Braze (NASDAQ:BRZE) Stock Price Down 8.6% – What’s Next?

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

Analyst Ratings Changes

BRZE has been the subject of a number of recent research reports. Citizens Jmp reissued a “market outperform” rating and issued a $35.00 price objective on shares of Braze in a research note on Thursday, May 28th. Citigroup lowered their price target on shares of Braze from $49.00 to $48.00 and set a “buy” rating for the company in a report on Friday, May 29th. Canaccord Genuity Group dropped their price target on Braze from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, May 28th. DA Davidson reissued a “buy” rating and set a $33.00 price objective on shares of Braze in a research note on Thursday, May 28th. Finally, JPMorgan Chase & Co. upped their price objective on Braze from $33.00 to $35.00 and gave the company an “overweight” rating in a research report on Monday, July 6th. One equities research 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. Based on data from MarketBeat.com, Braze currently has a consensus rating of “Moderate Buy” and an average target price of $34.76.

Braze Price Performance

The firm has a fifty day moving average of $23.35 and a two-hundred day moving average of $21.95. The stock has a market capitalization of $2.81 billion, a P/E ratio of -22.25 and a beta of 0.85.

Braze (NASDAQ:BRZE) last issued its quarterly earnings data on Wednesday, May 27th. The company reported $0.10 earnings per share (EPS) 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 company had revenue of $211.00 million for the quarter, compared to analyst estimates of $205.19 million. During the same period last year, the company posted $0.07 earnings per share. Braze’s 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. As a group, sell-side analysts forecast that Braze, Inc. will post -0.78 EPS for the current fiscal year.

Institutional Trading of Braze

Hedge funds and other institutional investors have recently made changes to their positions in the business. NBC Securities Inc. acquired a new stake in shares of Braze in the 4th quarter worth $27,000. Caitong International Asset Management Co. Ltd increased its position 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 buying an additional 803 shares in the last quarter. Fifth Third Bancorp purchased a new stake in Braze in the first quarter valued at about $27,000. Kemnay Advisory Services Inc. purchased a new stake in Braze in the fourth quarter valued at about $52,000. Finally, Osaic Holdings Inc. boosted its holdings in Braze by 821.1% in 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 in the last quarter. Hedge funds and other institutional investors 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.