Braze (NASDAQ:BRZE) Shares Gap Down – What’s Next?

Braze, Inc. (NASDAQ:BRZE)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $23.80, but opened at $22.79. Braze shares last traded at $24.28, with a volume of 98,234 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BRZE. Canaccord Genuity Group cut their target price on shares of Braze from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, May 28th. JPMorgan Chase & Co. upped their target price on Braze from $33.00 to $35.00 and gave the company an “overweight” rating in a report on Monday, July 6th. TD Cowen reissued a “buy” rating on shares of Braze in a report on Monday, June 15th. Stifel Nicolaus set a $30.00 price objective on Braze in a research report on Thursday, May 28th. Finally, DA Davidson restated a “buy” rating and set a $33.00 price objective on shares of Braze in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Braze presently has an average rating of “Moderate Buy” and an average target price of $34.76.

Braze Price Performance

The stock has a fifty day moving average price of $22.42 and a two-hundred day moving average price of $22.88. The company has a market cap of $2.83 billion, a P/E ratio of -22.44 and a beta of 0.85.

Braze (NASDAQ:BRZE) last issued its quarterly earnings data 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 analyst estimates of $205.19 million. Braze had a negative return on equity of 17.52% and a negative net margin of 15.51%.The business’s revenue for the quarter was up 30.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.07 EPS. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. As a group, analysts forecast that Braze, Inc. will post -0.76 earnings per share for the current year.

Institutional Investors Weigh In On Braze

A number of hedge funds and other institutional investors have recently modified their holdings of BRZE. NBC Securities Inc. bought a new position in Braze in the 4th quarter valued at about $27,000. Fifth Third Bancorp acquired a new stake in shares of Braze in the 1st quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of 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 acquiring an additional 803 shares in the last quarter. Harbor Investment Advisory LLC bought a new position in shares of Braze in the second quarter valued at approximately $36,000. Finally, Osaic Holdings Inc. increased its stake in shares of Braze by 821.1% during the second quarter. Osaic Holdings Inc. now owns 1,575 shares of the company’s stock valued at $44,000 after acquiring an additional 1,404 shares during the period. 90.47% of the stock is currently owned by institutional investors.

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.