Braze, Inc. (NASDAQ:BRZE) Given Average Rating of “Moderate Buy” by Brokerages

Braze, Inc. (NASDAQ:BRZE) has received an average recommendation of “Moderate Buy” from the twenty research firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $35.0588.

BRZE has been the subject of a number of research reports. BTIG Research lifted their price target on shares of Braze from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Friday. Weiss Ratings restated a “sell (e+)” rating on shares of Braze in a report on Tuesday, July 7th. Mizuho dropped their price objective on Braze from $40.00 to $32.00 and set an “outperform” rating for the company in a research note on Thursday, May 28th. Citigroup dropped their price objective on Braze from $49.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, May 29th. Finally, The Goldman Sachs Group set a $34.00 price target on Braze and gave the stock a “buy” rating in a research note on Wednesday, June 24th.

Braze Stock Down 3.4%

NASDAQ:BRZE opened at $27.95 on Thursday. The firm’s fifty day simple moving average is $23.99 and its 200-day simple moving average is $22.07. The stock has a market cap of $3.15 billion, a PE ratio of -24.96 and a beta of 0.83. Braze has a fifty-two week low of $15.26 and a fifty-two week high of $37.33.

Braze (NASDAQ:BRZE) last announced its quarterly earnings data on Wednesday, May 27th. The company reported $0.10 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 17.52%. The firm had revenue of $211.00 million during the quarter, compared to analysts’ expectations of $205.19 million. During the same quarter last year, the business earned $0.07 earnings per share. The business’s revenue for the quarter was up 30.2% compared to the same quarter last year. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. Equities analysts anticipate that Braze will post -0.78 earnings per share for the current year.

Insider Activity

In other Braze news, CTO Jonathan Hyman sold 35,000 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $30.03, for a total value of $1,051,050.00. Following the sale, the chief technology officer owned 1,220,416 shares of the company’s stock, valued at $36,649,092.48. This represents a 2.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Astha Malik sold 33,656 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $27.65, for a total transaction of $930,588.40. Following the transaction, the insider directly owned 278,138 shares of the company’s stock, valued at approximately $7,690,515.70. This trade represents a 10.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 96,699 shares of company stock worth $2,742,076 in the last ninety days. Insiders own 12.50% of the company’s stock.

Institutional Investors Weigh In On Braze

A number of large investors have recently bought and sold shares of BRZE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Braze by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,224 shares of the company’s stock worth $1,415,000 after acquiring an additional 1,700 shares during the last quarter. Intech Investment Management LLC boosted its stake in shares of Braze by 18.8% during the first quarter. Intech Investment Management LLC now owns 40,281 shares of the company’s stock valued at $1,453,000 after acquiring an additional 6,379 shares during the last quarter. Prudential Financial Inc. acquired a new stake in shares of Braze during the second quarter valued at $272,000. Russell Investments Group Ltd. increased its position in Braze by 1,353.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 9,619 shares of the company’s stock worth $270,000 after purchasing an additional 8,957 shares in the last quarter. Finally, Amundi increased its position in Braze by 8.9% during the 2nd quarter. Amundi now owns 32,581 shares of the company’s stock worth $918,000 after purchasing an additional 2,657 shares in the last quarter. Institutional investors and hedge funds own 90.47% of the company’s stock.

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.