Braze (NASDAQ:BRZE) Shares Down 4.8% – Here’s What Happened

Braze, Inc. (NASDAQ:BRZE) shares fell 4.8% during trading on Tuesday . The company traded as low as $24.98 and last traded at $24.94. 505,742 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 3,038,592 shares. The stock had previously closed at $26.19.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Braze in a research report on Tuesday, July 7th. Cantor Fitzgerald reissued an “overweight” rating and issued a $38.00 target price on shares of Braze in a report on Thursday, May 28th. Mizuho cut their target price on Braze from $40.00 to $32.00 and set an “outperform” rating on the stock in a research note on Thursday, May 28th. DA Davidson restated a “buy” rating and set a $33.00 price target on shares of Braze in a report on Thursday, May 28th. Finally, Canaccord Genuity Group lowered their price target on Braze from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, May 28th. One equities research 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 company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.76.

Braze Trading Down 5.8%

The company has a market capitalization of $2.78 billion, a PE ratio of -22.05 and a beta of 0.85. The business’s fifty day moving average is $22.91 and its two-hundred day moving average is $22.40.

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, meeting the consensus estimate 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 analysts’ expectations of $205.19 million. During the same period in the prior year, the firm posted $0.07 EPS. The firm’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 anticipate that Braze, Inc. will post -0.76 EPS for the current year.

Institutional Investors Weigh In On Braze

Several institutional investors have recently modified their holdings of the business. NBC Securities Inc. bought a new stake in Braze in the 4th quarter worth about $27,000. Caitong International Asset Management Co. Ltd lifted its stake in Braze by 3,650.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 825 shares of the company’s stock valued at $28,000 after acquiring an additional 803 shares during the period. Fifth Third Bancorp bought a new position in Braze during the 1st quarter valued at about $27,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Braze during the 4th quarter valued at about $52,000. Finally, Osaic Holdings Inc. boosted its holdings in shares of 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 acquiring an additional 1,404 shares during the last quarter. 90.47% of the stock is owned by hedge funds and other 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.