Braze’s (BRZE) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Braze (NASDAQ:BRZE) in a research report released on Wednesday morning,Benzinga reports. The brokerage currently has a $50.00 price target on the stock.

Several other brokerages also recently commented on BRZE. BTIG Research began coverage on Braze in a report on Tuesday, December 16th. They set a “buy” rating and a $45.00 target price on the stock. DA Davidson increased their price objective on shares of Braze from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. Mizuho lifted their price objective on shares of Braze from $45.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday, December 10th. Stifel Nicolaus boosted their target price on shares of Braze from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Braze in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Braze presently has a consensus rating of “Moderate Buy” and an average price target of $46.95.

Braze Trading Down 9.6%

Shares of BRZE stock opened at $23.03 on Wednesday. The company has a market cap of $2.58 billion, a PE ratio of -20.94 and a beta of 1.08. The company’s fifty day simple moving average is $30.91 and its 200-day simple moving average is $29.09. Braze has a 52 week low of $22.86 and a 52 week high of $48.33.

Braze (NASDAQ:BRZE) last announced its quarterly earnings results on Tuesday, December 9th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. The firm had revenue of $190.84 million during the quarter, compared to the consensus estimate of $198.25 million. Braze had a negative return on equity of 17.87% and a negative net margin of 16.85%.The firm’s quarterly revenue was up 25.5% compared to the same quarter last year. During the same period in the prior year, the firm 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. Equities research analysts expect that Braze will post -0.98 EPS for the current fiscal year.

Insider Buying and Selling at Braze

In other Braze news, General Counsel Susan Wiseman sold 4,456 shares of the firm’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $27.57, for a total transaction of $122,851.92. Following the completion of the transaction, the general counsel directly owned 219,794 shares of the company’s stock, valued at $6,059,720.58. This trade represents a 1.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Pankaj Malik sold 5,540 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $35.76, for a total transaction of $198,110.40. Following the completion of the sale, the chief accounting officer directly owned 53,572 shares of the company’s stock, valued at $1,915,734.72. The trade was a 9.37% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 69,923 shares of company stock valued at $1,917,418. Corporate insiders own 18.20% of the company’s stock.

Hedge Funds Weigh In On Braze

A number of hedge funds have recently bought and sold shares of BRZE. SBI Securities Co. Ltd. raised its stake in Braze by 173.3% during the second quarter. SBI Securities Co. Ltd. now owns 1,372 shares of the company’s stock valued at $39,000 after buying an additional 870 shares in the last quarter. Osaic Holdings Inc. grew its position in shares of Braze by 821.1% in the 2nd quarter. Osaic Holdings Inc. now owns 1,575 shares of the company’s stock worth $44,000 after acquiring an additional 1,404 shares in the last quarter. Quarry LP bought a new stake in shares of Braze in the 3rd quarter valued at approximately $46,000. Clearstead Advisors LLC raised its position in shares of Braze by 58.2% during the 3rd quarter. Clearstead Advisors LLC now owns 1,685 shares of the company’s stock valued at $48,000 after acquiring an additional 620 shares in the last quarter. Finally, Covestor Ltd raised its position in shares of Braze by 35.7% during the 3rd quarter. Covestor Ltd now owns 2,894 shares of the company’s stock valued at $82,000 after acquiring an additional 761 shares in the last quarter. 90.47% of the stock is currently owned by institutional investors and hedge funds.

About Braze

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.