Braze’s (BRZE) Market Outperform Rating Reiterated at Citizens Jmp

Citizens Jmp restated their market outperform rating on shares of Braze (NASDAQ:BRZE) in a research note published on Wednesday morning,Benzinga reports. They currently have a $68.00 price target on the stock.

A number of other brokerages have also weighed in on BRZE. Mizuho raised their price target on shares of Braze from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Friday, September 5th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $38.00 price objective on shares of Braze in a research report on Wednesday. Stifel Nicolaus boosted their target price on Braze from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday. Weiss Ratings reiterated a “sell (e+)” rating on shares of Braze in a report on Wednesday, October 8th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $43.00 price objective on shares of Braze in a research report on Friday, September 5th. Twenty-one research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $47.05.

Braze Stock Performance

Shares of NASDAQ:BRZE opened at $33.14 on Wednesday. The business has a fifty day moving average of $28.39 and a 200-day moving average of $28.71. Braze has a twelve month low of $23.91 and a twelve month high of $48.33. The firm has a market cap of $3.69 billion, a PE ratio of -30.13 and a beta of 1.10.

Braze (NASDAQ:BRZE) last issued its quarterly earnings results on Tuesday, December 9th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. The business had revenue of $190.84 million for the quarter, compared to the consensus estimate of $198.25 million. Braze had a negative net margin of 16.85% and a negative return on equity of 17.87%. The firm’s quarterly revenue was up 25.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.02 EPS. Braze has set its FY 2026 guidance at 0.420-0.430 EPS and its Q4 2026 guidance at 0.130-0.140 EPS. On average, analysts anticipate that Braze will post -0.98 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO William Magnuson sold 26,698 shares of the company’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $26.64, for a total value of $711,234.72. Following the completion of the sale, the chief executive officer directly owned 694,746 shares of the company’s stock, valued at $18,508,033.44. This represents a 3.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Pankaj Malik sold 3,644 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $26.64, for a total transaction of $97,076.16. Following the completion of the sale, the chief accounting officer owned 59,112 shares in the company, valued at $1,574,743.68. This represents a 5.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 68,557 shares of company stock valued at $1,856,089 in the last ninety days. 18.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Braze

Several large investors have recently bought and sold shares of BRZE. Quarry LP raised its holdings in Braze by 296.0% in the first quarter. Quarry LP now owns 796 shares of the company’s stock worth $29,000 after purchasing an additional 595 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in shares of Braze in the 1st quarter valued at $36,000. SBI Securities Co. Ltd. raised its stake in Braze by 173.3% during the 2nd quarter. SBI Securities Co. Ltd. now owns 1,372 shares of the company’s stock worth $39,000 after buying an additional 870 shares during the period. Osaic Holdings Inc. raised its stake in Braze by 821.1% during the 2nd quarter. Osaic Holdings Inc. now owns 1,575 shares of the company’s stock worth $44,000 after buying an additional 1,404 shares during the period. Finally, Clearstead Advisors LLC lifted its holdings in Braze by 58.2% during the third quarter. Clearstead Advisors LLC now owns 1,685 shares of the company’s stock worth $48,000 after acquiring an additional 620 shares in the last quarter. Institutional investors own 90.47% of the company’s stock.

Braze Company Profile

Braze, Inc operates a customer engagement platform that provides interactions between consumers and brands worldwide. The company offers Braze software development kits that automatically manage data ingestion and deliver mobile and web notifications, in-application/in-browser interstitial messages, and content cards; REST API that can be used to import or export data or to trigger workflows between Braze and brands' existing technology stacks; Partner Data Integrations, which allow brands to sync user cohorts from partners; Data Transformation, in which brands can programmatically sync and transform user data; and Braze Cloud Data Ingestion that enables brands to harness their customer data.