Braze (NASDAQ:BRZE) Given Market Outperform Rating at Citizens Jmp

Braze (NASDAQ:BRZE)‘s stock had its “market outperform” rating reiterated by stock analysts at Citizens Jmp in a research report issued to clients and investors on Monday, Benzinga reports. They presently have a $35.00 target price on the stock. Citizens Jmp’s target price indicates a potential upside of 31.53% from the stock’s previous close.

BRZE has been the subject of a number of other reports. Needham & Company LLC restated a “buy” rating and set a $50.00 price target on shares of Braze in a report on Wednesday, September 9th. Piper Sandler restated an “overweight” rating and set a $30.00 target price (up from $27.00) on shares of Braze in a research note on Wednesday, September 9th. BTIG Research reaffirmed a “buy” rating and issued a $35.00 target price on shares of Braze in a report on Thursday, October 1st. Stifel Nicolaus set a $35.00 price target on Braze in a report on Wednesday, September 9th. Finally, UBS Group boosted their target price on shares of Braze from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, September 9th. Nineteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Braze has a consensus rating of “Moderate Buy” and a consensus target price of $38.21.

Braze Stock Up 4.7%

Shares of BRZE stock opened at $26.61 on Monday. The stock’s 50 day simple moving average is $27.73 and its 200 day simple moving average is $24.36. Braze has a twelve month low of $15.26 and a twelve month high of $37.33. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.27 and a current ratio of 1.27. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of -25.83 and a beta of 0.91.

Braze (NASDAQ:BRZE) last announced its quarterly earnings results on Tuesday, September 8th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.16 by $0.03. Braze had a negative return on equity of 16.11% and a negative net margin of 13.55%.The company had revenue of $227.23 million for the quarter, compared to the consensus estimate of $220.27 million. During the same quarter last year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was up 26.2% compared to the same quarter last year. Braze has set its FY 2027 guidance at 0.640-0.650 EPS and its Q3 2027 guidance at 0.130-0.140 EPS. As a group, research analysts predict that Braze will post -0.7 EPS for the current year.

Insider Activity

In other Braze news, insider Astha Malik sold 15,724 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $29.57, for a total transaction of $464,958.68. Following the completion of the transaction, the insider directly owned 326,233 shares in the company, valued at $9,646,709.81. This represents a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jonathan Hyman sold 42,000 shares of the company’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $32.47, for a total transaction of $1,363,740.00. Following the completion of the sale, the chief technology officer directly owned 1,143,219 shares in the company, valued at approximately $37,120,320.93. The trade was a 3.54% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 203,568 shares of company stock worth $6,096,461. Company insiders own 12.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Whetstone Capital Advisors LLC acquired a new stake in Braze during the 2nd quarter valued at $671,000. Integrated Wealth Concepts LLC bought a new position in shares of Braze in the second quarter valued at about $50,000. Squarepoint Ops LLC lifted its position in Braze by 13.3% during the 2nd quarter. Squarepoint Ops LLC now owns 391,337 shares of the company’s stock worth $8,488,000 after buying an additional 46,049 shares in the last quarter. Corient Private Wealth LP increased its position in Braze by 5.5% in the 2nd quarter. Corient Private Wealth LP now owns 102,896 shares of the company’s stock valued at $2,232,000 after acquiring an additional 5,360 shares in the last quarter. Finally, Absolute Gestao de Investimentos Ltda. bought a new position in shares of Braze in the second quarter worth about $325,000. 90.47% of the stock is owned by institutional investors and hedge funds.

About Braze

Braze, Inc is a customer engagement software company that helps businesses build and manage personalized interactions with consumers. Its cloud-based platform enables organizations to collect and analyze customer data, create audience segments, and deliver marketing messages across multiple channels.

The Braze platform supports communication through mobile and web applications, email, SMS, messaging services, and other digital channels. Its offerings include campaign orchestration, customer journey management, in-app and browser messaging, personalization, analytics, experimentation, and artificial intelligence tools designed to help companies improve customer retention and engagement.

The company was founded in 2011 as Appboy by Bill Magnuson, Mark Ghermezian, and Jon Hyman, and later adopted the Braze name.