Braze (NASDAQ:BRZE) Shares Gap Down – Here’s What Happened

Braze, Inc. (NASDAQ:BRZE) shares gapped down before the market opened on Thursday . The stock had previously closed at $23.80, but opened at $22.79. Braze shares last traded at $24.28, with a volume of 98,234 shares traded.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BRZE. Piper Sandler restated an “overweight” rating and set a $27.00 target price on shares of Braze in a report on Thursday, May 28th. Citizens Jmp reissued a “market outperform” rating and issued a $35.00 price objective on shares of Braze in a research report on Thursday, May 28th. Oppenheimer decreased their target price on Braze from $40.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, March 25th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Braze in a research note on Tuesday. Finally, JPMorgan Chase & Co. boosted their price target on Braze from $33.00 to $35.00 and gave the stock an “overweight” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $34.76.

Braze Stock Up 2.7%

The firm has a market cap of $2.75 billion, a price-to-earnings ratio of -21.79 and a beta of 0.85. The company has a 50 day moving average of $22.33 and a 200 day moving average of $22.94.

Braze (NASDAQ:BRZE) last issued its quarterly earnings data on Wednesday, May 27th. The company reported $0.10 earnings per share for the quarter, meeting 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 firm had revenue of $211.00 million during the quarter, compared to analyst estimates of $205.19 million. During the same quarter last year, the firm earned $0.07 EPS. Braze’s quarterly revenue was up 30.2% on a year-over-year basis. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. As a group, equities research analysts expect that Braze, Inc. will post -0.76 earnings per share for the current fiscal year.

Institutional Trading of Braze

A number of hedge funds and other institutional investors have recently made changes to their positions in BRZE. Harbor Investment Advisory LLC acquired a new stake in Braze in the second quarter valued at $36,000. Versant Capital Management Inc grew its holdings in Braze by 13.3% during the 2nd quarter. Versant Capital Management Inc now owns 4,692 shares of the company’s stock worth $102,000 after acquiring an additional 552 shares in the last quarter. Optiver Holding B.V. increased its position in shares of Braze by 532.2% in the 1st quarter. Optiver Holding B.V. now owns 2,712 shares of the company’s stock worth $64,000 after purchasing an additional 2,283 shares during the last quarter. Glenmede Trust Co. NA increased its position in shares of Braze by 36.5% in the 1st quarter. Glenmede Trust Co. NA now owns 538,845 shares of the company’s stock worth $12,722,000 after purchasing an additional 144,176 shares during the last quarter. Finally, Essential Partners LLC raised its stake in shares of Braze by 109.8% in the 1st quarter. Essential Partners LLC now owns 2,174 shares of the company’s stock valued at $51,000 after purchasing an additional 1,138 shares in the last quarter. 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.