Braze’s (BRZE) “Market Outperform” Rating Reaffirmed at Citizens Jmp

Braze (NASDAQ:BRZE)‘s stock had its “market outperform” rating reissued by Citizens Jmp in a research report issued to clients and investors on Wednesday, Benzinga reports. They presently have a $35.00 price objective on the stock. Citizens Jmp’s price target would suggest a potential upside of 15.47% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Weiss Ratings restated a “sell (e+)” rating on shares of Braze in a research report on Tuesday, July 7th. The Goldman Sachs Group set a $34.00 price target on Braze and gave the stock a “buy” rating in a report on Wednesday, June 24th. TD Cowen increased their price target on Braze from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, August 27th. Needham & Company LLC reissued a “buy” rating and issued a $50.00 price objective on shares of Braze in a report on Wednesday. Finally, Citigroup restated a “market outperform” rating on shares of Braze in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Braze has an average rating of “Moderate Buy” and a consensus target price of $38.22.

Braze Price Performance

BRZE opened at $30.31 on Wednesday. The firm has a fifty day moving average price of $27.57 and a 200 day moving average price of $23.54. Braze has a 1 year low of $15.26 and a 1 year high of $37.33. The stock has a market cap of $3.41 billion, a P/E ratio of -27.06 and a beta of 0.88.

Braze (NASDAQ:BRZE) last released its quarterly earnings results on Tuesday, September 8th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.16 by $0.03. Braze had a negative net margin of 15.51% and a negative return on equity of 17.52%. The company had revenue of $227.23 million for the quarter, compared to analyst estimates of $220.27 million. During the same quarter last year, the business earned $0.15 earnings per share. The firm’s revenue was up 26.2% on a year-over-year basis. Braze has set its FY 2027 guidance at 0.640-0.650 EPS and its Q3 2027 guidance at 0.130-0.140 EPS. Equities analysts expect that Braze will post -0.78 EPS for the current year.

Insider Buying and Selling

In related news, CTO Jonathan Hyman sold 42,000 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $32.47, for a total transaction of $1,363,740.00. Following the completion of the sale, the chief technology officer owned 1,143,219 shares of the company’s stock, valued at approximately $37,120,320.93. This represents a 3.54% decrease in their position. The sale was disclosed in a legal filing 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, CRO Edward Mcdonnell sold 29,732 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $31.38, for a total transaction of $932,990.16. Following the completion of the transaction, the executive directly owned 409,630 shares in the company, valued at $12,854,189.40. This trade represents a 6.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 203,568 shares of company stock worth $6,096,461. 12.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Braze

Several hedge funds and other institutional investors have recently bought and sold shares of BRZE. Integrated Wealth Concepts LLC purchased a new position in Braze during the second quarter worth about $50,000. Squarepoint Ops LLC grew its stake in shares of Braze by 13.3% in the 2nd quarter. Squarepoint Ops LLC now owns 391,337 shares of the company’s stock valued at $8,488,000 after buying an additional 46,049 shares during the period. Corient Private Wealth LP increased its holdings in shares of Braze by 5.5% during the 2nd quarter. Corient Private Wealth LP now owns 102,896 shares of the company’s stock worth $2,232,000 after buying an additional 5,360 shares during the last quarter. Absolute Gestao de Investimentos Ltda. purchased a new stake in shares of Braze during the 2nd quarter valued at approximately $325,000. Finally, California State Teachers Retirement System grew its position in Braze by 1,832.1% in the second quarter. California State Teachers Retirement System now owns 2,019,361 shares of the company’s stock worth $43,800,000 after acquiring an additional 1,914,845 shares during the period. 90.47% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Braze

Here are the key news stories impacting Braze this week:

• Positive Sentiment: Q2 results exceeded estimates: Braze reported adjusted earnings of $0.19 per share versus the $0.16 consensus, while revenue rose 26.2% year over year to $227.23 million, above expectations of $220.27 million. Braze Reports Strong Fiscal Second Quarter 2027 Results
• Positive Sentiment: Management raised its outlook: Fiscal 2027 EPS guidance was set at $0.64-$0.65, well above the $0.35 analyst consensus, while revenue guidance of $910 million-$913 million exceeded the $898.4 million consensus. Third-quarter EPS guidance of $0.13-$0.14 and revenue guidance of $229 million-$230 million also topped estimates. Braze Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Improving profitability trends: Braze highlighted record second-quarter free cash flow, improving operating leverage and increasing customer adoption of its AI-powered engagement tools. These factors support the company’s longer-term growth and margin expansion story. Braze Q2 2027 Earnings Call Highlights

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.