Braze (NASDAQ:BRZE – Get Free Report)‘s stock had its “buy” rating reissued by equities research analysts at BTIG Research in a research note issued on Thursday, Benzinga reports. They presently have a $35.00 target price on the stock. BTIG Research’s price objective indicates a potential upside of 34.89% from the company’s current price.
Several other analysts also recently issued reports on the stock. Canaccord Genuity Group upped their price target on shares of Braze from $35.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, September 9th. JPMorgan Chase & Co. reduced their price objective on shares of Braze from $35.00 to $34.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 9th. Raymond James Financial increased their price target on shares of Braze from $27.00 to $33.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 9th. Stephens reaffirmed a “hold” rating on shares of Braze in a research note on Wednesday, September 9th. Finally, Citizens Jmp reissued a “market outperform” rating and issued a $35.00 price objective on shares of Braze in a research report on Wednesday, September 9th. Nineteen investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $38.21.
Get Our Latest Analysis on BRZE
Braze Stock Performance
Braze (NASDAQ:BRZE – Get Free Report) last issued its quarterly earnings results on Tuesday, September 8th. The company reported $0.19 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $220.27 million. During the same period in the previous year, the business posted $0.15 earnings per share. The business’s revenue was up 26.2% compared to the same quarter last year. 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, sell-side analysts forecast that Braze will post -0.7 EPS for the current year.
Insider Transactions at Braze
In other Braze news, insider Astha Malik sold 33,656 shares of the firm’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $27.65, for a total transaction of $930,588.40. Following the transaction, the insider owned 278,138 shares of the company’s stock, valued at approximately $7,690,515.70. This trade represents a 10.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Edward M. Mcdonnell sold 29,732 shares of Braze stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $31.38, for a total transaction of $932,990.16. Following the completion of the transaction, the executive directly owned 409,630 shares in the company, valued at approximately $12,854,189.40. This trade represents a 6.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 203,568 shares of company stock worth $6,096,461. 12.50% of the stock is currently owned by insiders.
Institutional Trading of Braze
A number of institutional investors have recently added to or reduced their stakes in BRZE. Caitong International Asset Management Co. Ltd raised its position 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 purchasing an additional 803 shares during the period. Fifth Third Bancorp bought a new stake in Braze in the 1st quarter valued at $27,000. Harbor Investment Advisory LLC bought a new stake in shares of Braze in the 2nd quarter worth about $36,000. Essential Partners LLC lifted its position in Braze by 109.8% during the 1st quarter. Essential Partners LLC now owns 2,174 shares of the company’s stock worth $51,000 after buying an additional 1,138 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in Braze during the 2nd quarter worth about $50,000. 90.47% of the stock is currently owned by institutional investors and hedge funds.
Braze Company Profile
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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