Braze (NASDAQ:BRZE – Get Free Report)‘s stock had its “buy” rating restated by equities researchers at BTIG Research in a research note issued on Tuesday,Benzinga reports. They presently have a $30.00 target price on the stock. BTIG Research’s price objective points to a potential upside of 23.20% from the company’s previous close.
Other equities analysts have also recently issued research reports about the stock. TD Cowen reduced their price target on shares of Braze from $43.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, March 20th. Canaccord Genuity Group reiterated a “buy” rating and set a $43.00 price target on shares of Braze in a research report on Monday, March 23rd. Citizens Jmp reiterated a “market outperform” rating and set a $35.00 price target on shares of Braze in a research report on Wednesday, April 29th. Barclays boosted their price target on shares of Braze from $29.00 to $31.00 and gave the company an “overweight” rating in a research report on Wednesday, March 25th. Finally, Oppenheimer reduced their price target on shares of Braze from $40.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 25th. Twenty-two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $36.90.
View Our Latest Stock Analysis on Braze
Braze Stock Performance
Braze (NASDAQ:BRZE – Get Free Report) last released its quarterly earnings data on Tuesday, March 24th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). Braze had a negative net margin of 17.78% and a negative return on equity of 18.75%. The firm had revenue of $205.17 million during the quarter, compared to analysts’ expectations of $198.23 million. During the same quarter in the previous year, the firm posted $0.12 EPS. Braze’s revenue was up 27.9% compared to the same quarter last year. Equities analysts predict that Braze will post -0.87 EPS for the current year.
Insider Buying and Selling
In related news, General Counsel Susan Wiseman sold 35,000 shares of the business’s stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of $20.29, for a total transaction of $710,150.00. Following the sale, the general counsel owned 209,424 shares of the company’s stock, valued at $4,249,212.96. The trade was a 14.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 18.20% of the stock is owned by insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. NBC Securities Inc. bought a new position in shares of Braze in the fourth quarter worth approximately $27,000. Fifth Third Bancorp bought a new position in shares of Braze in the first quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd lifted its stake 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 worth $28,000 after buying an additional 803 shares in the last quarter. Osaic Holdings Inc. lifted its stake in shares of Braze by 821.1% in the second quarter. Osaic Holdings Inc. now owns 1,575 shares of the company’s stock worth $44,000 after buying an additional 1,404 shares in the last quarter. Finally, Quarry LP bought a new position in shares of Braze in the third quarter worth approximately $46,000. Institutional investors own 90.47% of the company’s stock.
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.
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