Braze (NASDAQ:BRZE) Upgraded to “Strong-Buy” at BTIG Research

BTIG Research upgraded shares of Braze (NASDAQ:BRZE) to a strong-buy rating in a research note published on Tuesday morning,Zacks.com reports.

BRZE has been the subject of a number of other reports. Citizens Jmp reissued a “market outperform” rating and issued a $68.00 price objective on shares of Braze in a research note on Wednesday, December 10th. Needham & Company LLC restated a “buy” rating on shares of Braze in a research report on Wednesday, December 10th. Piper Sandler reaffirmed an “overweight” rating and issued a $50.00 price objective on shares of Braze in a research note on Wednesday, October 1st. Barclays boosted their target price on Braze from $39.00 to $45.00 and gave the company an “overweight” rating in a research report on Wednesday, December 10th. Finally, Wells Fargo & Company raised their price target on Braze from $40.00 to $45.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $46.95.

Braze Price Performance

NASDAQ BRZE opened at $34.72 on Tuesday. Braze has a 1-year low of $23.91 and a 1-year high of $48.33. The business has a 50 day simple moving average of $28.73 and a two-hundred day simple moving average of $28.61. The stock has a market capitalization of $3.86 billion, a PE ratio of -31.56 and a beta of 1.10.

Braze (NASDAQ:BRZE) last posted its earnings results on Tuesday, December 9th. The company reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. Braze had a negative return on equity of 17.87% and a negative net margin of 16.85%.The firm had revenue of $190.84 million during the quarter, compared to the consensus estimate of $198.25 million. During the same period in the prior year, the company earned $0.02 EPS. The company’s quarterly revenue was up 25.5% compared to the same quarter last year. Braze has set its FY 2026 guidance at 0.420-0.430 EPS and its Q4 2026 guidance at 0.130-0.140 EPS. On average, analysts anticipate that Braze will post -0.98 EPS for the current fiscal year.

Insider Activity at Braze

In other news, CEO William Magnuson sold 26,698 shares of Braze stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $26.64, for a total transaction of $711,234.72. Following the completion of the sale, the chief executive officer owned 694,746 shares of the company’s stock, valued at approximately $18,508,033.44. The trade was a 3.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Susan Wiseman sold 4,456 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $27.57, for a total value of $122,851.92. Following the completion of the sale, the general counsel owned 219,794 shares of the company’s stock, valued at $6,059,720.58. The trade was a 1.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 64,383 shares of company stock worth $1,719,307 over the last ninety days. 18.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Braze

A number of institutional investors and hedge funds have recently bought and sold shares of BRZE. Arizona State Retirement System raised its holdings in Braze by 1.7% in the third quarter. Arizona State Retirement System now owns 21,749 shares of the company’s stock worth $619,000 after purchasing an additional 363 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its stake in shares of Braze by 2.4% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 19,621 shares of the company’s stock worth $551,000 after acquiring an additional 461 shares in the last quarter. SBI Securities Co. Ltd. lifted its position in Braze by 34.3% during the third quarter. SBI Securities Co. Ltd. now owns 1,843 shares of the company’s stock valued at $52,000 after acquiring an additional 471 shares during the last quarter. CWM LLC lifted its position in Braze by 9.7% during the second quarter. CWM LLC now owns 6,009 shares of the company’s stock valued at $169,000 after acquiring an additional 532 shares during the last quarter. Finally, Quarry LP boosted its stake in Braze by 296.0% in the first quarter. Quarry LP now owns 796 shares of the company’s stock valued at $29,000 after acquiring an additional 595 shares in the last quarter. 90.47% of the stock is owned by institutional investors.

Braze Company Profile

Braze, Inc operates a customer engagement platform that provides interactions between consumers and brands worldwide. The company offers Braze software development kits that automatically manage data ingestion and deliver mobile and web notifications, in-application/in-browser interstitial messages, and content cards; REST API that can be used to import or export data or to trigger workflows between Braze and brands' existing technology stacks; Partner Data Integrations, which allow brands to sync user cohorts from partners; Data Transformation, in which brands can programmatically sync and transform user data; and Braze Cloud Data Ingestion that enables brands to harness their customer data.