Braze (NASDAQ:BRZE) Trading Down 8.6% – Time to Sell?

Braze, Inc. (NASDAQ:BRZE)’s stock price traded down 8.6% during mid-day trading on Thursday . The stock traded as low as $24.43 and last traded at $24.5240. Approximately 179,453 shares were traded during mid-day trading, a decline of 94% from the average session volume of 3,003,235 shares. The stock had previously closed at $26.83.

Wall Street Analyst Weigh In

A number of analysts recently commented on BRZE shares. Mizuho dropped their price objective on Braze from $40.00 to $32.00 and set an “outperform” rating for the company in a research report on Thursday, May 28th. TD Cowen restated a “buy” rating on shares of Braze in a report on Monday, June 15th. Piper Sandler reaffirmed an “overweight” rating and set a $27.00 price target on shares of Braze in a research note on Thursday, May 28th. JPMorgan Chase & Co. boosted their price objective on shares of Braze from $33.00 to $35.00 and gave the company an “overweight” rating in a research report on Monday, July 6th. Finally, The Goldman Sachs Group set a $34.00 price objective on shares of Braze and gave the company a “buy” rating in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $34.76.

Braze Trading Down 6.7%

The stock has a market capitalization of $2.82 billion, a price-to-earnings ratio of -22.36 and a beta of 0.85. The business has a 50 day simple moving average of $23.31 and a 200-day simple moving average of $21.96.

Braze (NASDAQ:BRZE) last posted its quarterly earnings data on Wednesday, May 27th. The company reported $0.10 EPS for the quarter, meeting 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 company had revenue of $211.00 million during the quarter, compared to the consensus estimate of $205.19 million. During the same quarter in the prior 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. Research analysts predict that Braze, Inc. will post -0.78 EPS for the current year.

Hedge Funds Weigh In On Braze

Hedge funds have recently made changes to their positions in the stock. NBC Securities Inc. acquired a new stake in shares of Braze during the 4th quarter worth $27,000. Caitong International Asset Management Co. Ltd boosted its holdings in Braze by 3,650.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 825 shares of the company’s stock valued at $28,000 after acquiring an additional 803 shares during the last quarter. Fifth Third Bancorp acquired a new position in Braze in the first quarter valued at $27,000. Kemnay Advisory Services Inc. purchased a new stake in Braze during the fourth quarter valued at about $52,000. Finally, Osaic Holdings Inc. increased its stake in Braze by 821.1% during the second quarter. Osaic Holdings Inc. now owns 1,575 shares of the company’s stock worth $44,000 after acquiring an additional 1,404 shares during the last quarter. Institutional investors and hedge funds own 90.47% of the company’s stock.

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.