Shares of Braze, Inc. (NASDAQ:BRZE – Get Free Report) have received a consensus rating of “Hold” from the twenty-three ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seventeen have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $43.95.
A number of research firms have recently commented on BRZE. Oppenheimer downgraded Braze from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 20th. Barclays cut Braze from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $38.00 to $48.00 in a research note on Tuesday, October 20th. Citizens Jmp reaffirmed a “market outperform” rating and set a $35.00 target price on shares of Braze in a report on Monday, October 5th. Wells Fargo & Company lowered Braze from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $45.00 to $47.50 in a report on Tuesday, October 20th. Finally, Mizuho set a $47.50 price target on shares of Braze in a research report on Wednesday, October 21st.
View Our Latest Report on Braze
Insider Activity
In other news, CTO Jonathan Hyman sold 285,000 shares of Braze stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $45.33, for a total value of $12,919,050.00. Following the transaction, the chief technology officer owned 848,219 shares of the company’s stock, valued at $38,449,767.27. The trade was a 25.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Astha Malik sold 33,656 shares of Braze stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $27.65, for a total transaction 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 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. In the last quarter, insiders sold 498,568 shares of company stock worth $19,315,911. Corporate insiders own 12.50% of the company’s stock.
Institutional Trading of Braze
A number of large investors have recently added to or reduced their stakes in the business. Vise Technologies Inc. acquired a new position in shares of Braze in the 3rd quarter worth $210,000. State of Wyoming raised its position in shares of Braze by 103.5% during the third quarter. State of Wyoming now owns 6,037 shares of the company’s stock worth $152,000 after purchasing an additional 3,070 shares during the period. Sterling Capital Management LLC lifted its holdings in shares of Braze by 840.2% during the third quarter. Sterling Capital Management LLC now owns 3,159 shares of the company’s stock valued at $79,000 after purchasing an additional 2,823 shares during the last quarter. Capstone Capital Management Ltd lifted its holdings in shares of Braze by 306.7% during the third quarter. Capstone Capital Management Ltd now owns 47,986 shares of the company’s stock valued at $1,204,000 after purchasing an additional 36,186 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Braze by 32.5% during the third quarter. State of Alaska Department of Revenue now owns 5,578 shares of the company’s stock valued at $140,000 after purchasing an additional 1,367 shares during the last quarter. 90.47% of the stock is currently owned by institutional investors.
Braze Price Performance
NASDAQ BRZE opened at $45.75 on Tuesday. Braze has a 12 month low of $15.26 and a 12 month high of $45.94. The firm has a market capitalization of $5.20 billion, a PE ratio of -44.42 and a beta of 0.91. The company’s 50 day simple moving average is $31.21 and its 200 day simple moving average is $24.64. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.27 and a quick ratio of 1.27.
Braze (NASDAQ:BRZE – Get Free Report) last released its earnings results on Tuesday, September 8th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. The firm had revenue of $227.23 million during the quarter, compared to the consensus estimate 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 for the quarter was up 26.2% compared to the same quarter last year. During the same period in the prior 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. As a group, equities research analysts forecast that Braze will post -0.70 EPS for the current fiscal year.
About Braze
Braze, Inc is a customer engagement software company that provides a platform for businesses to build, manage and measure personalized interactions with consumers. Its technology is designed to help brands communicate with customers across digital channels, including mobile applications, websites, email, SMS and messaging services.
The Braze platform supports customer data collection and segmentation, campaign creation, journey orchestration, experimentation and engagement analytics. Its capabilities include in-app and web messaging, push notifications, email marketing, content personalization and automated lifecycle campaigns.
See Also
- Five stocks we like better than Braze
- Starbucks Says Its Turnaround Is Done—The Numbers Make a Strong Case (With 1 Catch)
- 3 Robotics ETFs, 3 Different Ways to Bet on Humanoid Robots
- Can Microsoft Turn a Leaner Workforce and Record AI Spending Into Bigger Profits?
- Why JFrog Could Be the Software Infrastructure Company to Beat in the AI Boom
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.
