Braze (NASDAQ:BRZE – Get Free Report)‘s stock had its “buy” rating reissued by research analysts at BTIG Research in a research report issued on Thursday, Benzinga reports. They presently have a $35.00 price target on the stock. BTIG Research’s price target points to a potential upside of 34.54% from the stock’s previous close.
A number of other analysts have also issued reports on BRZE. JPMorgan Chase & Co. cut their target price on Braze from $35.00 to $34.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 9th. Citizens Jmp reaffirmed a “market outperform” rating and set a $35.00 price objective on shares of Braze in a research report on Wednesday, September 9th. Stephens reaffirmed a “hold” rating on shares of Braze in a research report on Wednesday, September 9th. Oppenheimer upped their price objective on Braze from $30.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, August 27th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $30.00 price objective (up from $27.00) on shares of Braze in a research report on Wednesday, September 9th. Nineteen analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $38.21.
Check Out Our Latest Analysis on Braze
Braze Trading Up 3.6%
Braze (NASDAQ:BRZE – Get Free Report) last announced its quarterly earnings results on Tuesday, September 8th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.03. The firm had revenue of $227.23 million during the quarter, compared to analyst estimates of $220.27 million. Braze had a negative return on equity of 16.11% and a negative net margin of 13.55%.Braze’s revenue for the quarter was up 26.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.15 EPS. 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 Activity at Braze
In related news, CRO Edward Mcdonnell sold 29,732 shares of the 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 transaction, the executive 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Astha Malik sold 33,656 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $27.65, for a total value of $930,588.40. Following the completion of the transaction, the insider directly owned 278,138 shares in the company, valued at $7,690,515.70. This trade represents a 10.79% decrease in their position. 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 valued at $6,096,461 over the last quarter. 12.50% of the stock is owned by insiders.
Institutional Investors Weigh In On Braze
A number of hedge funds have recently added to or reduced their stakes in the company. Westfield Capital Management Co. LP lifted its position in Braze by 0.4% in the fourth quarter. Westfield Capital Management Co. LP now owns 2,187,275 shares of the company’s stock valued at $75,002,000 after purchasing an additional 9,322 shares during the period. Geode Capital Management LLC lifted its position in Braze by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 2,082,739 shares of the company’s stock worth $71,430,000 after buying an additional 84,365 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Braze by 30.4% in the 1st quarter. The Manufacturers Life Insurance Company now owns 1,885,577 shares of the company’s stock worth $44,518,000 after buying an additional 439,513 shares in the last quarter. Stephens Investment Management Group LLC lifted its position in Braze by 11.2% in the 1st quarter. Stephens Investment Management Group LLC now owns 1,370,986 shares of the company’s stock worth $32,369,000 after buying an additional 137,843 shares in the last quarter. Finally, Kettle Hill Capital Management LLC purchased a new stake in Braze in the 4th quarter worth approximately $25,639,000. Institutional investors and hedge funds own 90.47% of the company’s stock.
About Braze
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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