Braze (NASDAQ:BRZE) Receives Market Outperform Rating from Citizens Jmp

Citizens Jmp reissued their market outperform rating on shares of Braze (NASDAQ:BRZE) in a research note released on Thursday,Benzinga reports. Citizens Jmp currently has a $35.00 price target on the stock.

A number of other equities research analysts have also recently issued reports on BRZE. DA Davidson reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Braze in a research note on Thursday. JPMorgan Chase & Co. upped their price objective on shares of Braze from $32.00 to $33.00 and gave the stock an “overweight” rating in a report on Wednesday, March 25th. Oppenheimer decreased their price target on shares of Braze from $40.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, March 25th. UBS Group reiterated an “outperform” rating on shares of Braze in a research note on Thursday. Finally, BTIG Research reissued a “buy” rating and set a $30.00 price objective on shares of Braze in a research report on Tuesday. Twenty-two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Braze has a consensus rating of “Moderate Buy” and an average price target of $36.05.

Braze Price Performance

BRZE opened at $23.36 on Thursday. The firm has a market capitalization of $2.65 billion, a P/E ratio of -20.86 and a beta of 0.78. Braze has a fifty-two week low of $15.26 and a fifty-two week high of $37.67. The company’s 50-day moving average is $22.11 and its 200 day moving average is $24.50.

Braze (NASDAQ:BRZE) last posted its quarterly earnings results on Wednesday, May 27th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. Braze had a negative net margin of 15.51% and a negative return on equity of 17.33%. The company had revenue of $211.00 million for the quarter, compared to analyst estimates of $205.19 million. During the same quarter in the previous year, the firm posted $0.07 earnings per share. The company’s quarterly revenue was up 30.2% compared to the same quarter last year. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. On average, equities research analysts expect that Braze will post -0.87 earnings per share for the current year.

Insiders Place Their Bets

In related news, General Counsel Susan Wiseman sold 35,000 shares of the business’s stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $20.29, for a total value of $710,150.00. Following the sale, the general counsel owned 209,424 shares in the company, valued at approximately $4,249,212.96. The trade was a 14.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 12.50% of the company’s stock.

Institutional Trading of Braze

Large investors have recently made changes to their positions in the stock. NBC Securities Inc. purchased a new stake in shares of Braze during the fourth quarter valued at $27,000. Fifth Third Bancorp purchased a new stake in shares of Braze during the first quarter valued at $27,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Braze by 3,650.0% during 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. Osaic Holdings Inc. boosted its stake in shares of Braze by 821.1% during the second quarter. Osaic Holdings Inc. now owns 1,575 shares of the company’s stock valued at $44,000 after purchasing an additional 1,404 shares during the period. Finally, Quarry LP purchased a new stake in shares of Braze during the third quarter valued at $46,000. 90.47% of the stock is owned by hedge funds and other institutional investors.

Key Braze News

Here are the key news stories impacting Braze this week:

• Positive Sentiment: Braze reported quarterly revenue of $211.0 million, up about 30% year over year, and raised fiscal 2027 revenue guidance to $895 million-$899 million, signaling continued demand and strong top-line momentum.
• Positive Sentiment: Several analysts reaffirmed bullish views after the results, including Citizens JMP with a $35 target, DA Davidson with a $33 target, Cantor Fitzgerald with a $38 target, and Piper Sandler with a $27 target.
• Neutral Sentiment: The company met EPS expectations at $0.10 per share and guided Q2 revenue above Wall Street estimates, suggesting the business is still growing in line with expectations.
• Negative Sentiment: Non-GAAP operating margin was about 5.0% for the quarter, which some analysts viewed as slightly below consensus, raising concerns that profitability is not improving as quickly as revenue.
• Negative Sentiment: Braze’s announced CFO departure effective May 29 may have increased investor caution, especially right after earnings when the market is already re-evaluating the company’s near-term outlook.

Braze Company Profile

Braze, Inc is a publicly traded software company (NASDAQ: BRZE) that offers a customer engagement platform designed to help brands build personalized relationships with their users. Founded in 2011 as Appboy by Bill Magnuson, Jon Hyman and Mark Ghermezian, the company adopted the Braze name in 2017 to underscore its focus on fostering strong connections between businesses and consumers. Its cloud-based platform consolidates messaging channels including push notifications, in-app messages, email and SMS, enabling companies to deliver timely, context-driven communications at scale.

The core functionality of Braze’s platform centers on data-driven segmentation, customer journey orchestration and real-time analytics.