Braze (NASDAQ:BRZE) Shares Up 6.8% – Time to Buy?

Braze, Inc. (NASDAQ:BRZE) traded up 6.8% during mid-day trading on Monday . The stock traded as high as $23.40 and last traded at $23.2430. Approximately 241,951 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 3,017,485 shares. The stock had previously closed at $21.76.

Wall Street Analyst Weigh In

A number of research analysts have commented on BRZE shares. The Goldman Sachs Group set a $34.00 price objective on Braze and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Piper Sandler reiterated an “overweight” rating and set a $27.00 target price on shares of Braze in a report on Thursday, May 28th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Braze in a report on Tuesday, July 7th. Citigroup decreased their price target on Braze from $49.00 to $48.00 and set a “buy” rating for the company in a report on Friday, May 29th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Braze in a research report on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $34.76.

Braze Trading Up 11.2%

The business’s 50-day simple moving average is $23.12 and its two-hundred day simple moving average is $22.09. The company has a market capitalization of $2.73 billion, a PE ratio of -21.55 and a beta of 0.85.

Braze (NASDAQ:BRZE) last announced its earnings results on Wednesday, May 27th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.10. Braze had a negative return on equity of 17.52% and a negative net margin of 15.51%.The business had revenue of $211.00 million for the quarter, compared to analyst estimates of $205.19 million. During the same period in the previous year, the company earned $0.07 earnings per share. The company’s revenue for the quarter was up 30.2% compared to the same quarter last year. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. On average, analysts forecast that Braze, Inc. will post -0.78 EPS for the current year.

Hedge Funds Weigh In On Braze

Institutional investors have recently made changes to their positions in the business. Handelsbanken Fonder AB boosted its stake in shares of Braze by 18.9% during the 2nd quarter. Handelsbanken Fonder AB now owns 28,900 shares of the company’s stock valued at $627,000 after buying an additional 4,600 shares during the last quarter. Harbor Investment Advisory LLC bought a new stake in shares of Braze in the second quarter worth $36,000. Versant Capital Management Inc raised its holdings in Braze by 13.3% in the second quarter. Versant Capital Management Inc now owns 4,692 shares of the company’s stock valued at $102,000 after acquiring an additional 552 shares in the last quarter. Optiver Holding B.V. boosted its stake in Braze by 532.2% during the 1st quarter. Optiver Holding B.V. now owns 2,712 shares of the company’s stock valued at $64,000 after acquiring an additional 2,283 shares during the last quarter. Finally, Glenmede Trust Co. NA grew its holdings in Braze by 36.5% during the 1st quarter. Glenmede Trust Co. NA now owns 538,845 shares of the company’s stock worth $12,722,000 after acquiring an additional 144,176 shares in the last quarter. 90.47% of the stock is owned by institutional investors and hedge funds.

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.