Brokerages Set Braze, Inc. (NASDAQ:BRZE) Price Target at $34.76

Braze, Inc. (NASDAQ:BRZE) has been assigned a consensus rating of “Moderate Buy” from the twenty research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $35.0588.

BRZE has been the topic of several recent analyst reports. Stifel Nicolaus set a $30.00 target price on shares of Braze in a research note on Thursday, May 28th. Piper Sandler reaffirmed an “overweight” rating and set a $27.00 price target on shares of Braze in a research note on Thursday, May 28th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $38.00 price target on shares of Braze in a research note on Thursday, May 28th. TD Cowen reiterated a “buy” rating on shares of Braze in a report on Monday, June 15th. Finally, Mizuho reduced their price objective on shares of Braze from $40.00 to $32.00 and set an “outperform” rating on the stock in a research report on Thursday, May 28th.

Braze Stock Performance

Shares of Braze stock opened at $28.93 on Thursday. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of -25.83 and a beta of 0.83. The stock has a 50 day moving average price of $23.89 and a 200-day moving average price of $22.06. Braze has a one year low of $15.26 and a one year high of $37.33.

Braze (NASDAQ:BRZE) last released its quarterly earnings results on Wednesday, May 27th. The company reported $0.10 earnings per share for the quarter, meeting the consensus estimate of $0.10. The company had revenue of $211.00 million for the quarter, compared to analyst estimates of $205.19 million. Braze had a negative return on equity of 17.52% and a negative net margin of 15.51%.Braze’s quarterly revenue was up 30.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.07 EPS. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. Sell-side analysts predict that Braze will post -0.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Astha Malik sold 33,656 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $27.65, for a total transaction of $930,588.40. Following the completion of the sale, the insider directly owned 278,138 shares of the company’s stock, valued at approximately $7,690,515.70. This trade represents a 10.79% decrease in their position. The sale was disclosed in a legal filing 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, CTO Jonathan Hyman sold 35,000 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $30.03, for a total value of $1,051,050.00. Following the transaction, the chief technology officer owned 1,220,416 shares of the company’s stock, valued at approximately $36,649,092.48. The trade was a 2.79% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 96,699 shares of company stock worth $2,742,076. Insiders own 12.50% of the company’s stock.

Institutional Trading of Braze

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. NBC Securities Inc. purchased a new stake in shares of Braze during the fourth quarter valued at $27,000. Fifth Third Bancorp purchased a new position in Braze in the 1st quarter worth about $27,000. Caitong International Asset Management Co. Ltd increased its stake in Braze by 3,650.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 825 shares of the company’s stock worth $28,000 after buying an additional 803 shares during the period. Harbor Investment Advisory LLC bought a new stake in Braze during the 2nd quarter valued at about $36,000. Finally, Osaic Holdings Inc. lifted its holdings in Braze by 821.1% during the 2nd quarter. Osaic Holdings Inc. now owns 1,575 shares of the company’s stock valued at $44,000 after buying 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.