Braze, Inc. (NASDAQ:BRZE) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Braze, Inc. (NASDAQ:BRZE) have been given a consensus rating of “Moderate Buy” by the twenty-one research firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nineteen have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $38.21.

Several research firms have commented on BRZE. JPMorgan Chase & Co. lowered their price objective on shares of Braze from $35.00 to $34.00 and set an “overweight” rating for the company in a research report on Wednesday, September 9th. Raymond James Financial increased their price target on shares of Braze from $27.00 to $33.00 and gave the company an “outperform” rating in a report on Wednesday, September 9th. TD Cowen boosted their price objective on Braze from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, August 27th. Canaccord Genuity Group upped their price objective on Braze from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, September 9th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Braze in a research note on Wednesday, September 9th.

Braze Price Performance

Shares of BRZE stock opened at $28.46 on Friday. The company’s fifty day simple moving average is $27.85 and its two-hundred day simple moving average is $24.55. Braze has a 52 week low of $15.26 and a 52 week high of $37.33. The stock has a market cap of $3.23 billion, a P/E ratio of -27.63 and a beta of 0.91. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.02.

Braze (NASDAQ:BRZE) last issued its earnings results on Tuesday, September 8th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.03. Braze had a negative return on equity of 16.11% and a negative net margin of 13.55%.The firm had revenue of $227.23 million for the quarter, compared to analysts’ expectations of $220.27 million. During the same period in the previous year, the firm posted $0.15 earnings per share. The business’s revenue was up 26.2% compared to the same quarter last year. Braze has set its FY 2027 guidance at 0.640-0.650 EPS and its Q3 2027 guidance at 0.130-0.140 EPS. Analysts predict that Braze will post -0.7 EPS for the current fiscal year.

Insider Activity at Braze

In related news, insider Astha Malik sold 15,724 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $29.57, for a total value of $464,958.68. Following the completion of the sale, the insider directly owned 326,233 shares in the company, valued at $9,646,709.81. This trade represents a 4.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jonathan Hyman sold 42,000 shares of Braze stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $32.47, for a total transaction of $1,363,740.00. Following the transaction, the chief technology officer directly owned 1,143,219 shares of the company’s stock, valued at $37,120,320.93. The trade was a 3.54% 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. In the last 90 days, insiders have sold 203,568 shares of company stock worth $6,096,461. Company insiders own 12.50% of the company’s stock.

Hedge Funds Weigh In On Braze

Large investors have recently made changes to their positions in the company. Kettle Hill Capital Management LLC purchased a new stake in shares of Braze in the fourth quarter worth approximately $25,639,000. Dimensional Fund Advisors LP purchased a new position in Braze during the 1st quarter valued at $14,294,000. Bank of New York Mellon Corp bought a new position in Braze in the 2nd quarter valued at $11,814,000. The Manufacturers Life Insurance Company grew its position in Braze by 30.4% in the 1st quarter. The Manufacturers Life Insurance Company now owns 1,885,577 shares of the company’s stock valued at $44,518,000 after acquiring an additional 439,513 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new stake in Braze in the second quarter worth $7,847,000. 90.47% of the stock is owned by hedge funds and other institutional investors.

Braze Company Profile

Braze, Inc is a customer engagement software company that helps businesses build and manage personalized interactions with consumers. Its cloud-based platform enables organizations to collect and analyze customer data, create audience segments, and deliver marketing messages across multiple channels.

The Braze platform supports communication through mobile and web applications, email, SMS, messaging services, and other digital channels. Its offerings include campaign orchestration, customer journey management, in-app and browser messaging, personalization, analytics, experimentation, and artificial intelligence tools designed to help companies improve customer retention and engagement.

The company was founded in 2011 as Appboy by Bill Magnuson, Mark Ghermezian, and Jon Hyman, and later adopted the Braze name.