Braze (NASDAQ:BRZE) Shares Gap Up – Should You Buy?

Braze, Inc. (NASDAQ:BRZE) gapped up before the market opened on Wednesday . The stock had previously closed at $21.69, but opened at $22.64. Braze shares last traded at $23.0950, with a volume of 168,820 shares traded.

Analyst Ratings Changes

Several equities analysts recently issued reports on BRZE shares. UBS Group reiterated an “outperform” rating on shares of Braze in a research note on Thursday, May 28th. JPMorgan Chase & Co. lifted their price objective on shares of Braze from $32.00 to $33.00 and gave the company an “overweight” rating in a report on Wednesday, March 25th. Citigroup decreased their price objective on shares of Braze from $49.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, May 29th. TD Cowen restated a “buy” rating on shares of Braze in a research report on Monday, June 15th. Finally, The Goldman Sachs Group set a $34.00 price target on Braze and gave the company a “buy” rating in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Braze has a consensus rating of “Moderate Buy” and a consensus target price of $34.65.

Braze Price Performance

The company’s fifty day simple moving average is $22.28 and its 200-day simple moving average is $23.38. The firm has a market capitalization of $2.58 billion, a PE ratio of -20.44 and a beta of 0.83.

Braze (NASDAQ:BRZE) last released its earnings results on Wednesday, May 27th. The company reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. The business had revenue of $211.00 million during the quarter, compared to analysts’ expectations of $205.19 million. Braze had a negative net margin of 15.51% and a negative return on equity of 17.52%. The company’s quarterly revenue was up 30.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.07 earnings per share. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. Analysts forecast that Braze, Inc. will post -0.76 earnings per share for the current year.

Insider Activity at Braze

In other Braze news, General Counsel Susan Wiseman sold 35,000 shares of the stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $20.29, for a total transaction of $710,150.00. Following the completion of the transaction, the general counsel owned 209,424 shares of the company’s stock, valued at $4,249,212.96. This represents a 14.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.50% of the stock is owned by insiders.

Institutional Trading of Braze

Several large investors have recently made changes to their positions in the company. NBC Securities Inc. purchased a new position in Braze in the 4th quarter valued at $27,000. Fifth Third Bancorp acquired a new position in Braze during the first quarter worth about $27,000. Caitong International Asset Management Co. Ltd grew its stake in Braze by 3,650.0% during the 4th 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 in the last quarter. Osaic Holdings Inc. grew its position 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 in the last quarter. Finally, Quarry LP purchased a new stake in shares of Braze in the third quarter valued at approximately $46,000. 90.47% of the stock is currently owned by hedge funds and other institutional investors.

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.