Braze (NASDAQ:BRZE) Shares Down 4.8% – Should You Sell?

Braze, Inc. (NASDAQ:BRZE)’s share price dropped 4.8% during trading on Tuesday . The stock traded as low as $24.98 and last traded at $24.94. Approximately 505,742 shares traded hands during trading, a decline of 83% from the average session volume of 3,038,592 shares. The stock had previously closed at $26.19.

Analyst Upgrades and Downgrades

BRZE has been the subject of several recent analyst reports. BTIG Research reiterated a “buy” rating and set a $30.00 price objective on shares of Braze in a research note on Tuesday, May 26th. TD Cowen restated a “buy” rating on shares of Braze in a research note on Monday, June 15th. DA Davidson reaffirmed a “buy” rating and issued a $33.00 target price on shares of Braze in a report on Thursday, May 28th. Needham & Company LLC reiterated a “buy” rating and set a $50.00 target price on shares of Braze in a research report on Wednesday, March 25th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Braze from $33.00 to $35.00 and gave the company an “overweight” rating in a report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.76.

Braze Trading Down 7.3%

The business’s fifty day simple moving average is $23.08 and its 200 day simple moving average is $22.24. The stock has a market cap of $2.53 billion, a P/E ratio of -20.09 and a beta of 0.85.

Braze (NASDAQ:BRZE) last posted its quarterly earnings data on Wednesday, May 27th. The company reported $0.10 earnings per share 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 company posted $0.07 EPS. The company’s quarterly revenue was up 30.2% compared to the same quarter last year. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. On average, analysts predict that Braze, Inc. will post -0.78 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BRZE. Vanguard Group Inc. boosted its position in shares of Braze by 10.0% during the fourth quarter. Vanguard Group Inc. now owns 9,851,050 shares of the company’s stock worth $337,793,000 after buying an additional 892,635 shares during the period. Dana Investment Advisors Inc. acquired a new stake in Braze in the 4th quarter valued at approximately $1,980,000. SG Americas Securities LLC raised its position in Braze by 5,412.5% in the 4th quarter. SG Americas Securities LLC now owns 289,790 shares of the company’s stock valued at $9,937,000 after buying an additional 284,533 shares during the last quarter. Stephens Investment Management Group LLC lifted its stake in Braze by 8.7% in the 4th quarter. Stephens Investment Management Group LLC now owns 1,233,143 shares of the company’s stock valued at $42,284,000 after acquiring an additional 98,854 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Braze by 232,716.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 100,111 shares of the company’s stock valued at $3,433,000 after acquiring an additional 100,068 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.