Braze’s (BRZE) Buy Rating Reaffirmed at BTIG Research

Braze (NASDAQ:BRZE – Get Free Report)‘s stock had its “buy” rating reaffirmed by investment analysts at BTIG Research in a report issued on Thursday, Benzinga reports. They presently have a $35.00 price target on the stock. BTIG Research’s target price would indicate a potential upside of 36.45% from the company’s current price.

A number of other equities research analysts also recently issued reports on BRZE. Oppenheimer boosted their target price on shares of Braze from $30.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, August 27th. Stephens restated a “hold” rating on shares of Braze in a report on Wednesday, September 9th. Canaccord Genuity Group boosted their target price on shares of Braze from $35.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, September 9th. Raymond James Financial boosted their target price on shares of Braze from $27.00 to $33.00 and gave the company an “outperform” rating in a report on Wednesday, September 9th. Finally, UBS Group boosted their target price on shares of Braze from $28.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, September 9th. Nineteen analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $38.21.

View Our Latest Stock Report on Braze

Braze Trading Up 2.2%

Shares of NASDAQ:BRZE traded up $0.55 during trading on Thursday, reaching $25.65. The stock had a trading volume of 2,511,362 shares, compared to its average volume of 2,923,134. The business has a fifty day moving average price of $27.51 and a 200-day moving average price of $24.22. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.02. The stock has a market cap of $2.91 billion, a P/E ratio of -24.90 and a beta of 0.88. Braze has a fifty-two week low of $15.26 and a fifty-two week high of $37.33.

Braze (NASDAQ:BRZE – Get Free Report) last posted its quarterly earnings data on Tuesday, September 8th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $227.23 million during the quarter, compared to analyst estimates of $220.27 million. During the same quarter in the previous year, the business posted $0.15 earnings per share. The company’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. As a group, analysts anticipate that Braze will post -0.7 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Braze news, CRO Edward Mcdonnell sold 29,732 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $31.38, for a total transaction of $932,990.16. Following the completion of the sale, the executive directly owned 409,630 shares in the company, valued at $12,854,189.40. The trade was a 6.77% decrease in their ownership of the stock. The transaction was disclosed in a 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 business’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $32.47, for a total transaction of $1,363,740.00. Following the transaction, the chief technology officer directly owned 1,143,219 shares in the company, valued at approximately $37,120,320.93. The trade was a 3.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 203,568 shares of company stock worth $6,096,461 over the last ninety days. 12.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP acquired a new position in shares of Braze during the first quarter worth $14,294,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Braze by 232,716.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 100,111 shares of the company’s stock worth $3,433,000 after purchasing an additional 100,068 shares in the last quarter. Quantinno Capital Management LP lifted its position in shares of Braze by 1,057.5% during the first quarter. Quantinno Capital Management LP now owns 199,292 shares of the company’s stock worth $4,705,000 after purchasing an additional 182,074 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Braze by 252.9% during the first quarter. First Trust Advisors LP now owns 167,498 shares of the company’s stock worth $3,955,000 after purchasing an additional 120,033 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of Braze during the second quarter worth $11,814,000. 90.47% of the stock is owned by institutional investors and hedge funds.

Braze Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Braze (NASDAQ:BRZE)

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