Braze, Inc. (NASDAQ:BRZE) Receives $45.11 Consensus PT from Brokerages

Shares of Braze, Inc. (NASDAQ:BRZE) have received an average rating of “Moderate Buy” from the twenty-one research firms that are currently covering the firm, MarketBeat reports. One 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 12 month target price among analysts that have covered the stock in the last year is $45.1053.

Several analysts have recently issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price objective on shares of Braze in a report on Wednesday. Citigroup upped their price objective on Braze from $50.00 to $52.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Barclays upped their price objective on Braze from $35.00 to $39.00 and gave the stock an “overweight” rating in a report on Friday, September 5th. Piper Sandler reaffirmed an “overweight” rating and set a $50.00 price objective on shares of Braze in a report on Wednesday, October 1st. Finally, William Blair restated an “outperform” rating on shares of Braze in a report on Wednesday, October 1st.

Insider Activity at Braze

In related news, General Counsel Susan Wiseman sold 4,943 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $25.14, for a total transaction of $124,267.02. Following the sale, the general counsel owned 229,724 shares in the company, valued at approximately $5,775,261.36. This represents a 2.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CTO Jonathan Hyman sold 8,918 shares of the stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $25.94, for a total value of $231,332.92. Following the sale, the chief technology officer owned 205,106 shares in the company, valued at $5,320,449.64. The trade was a 4.17% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 75,012 shares of company stock worth $2,028,483 in the last ninety days. Corporate insiders own 18.20% of the company’s stock.

Institutional Trading of Braze

A number of hedge funds and other institutional investors have recently bought and sold shares of BRZE. Westfield Capital Management Co. LP purchased a new stake in Braze in the first quarter worth $54,644,000. Fuller & Thaler Asset Management Inc. purchased a new stake in Braze in the first quarter worth $50,988,000. Nuveen LLC purchased a new stake in Braze in the first quarter worth $35,393,000. Norges Bank purchased a new stake in Braze in the second quarter worth $24,467,000. Finally, Alliancebernstein L.P. increased its stake in Braze by 28.8% in the second quarter. Alliancebernstein L.P. now owns 2,320,171 shares of the company’s stock worth $65,197,000 after purchasing an additional 518,103 shares during the period. Hedge funds and other institutional investors own 90.47% of the company’s stock.

Braze Price Performance

BRZE stock opened at $28.13 on Friday. The company has a market capitalization of $3.13 billion, a price-to-earnings ratio of -27.05 and a beta of 1.10. 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 $28.57 and a two-hundred day simple moving average of $29.55.

Braze (NASDAQ:BRZE) last issued its quarterly earnings data on Thursday, September 4th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.25). The firm had revenue of $180.11 million for the quarter, compared to analysts’ expectations of $171.63 million. Braze had a negative return on equity of 17.97% and a negative net margin of 16.62%.The firm’s revenue was up 23.8% on a year-over-year basis. During the same period last year, the company earned $0.09 earnings per share. Braze has set its FY 2026 guidance at 0.410-0.420 EPS. Q3 2026 guidance at 0.060-0.070 EPS. Sell-side analysts anticipate that Braze will post -0.98 EPS for the current fiscal year.

About Braze

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.