Braze (NASDAQ:BRZE) Stock Rating Reaffirmed as Market Outperform by Citizens Jmp

Braze (NASDAQ:BRZE)‘s stock had its “market outperform” rating reaffirmed by equities research analysts at Citizens Jmp in a research report issued to clients and investors on Monday, Benzinga reports. They currently have a $35.00 price target on the stock. Citizens Jmp’s price objective would indicate a potential upside of 32.77% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. Raymond James Financial boosted their price target on Braze from $27.00 to $33.00 and gave the company an “outperform” rating in a report on Wednesday, September 9th. Oppenheimer raised their price objective on shares of Braze from $30.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, August 27th. Citigroup restated a “market outperform” rating on shares of Braze in a report on Monday. TD Cowen upped their price objective on shares of Braze from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, August 27th. Finally, Barclays boosted their target price on Braze from $31.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, September 2nd. Nineteen investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $38.21.

Braze Price Performance

BRZE stock traded down $0.25 during midday trading on Monday, hitting $26.36. 788,941 shares of the stock were exchanged, compared to its average volume of 2,897,885. The stock’s 50-day moving average price is $27.73 and its 200-day moving average price is $24.36. 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 stock has a market cap of $2.99 billion, a price-to-earnings ratio of -25.59 and a beta of 0.91. Braze has a fifty-two week low of $15.26 and a fifty-two week high of $37.33.

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

Insider Buying and Selling

In other news, CTO Jonathan Hyman sold 42,000 shares of the business’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 transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Edward M. Mcdonnell sold 29,732 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $31.38, for a total transaction of $932,990.16. Following the completion of the sale, the executive owned 409,630 shares in the company, valued at $12,854,189.40. This represents a 6.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 203,568 shares of company stock valued at $6,096,461 over the last three months. Company insiders own 12.50% of the company’s stock.

Hedge Funds Weigh In On Braze

Institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP acquired a new stake in shares of Braze during the first quarter worth about $14,294,000. Quantinno Capital Management LP boosted its holdings in Braze by 1,057.5% during the first quarter. Quantinno Capital Management LP now owns 199,292 shares of the company’s stock worth $4,705,000 after purchasing an additional 182,074 shares during the last quarter. Squarepoint Ops LLC boosted its position in Braze by 13.3% during the second quarter. Squarepoint Ops LLC now owns 391,337 shares of the company’s stock valued at $8,488,000 after purchasing an additional 46,049 shares during the last quarter. First Trust Advisors LP grew its stake in Braze by 252.9% in the first quarter. First Trust Advisors LP now owns 167,498 shares of the company’s stock valued at $3,955,000 after purchasing an additional 120,033 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of Braze during the 2nd quarter worth approximately $11,814,000. Institutional investors and hedge funds own 90.47% of the company’s stock.

Braze Company Profile

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.