday. The firm has a market cap of $2.99 billion, a PE ratio of -25.57 and a beta of 0.91. Braze has a fifty-two week low of $15.26 and a fifty-two week high of $37.33. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.27 and a current ratio of 1.27. The business has a 50 day moving average price of $27.75 and a 200-day moving average price of $24.42.

Braze (NASDAQ:BRZE) last issued its earnings results on Tuesday, September 8th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.03. Braze had a negative net margin of 13.55% and a negative return on equity of 16.11%. The firm had revenue of $227.23 million for the quarter, compared to analysts’ expectations of $220.27 million. During the same quarter last year, the business earned $0.15 earnings per share. The business’s revenue was up 26.2% on a year-over-year basis. 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 research analysts predict that Braze will post -0.7 earnings per share for the current year.

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.