Braze (NASDAQ:BRZE – Get Free Report)‘s stock had its “buy” rating reissued by 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 suggest a potential upside of 36.22% from the company’s current price.
Several other research analysts have also commented on the company. DA Davidson reaffirmed a “buy” rating and set a $40.00 price target on shares of Braze in a research report on Wednesday, September 9th. Raymond James Financial upped their price objective on Braze from $27.00 to $33.00 and gave the stock an “outperform” rating in a report on Wednesday, September 9th. Canaccord Genuity Group boosted their target price on Braze from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, September 9th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Braze in a research report on Tuesday, July 7th. Finally, UBS Group boosted their target price on Braze from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, September 9th. Nineteen investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $38.21.
Get Our Latest Report on Braze
Braze Stock Up 2.4%
Braze (NASDAQ:BRZE – Get Free Report) last posted its earnings results on Tuesday, September 8th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.03. The firm had revenue of $227.23 million during the quarter, compared to analysts’ expectations of $220.27 million. Braze had a negative return on equity of 16.11% and a negative net margin of 13.55%.The firm’s revenue was up 26.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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. As a group, equities research analysts expect that Braze will post -0.7 EPS for the current year.
Insider Activity at Braze
In other news, insider Astha Malik sold 33,656 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $27.65, for a total value of $930,588.40. Following the completion of the sale, the insider owned 278,138 shares of the company’s stock, valued at $7,690,515.70. This trade represents a 10.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 firm’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $32.47, for a total value of $1,363,740.00. Following the transaction, the chief technology officer owned 1,143,219 shares in the company, valued at approximately $37,120,320.93. This trade represents a 3.54% 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. Over the last 90 days, insiders sold 203,568 shares of company stock valued at $6,096,461. Insiders own 12.50% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd lifted its holdings in Braze by 3,650.0% during the 4th 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. Fifth Third Bancorp bought a new stake in shares of Braze during the 1st quarter valued at $27,000. Harbor Investment Advisory LLC bought a new stake in shares of Braze during the 2nd quarter valued at $36,000. Essential Partners LLC raised its position in shares of Braze by 109.8% during the 1st quarter. Essential Partners LLC now owns 2,174 shares of the company’s stock valued at $51,000 after acquiring an additional 1,138 shares during the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Braze during the 2nd quarter valued at $50,000. 90.47% of the stock is 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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