Braze (NASDAQ:BRZE – Get Free Report)‘s stock had its “buy” rating reiterated by research analysts at BTIG Research in a research report issued on Thursday, Benzinga reports. They presently have a $35.00 price objective on the stock. BTIG Research’s price objective points to a potential upside of 37.31% from the company’s previous close.
A number of other brokerages also recently issued reports on BRZE. Mizuho set a $52.00 price objective on shares of Braze in a research report on Wednesday, September 9th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $38.00 target price on shares of Braze in a research note on Wednesday. The Goldman Sachs Group reiterated a “buy” rating and set a $38.00 price objective on shares of Braze in a research note on Wednesday, September 9th. Stifel Nicolaus set a $35.00 price target on shares of Braze in a report on Wednesday, September 9th. Finally, Oppenheimer raised their target price on shares of Braze from $30.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, August 27th. Nineteen research 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. Based on data from MarketBeat.com, Braze currently has an average rating of “Moderate Buy” and a consensus price target of $38.21.
Check Out Our Latest Stock Report on Braze
Braze Stock Up 1.5%
Braze (NASDAQ:BRZE – Get Free Report) last posted its earnings results on Tuesday, September 8th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.16 by $0.03. The company had revenue of $227.23 million during the quarter, compared to the consensus estimate of $220.27 million. Braze had a negative net margin of 13.55% and a negative return on equity of 16.11%. The firm’s revenue for the quarter was up 26.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.15 earnings per share. Braze has set its FY 2027 guidance at 0.640-0.650 EPS and its Q3 2027 guidance at 0.130-0.140 EPS. Equities research analysts predict that Braze will post -0.7 earnings per share for the current fiscal year.
Insider Activity at Braze
In related news, CRO Edward Mcdonnell sold 29,732 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $31.38, for a total value of $932,990.16. Following the sale, the executive directly owned 409,630 shares of the company’s stock, valued at $12,854,189.40. This represents a 6.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jonathan Hyman sold 42,000 shares of the stock in a transaction dated 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 completion of the transaction, the chief technology officer owned 1,143,219 shares of the company’s stock, 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 have sold 203,568 shares of company stock worth $6,096,461 over the last ninety days. 12.50% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Braze
A number of large investors have recently added to or reduced their stakes in BRZE. Dimensional Fund Advisors LP purchased a new stake in shares of Braze in the 1st quarter worth $14,294,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Braze by 232,716.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 100,111 shares of the company’s stock valued at $3,433,000 after purchasing an additional 100,068 shares in the last quarter. Quantinno Capital Management LP increased its holdings in shares of Braze by 1,057.5% in the 1st quarter. Quantinno Capital Management LP now owns 199,292 shares of the company’s stock worth $4,705,000 after buying an additional 182,074 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Braze by 252.9% in the 1st quarter. First Trust Advisors LP now owns 167,498 shares of the company’s stock valued at $3,955,000 after purchasing an additional 120,033 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Braze in the second quarter valued at $11,814,000. Institutional investors own 90.47% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than Braze
- Apple’s $5.7 Billion Patent Verdict Raises a Bigger Royalty Question
- First Watch’s Growth Story Meets a Reality Check
- Down 50% and Climbing Again: 3 AI Stocks Rebuilding After Brutal Pullbacks
- Micron’s Earnings Reveal Why the AI Memory Boom May Last Longer
Receive News & Ratings for Braze Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Braze and related companies with MarketBeat.com's FREE daily email newsletter.
