Bleakley Financial Group LLC Makes New Investment in Braze, Inc. $BRZE

Bleakley Financial Group LLC purchased a new stake in Braze, Inc. (NASDAQ:BRZE) in the 1st quarter, HoldingsChannel.com reports. The fund purchased 22,395 shares of the company’s stock, valued at approximately $529,000.

Several other institutional investors have also recently made changes to their positions in the company. NBC Securities Inc. purchased a new stake in shares of Braze in the fourth quarter worth $27,000. Caitong International Asset Management Co. Ltd increased its stake in Braze by 3,650.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 825 shares of the company’s stock worth $28,000 after acquiring an additional 803 shares during the last quarter. Fifth Third Bancorp purchased a new stake in shares of Braze in the 1st quarter valued at about $27,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Braze in the 4th quarter valued at about $52,000. Finally, Osaic Holdings Inc. boosted its position in shares of Braze by 821.1% during the 2nd quarter. Osaic Holdings Inc. now owns 1,575 shares of the company’s stock valued at $44,000 after acquiring an additional 1,404 shares during the last quarter. Institutional investors own 90.47% of the company’s stock.

Braze Price Performance

Shares of NASDAQ BRZE opened at $26.50 on Friday. The stock has a market capitalization of $2.98 billion, a P/E ratio of -23.66 and a beta of 0.85. Braze, Inc. has a one year low of $15.26 and a one year high of $37.33. The firm’s 50 day simple moving average is $22.80 and its two-hundred day simple moving average is $22.55.

Braze (NASDAQ:BRZE) last announced its quarterly earnings data on Wednesday, May 27th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. Braze had a negative net margin of 15.51% and a negative return on equity of 17.52%. The company had revenue of $211.00 million during the quarter, compared to analysts’ expectations of $205.19 million. During the same quarter in the prior year, the company earned $0.07 EPS. The firm’s revenue was up 30.2% on a year-over-year basis. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. As a group, equities analysts expect that Braze, Inc. will post -0.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BRZE has been the subject of several recent analyst reports. Citizens Jmp reissued a “market outperform” rating and set a $35.00 price objective on shares of Braze in a report on Thursday, May 28th. Mizuho cut their price target on shares of Braze from $40.00 to $32.00 and set an “outperform” rating for the company in a research note on Thursday, May 28th. DA Davidson reissued a “buy” rating and issued a $33.00 price target on shares of Braze in a report on Thursday, May 28th. Barclays lifted their price objective on shares of Braze from $29.00 to $31.00 and gave the stock an “overweight” rating in a report on Wednesday, March 25th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $38.00 target price on shares of Braze in a research note on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $34.76.

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.