The Goldman Sachs Group Upgrades Braze (NASDAQ:BRZE) to Strong-Buy

Braze (NASDAQ:BRZE) was upgraded by equities research analysts at The Goldman Sachs Group to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

Several other equities research analysts also recently weighed in on BRZE. TD Cowen reissued a “buy” rating on shares of Braze in a report on Monday, June 15th. Oppenheimer cut their target price on Braze from $40.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, March 25th. Citigroup decreased their price objective on shares of Braze from $49.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, May 29th. UBS Group reissued an “outperform” rating on shares of Braze in a report on Thursday, May 28th. Finally, Barclays raised their price objective on shares of Braze from $29.00 to $31.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 25th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $34.65.

Braze Stock Up 1.1%

NASDAQ:BRZE opened at $19.48 on Tuesday. The company has a fifty day simple moving average of $22.39 and a two-hundred day simple moving average of $23.69. Braze has a 52 week low of $15.26 and a 52 week high of $37.33. The company has a market cap of $2.19 billion, a price-to-earnings ratio of -17.39 and a beta of 0.83.

Braze (NASDAQ:BRZE) last released its quarterly earnings data on Wednesday, May 27th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. The business had revenue of $211.00 million during the quarter, compared to analysts’ expectations of $205.19 million. Braze had a negative net margin of 15.51% and a negative return on equity of 17.52%. The company’s revenue for the quarter was up 30.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.07 EPS. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. On average, analysts expect that Braze will post -0.76 EPS for the current year.

Insider Activity at Braze

In other Braze news, General Counsel Susan Wiseman sold 35,000 shares of the company’s stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of $20.29, for a total value of $710,150.00. Following the completion of the transaction, the general counsel directly owned 209,424 shares of the company’s stock, valued at $4,249,212.96. This represents a 14.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 12.50% of the company’s stock.

Institutional Investors Weigh In On Braze

A number of institutional investors have recently made changes to their positions in BRZE. NBC Securities Inc. bought a new stake in shares of Braze during the 4th quarter valued at about $27,000. Caitong International Asset Management Co. Ltd lifted its holdings in Braze by 3,650.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 825 shares of the company’s stock worth $28,000 after purchasing an additional 803 shares during the period. Fifth Third Bancorp acquired a new stake in shares of Braze in the 1st quarter worth approximately $27,000. Kemnay Advisory Services Inc. bought a new position in Braze during the 4th quarter valued at $52,000. Finally, Osaic Holdings Inc. boosted its stake in Braze by 821.1% during the second 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. 90.47% of the stock is currently owned by institutional investors.

About Braze

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.