Braze’s (BRZE) Overweight Rating Reiterated at Cantor Fitzgerald

Braze (NASDAQ:BRZE)‘s stock had its “overweight” rating reaffirmed by stock analysts at Cantor Fitzgerald in a report issued on Wednesday, Benzinga reports. They currently have a $38.00 price objective on the stock. Cantor Fitzgerald’s price objective points to a potential upside of 64.15% from the stock’s previous close.

BRZE has been the topic of several other reports. Citigroup reiterated a “market outperform” rating on shares of Braze in a research note on Wednesday, September 9th. Stifel Nicolaus set a $35.00 price target on Braze in a research note on Wednesday, September 9th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $38.00 price target on shares of Braze in a report on Wednesday, September 9th. JPMorgan Chase & Co. reduced their price objective on Braze from $35.00 to $34.00 and set an “overweight” rating for the company in a report on Wednesday, September 9th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Braze in a research report on Tuesday, July 7th. Twenty analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $38.21.

Braze Stock Down 0.1%

Shares of Braze stock opened at $23.15 on Wednesday. The company has a 50-day simple moving average of $27.45 and a two-hundred day simple moving average of $24.17. The stock has a market capitalization of $2.63 billion, a PE ratio of -22.48 and a beta of 0.88. Braze has a 52-week low of $15.26 and a 52-week high of $37.33. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.27 and a current ratio of 1.27.

Braze (NASDAQ:BRZE) last posted its quarterly earnings results on Tuesday, September 8th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. The firm had revenue of $227.23 million for the quarter, compared to analysts’ expectations of $220.27 million. Braze had a negative net margin of 13.55% and a negative return on equity of 16.11%. The business’s revenue for the quarter was up 26.2% on a year-over-year basis. During the same quarter in the prior year, the company 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. On average, analysts anticipate that Braze will post -0.7 EPS for the current fiscal year.

Insider Activity

In other news, insider Astha Malik sold 33,656 shares of the business’s 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 completion of the sale, the insider owned 278,138 shares of the company’s stock, valued at $7,690,515.70. The trade was a 10.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Edward M. Mcdonnell sold 29,732 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $31.38, for a total value of $932,990.16. Following the completion of the sale, the executive owned 409,630 shares of the company’s stock, valued at $12,854,189.40. This trade represents a 6.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 203,568 shares of company stock valued at $6,096,461 in the last ninety days. 12.50% of the stock is currently owned by company insiders.

Institutional Trading of Braze

Hedge funds have recently bought and sold shares of the stock. Versant Capital Management Inc raised its stake in shares of Braze by 13.3% in the second quarter. Versant Capital Management Inc now owns 4,692 shares of the company’s stock worth $102,000 after buying an additional 552 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in shares of 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 during the period. Citizens Financial Group Inc. RI grew its stake in shares of Braze by 4.0% during the 1st quarter. Citizens Financial Group Inc. RI now owns 27,287 shares of the company’s stock valued at $644,000 after acquiring an additional 1,062 shares during the period. Fifth Third Bancorp purchased a new stake in Braze in the 1st quarter worth approximately $27,000. Finally, Essential Partners LLC increased its holdings in Braze by 109.8% in the 1st quarter. Essential Partners LLC now owns 2,174 shares of the company’s stock worth $51,000 after acquiring an additional 1,138 shares in the last quarter. Institutional investors own 90.47% of the company’s stock.

About Braze

Braze, Inc is a customer engagement software company that helps businesses build and manage personalized interactions with consumers. Its platform enables organizations to collect and analyze customer data, create audience segments, and coordinate marketing campaigns across multiple digital channels.

The Braze platform supports messaging through mobile and web push notifications, in-app messages, email, SMS, and other communication channels. It also provides tools for campaign orchestration, automation, experimentation, analytics, and artificial intelligence to help brands deliver more relevant and timely customer experiences.

Founded in 2011 as Appboy, the company later adopted the Braze name as it expanded its customer engagement offerings.