Braze, Inc. (NASDAQ:BRZE) Receives Average Rating of “Moderate Buy” from Analysts

Braze, Inc. (NASDAQ:BRZE) has been given a consensus rating of “Moderate Buy” by the twenty research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and nineteen have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $34.6471.

Several equities research analysts have weighed in on BRZE shares. Cantor Fitzgerald restated an “overweight” rating and set a $38.00 target price on shares of Braze in a research note on Thursday, May 28th. Mizuho cut their target price on Braze from $40.00 to $32.00 and set an “outperform” rating for the company in a research note on Thursday, May 28th. Citizens Jmp restated a “market outperform” rating and set a $35.00 target price on shares of Braze in a research note on Thursday, May 28th. UBS Group restated an “outperform” rating on shares of Braze in a research note on Thursday, May 28th. Finally, TD Cowen restated a “buy” rating on shares of Braze in a research note on Monday, June 15th.

Insider Activity at Braze

In other news, General Counsel Susan Wiseman sold 35,000 shares of the stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $20.29, for a total value of $710,150.00. Following the completion of the transaction, the general counsel directly owned 209,424 shares in the company, valued at approximately $4,249,212.96. This represents a 14.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 12.50% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Braze by 10.0% in the 4th quarter. Vanguard Group Inc. now owns 9,851,050 shares of the company’s stock valued at $337,793,000 after acquiring an additional 892,635 shares during the last quarter. Champlain Investment Partners LLC lifted its stake in shares of Braze by 10.8% in the 3rd quarter. Champlain Investment Partners LLC now owns 2,687,928 shares of the company’s stock valued at $76,445,000 after acquiring an additional 261,351 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Braze by 6.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,455,367 shares of the company’s stock valued at $69,831,000 after acquiring an additional 139,133 shares during the last quarter. Battery Management CORP. lifted its stake in shares of Braze by 70.2% in the 3rd quarter. Battery Management CORP. now owns 2,425,000 shares of the company’s stock valued at $68,967,000 after acquiring an additional 1,000,000 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in shares of Braze by 28.8% in the 2nd quarter. Alliancebernstein L.P. now owns 2,320,171 shares of the company’s stock valued at $65,197,000 after acquiring an additional 518,103 shares during the last quarter. 90.47% of the stock is currently owned by institutional investors.

Braze Price Performance

NASDAQ BRZE opened at $19.26 on Wednesday. The business has a fifty day moving average price of $22.41 and a two-hundred day moving average price of $23.76. Braze has a fifty-two week low of $15.26 and a fifty-two week high of $37.33. The stock has a market capitalization of $2.17 billion, a PE ratio of -17.20 and a beta of 0.83.

Braze (NASDAQ:BRZE) last released its earnings results on Wednesday, May 27th. The company reported $0.10 earnings per share for the quarter, hitting the consensus estimate of $0.10. Braze had a negative return on equity of 17.52% and a negative net margin of 15.51%.The firm had revenue of $211.00 million during the quarter, compared to analysts’ expectations of $205.19 million. During the same period in the prior year, the company earned $0.07 earnings per share. The company’s quarterly 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, sell-side analysts expect that Braze will post -0.76 earnings per share for the current year.

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.