Braze (NASDAQ:BRZE) Shares Gap Up – Here’s What Happened

Braze, Inc. (NASDAQ:BRZE)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $21.22, but opened at $21.98. Braze shares last traded at $21.5620, with a volume of 52,649 shares.

Wall Street Analyst Weigh In

A number of research analysts recently commented on BRZE shares. Stifel Nicolaus set a $30.00 target price on shares of Braze in a research report on Thursday, May 28th. Weiss Ratings reissued a “sell (e+)” rating on shares of Braze in a research report on Tuesday, July 7th. DA Davidson restated a “buy” rating and issued a $33.00 price objective on shares of Braze in a research note on Thursday, May 28th. TD Cowen reaffirmed a “buy” rating on shares of Braze in a report on Monday, June 15th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $38.00 price objective on shares of Braze in a report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $34.76.

Braze Stock Performance

The firm’s 50-day moving average is $23.10 and its 200 day moving average is $22.16. The stock has a market cap of $2.47 billion, a PE ratio of -19.49 and a beta of 0.85.

Braze (NASDAQ:BRZE) last issued its quarterly earnings results on Wednesday, May 27th. The company reported $0.10 earnings per share for the quarter, hitting analysts’ consensus estimates 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 in the prior year, the business earned $0.07 EPS. Braze’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, sell-side analysts predict that Braze, Inc. will post -0.78 EPS for the current fiscal year.

Institutional Investors Weigh In On Braze

Several hedge funds have recently made changes to their positions in the business. NBC Securities Inc. purchased a new stake in Braze during the 4th quarter valued at approximately $27,000. Fifth Third Bancorp purchased a new position in shares of Braze in the 1st quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Braze by 3,650.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 825 shares of the company’s stock valued at $28,000 after purchasing an additional 803 shares during the last quarter. Harbor Investment Advisory LLC acquired a new position in shares of Braze in the second quarter valued at approximately $36,000. Finally, Osaic Holdings Inc. increased its holdings in shares of Braze by 821.1% in the second quarter. Osaic Holdings Inc. now owns 1,575 shares of the company’s stock valued at $44,000 after purchasing an additional 1,404 shares during the period. 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.