Citizens Jmp Reaffirms “Market Outperform” Rating for Braze (NASDAQ:BRZE)

Braze (NASDAQ:BRZE)‘s stock had its “market outperform” rating reissued by investment analysts at Citizens Jmp in a research note issued on Monday, Benzinga reports. They presently have a $35.00 price objective on the stock. Citizens Jmp’s target price points to a potential upside of 32.88% from the stock’s current price.

Several other equities research analysts have also commented on the stock. Stifel Nicolaus set a $35.00 price target on shares of Braze in a research note on Wednesday, September 9th. Cantor Fitzgerald restated an “overweight” rating and set a $38.00 price objective on shares of Braze in a report on Wednesday, September 30th. JPMorgan Chase & Co. cut their price target on shares of Braze from $35.00 to $34.00 and set an “overweight” rating on the stock in a report on Wednesday, September 9th. Piper Sandler restated an “overweight” rating and issued a $30.00 price target (up from $27.00) on shares of Braze in a research report on Wednesday, September 9th. Finally, UBS Group boosted their target price on shares of Braze from $28.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, September 9th. Nineteen investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $38.21.

Braze Price Performance

BRZE stock opened at $26.34 on Monday. The stock’s 50 day moving average is $27.75 and its two-hundred day moving average is $24.42. Braze has a 52-week low of $15.26 and a 52-week high of $37.33. The company has a market capitalization of $2.99 billion, a PE ratio of -25.57 and a beta of 0.91. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.02.

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

Insider Buying and Selling at Braze

In related news, CTO Jonathan Hyman sold 42,000 shares of Braze stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $32.47, for a total transaction of $1,363,740.00. Following the completion of the sale, the chief technology officer owned 1,143,219 shares of the company’s stock, valued at approximately $37,120,320.93. This trade represents a 3.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Astha Malik sold 15,724 shares of the company’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $29.57, for a total value of $464,958.68. Following the completion of the transaction, the insider directly owned 326,233 shares in the company, valued at approximately $9,646,709.81. The trade was a 4.60% 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 sold 203,568 shares of company stock valued at $6,096,461 in the last quarter. Company insiders own 12.50% of the company’s stock.

Institutional Investors Weigh In On Braze

Several large investors have recently made changes to their positions in BRZE. Kettle Hill Capital Management LLC acquired a new stake in shares of Braze in the 4th quarter valued at $25,639,000. Dimensional Fund Advisors LP bought a new position in Braze during the first quarter valued at about $14,294,000. Bank of New York Mellon Corp bought a new position in Braze during the second quarter valued at about $11,814,000. The Manufacturers Life Insurance Company lifted its position in shares of Braze by 30.4% in the first quarter. The Manufacturers Life Insurance Company now owns 1,885,577 shares of the company’s stock worth $44,518,000 after buying an additional 439,513 shares during the last quarter. Finally, Wellington Management Group LLP bought a new stake in shares of Braze during the 2nd quarter worth about $7,847,000. Institutional investors own 90.47% of the company’s stock.

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.