Braze (NASDAQ:BRZE) Stock Rating Reaffirmed as Overweight by Cantor Fitzgerald

Braze (NASDAQ:BRZE)‘s stock had its “overweight” rating reiterated by stock analysts at Cantor Fitzgerald in a research report issued on Wednesday, Marketbeat reports. They currently have a $38.00 price objective on the stock. Cantor Fitzgerald’s price objective indicates a potential upside of 42.11% from the stock’s previous close.

Several other brokerages have also commented on BRZE. UBS Group upped their price target on shares of Braze from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, September 9th. DA Davidson reissued a “buy” rating and issued a $40.00 price objective on shares of Braze in a research report on Wednesday, September 9th. Citizens Jmp reissued a “market outperform” rating and issued a $35.00 price objective on shares of Braze in a research report on Wednesday, September 9th. Mizuho set a $52.00 price objective on shares of Braze in a research report on Wednesday, September 9th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $50.00 price objective on shares of Braze in a research report on Wednesday, September 9th. Nineteen analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $38.21.

Braze Price Performance

Shares of NASDAQ BRZE traded up $1.32 on Wednesday, hitting $26.74. The company’s stock had a trading volume of 693,211 shares, compared to its average volume of 2,903,643. Braze has a 12-month low of $15.26 and a 12-month high of $37.33. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of -25.97 and a beta of 0.91. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.27 and a quick ratio of 1.27. The stock has a 50 day moving average of $27.67 and a 200-day moving average of $24.31.

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

Insider Buying and Selling at Braze

In other Braze news, CTO Jonathan Hyman sold 42,000 shares of the stock in a transaction on 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 transaction, the chief technology officer directly owned 1,143,219 shares in the company, valued at $37,120,320.93. This represents a 3.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Astha Malik sold 33,656 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $27.65, for a total transaction of $930,588.40. Following the transaction, the insider owned 278,138 shares in the company, valued at $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 have sold 203,568 shares of company stock worth $6,096,461 in the last ninety days. 12.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP acquired a new stake in shares of Braze during the first quarter worth $14,294,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Braze by 232,716.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 100,111 shares of the company’s stock worth $3,433,000 after acquiring an additional 100,068 shares during the period. Quantinno Capital Management LP increased its holdings in shares of Braze by 1,057.5% in the 1st quarter. Quantinno Capital Management LP now owns 199,292 shares of the company’s stock worth $4,705,000 after acquiring an additional 182,074 shares during the period. Squarepoint Ops LLC increased its holdings in shares of Braze by 13.3% in the 2nd quarter. Squarepoint Ops LLC now owns 391,337 shares of the company’s stock worth $8,488,000 after acquiring an additional 46,049 shares during the period. Finally, First Trust Advisors LP increased its holdings in shares of Braze by 252.9% in the 1st quarter. First Trust Advisors LP now owns 167,498 shares of the company’s stock worth $3,955,000 after acquiring an additional 120,033 shares during the period. 90.47% of the stock is currently owned by 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.